The company said its sales for Q4 2023 rose 3.3% year over year to $1,288 million, and its net earnings were $200 million, or $0.81 per diluted share. Its operating profit margin for the same quarter was 22.2%.

1. 01

   The company said its sales for Q4 2023 rose 3.3% year over year to $1,288 million, and its net earnings were $200 million, or $0.81 per diluted share. Its operating profit margin for the same quarter was 22.2%.

2. 02

   The company said its full-year sales for 2023 rose 3.1% from the prior year to $5,021 million, and its non-GAAP core sales growth was 2.6%. Full-year net earnings were $839 million, or $3.40 per diluted share, and the operating profit margin was 22.7%.

3. 03

   Veralto said its operating cash flow for 2023 was $963 million, and its non-GAAP free cash flow was $911 million. The company's cash flow statement for the same year showed $2,608 million in proceeds from borrowings and $2,600 million in consideration paid to its former parent, Danaher, in connection with the Separation, both under financing activities.

4. 04

   The company said it expects adjusted diluted earnings per share for Q1 2024 to be in the range of $0.73 to $0.78, and for the full year to be in the range of $3.20 to $3.30. It said full-year adjusted operating profit margin will expand 50 to 75 basis points year over year and that it is targeting free cash flow conversion of approximately 100%.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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