AI English summary of an SEC filing — figures as filed
The company said sales for the 3 months ended March 29, 2024 were $1,246 million ($1,225 million in the same period last year), and net earnings were $184 million ($225 million a year earlier). Diluted earnings per share were $0.74 ($0.91 a year earlier).
Key points
AI summaryThe company said sales for the 3 months ended March 29, 2024 were $1,246 million ($1,225 million in the same period last year), and net earnings were $184 million ($225 million a year earlier). Diluted earnings per share were $0.74 ($0.91 a year earlier).
Veralto said operating cash flow for Q1 was $115 million ($156 million a year earlier), and non-GAAP free cash flow was $102 million ($147 million a year earlier). Capital expenditures were $13 million.
The company said it raised its adjusted diluted earnings per share target for fiscal 2024 to $3.25 to $3.34, from its prior outlook of $3.20 to $3.30. It also raised its free cash flow conversion estimate to 100% to 110%, from its prior outlook of about 100%.
Summary
AI-writtenAnalysis 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. Some paragraphs were omitted because their support in the source could not be confirmed.
Veralto Q1 sales of $1,246 million, net earnings of $184 million
The company said sales for the 3 months ended March 29, 2024 were $1,246 million ($1,225 million in the same period last year), and net earnings were $184 million ($225 million a year earlier). Diluted earnings per share were $0.74 ($0.91 a year earlier).
Source · Based on the filing body and exhibits
Veralto Q1 operating cash flow and free cash flow
Veralto said operating cash flow for Q1 was $115 million ($156 million a year earlier), and non-GAAP free cash flow was $102 million ($147 million a year earlier). Capital expenditures were $13 million.
Source · Based on the filing body and exhibits
Veralto Updates 2024 Full-Year Guidance
The company said it raised its adjusted diluted earnings per share target for fiscal 2024 to $3.25 to $3.34, from its prior outlook of $3.20 to $3.30. It also raised its free cash flow conversion estimate to 100% to 110%, from its prior outlook of about 100%.
Source · Based on the filing body and exhibits
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
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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