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WALTHAM, Mass. - Veralto Corporation (NYSE:VLTO) reported second-quarter earnings that exceeded analyst expectations on Monday, as the water and product quality solutions provider benefited from strong commercial execution and steady customer demand.
The company posted adjusted earnings per share of $0.93, surpassing the analyst estimate of $0.85. Revenue came in at $1.37 billion, slightly above the consensus estimate of $1.36 billion and up 6.4% YoY. Core sales, which exclude the impact of acquisitions, divestitures, and currency fluctuations, increased 4.8% compared to the same period last year.
Veralto’s shares edged up 0.6% following the announcement.
"We delivered a strong second quarter led by outstanding commercial execution and steady, broad-based customer demand," said Jennifer L. Honeycutt, President and Chief Executive Officer. "Our rigorous application of the Veralto Enterprise System continued to support global growth and operating discipline, while also helping mitigate impacts from changes in global trade policies."
The company’s operating profit margin was 22.8%, while adjusted operating profit margin stood at 23.7%. Free cash flow reached $323 million, representing a 34.5% increase from the previous year.
Based on its first-half performance and stable demand outlook, Veralto raised its full-year guidance. The company now expects adjusted earnings per share between $3.72 and $3.80, up from its previous range of $3.60 to $3.70 and above the analyst consensus of $3.69. It also upgraded its full-year core sales growth forecast to mid-single digits from low-to-mid-single digits.
For the third quarter, Veralto anticipates mid-single-digit core sales growth and adjusted earnings per share between $0.91 and $0.95, in line with the analyst consensus of $0.93.
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