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Veralto logoVeralto VLTO

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).

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. 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).

  2. 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.

  3. 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-written

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. 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.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.