Veralto said total sales for 2024 increased 3.4% compared to 2023, core sales increased 3.7%, currency exchange rates decreased reported sales by 0.3%, and price increases contributed 1.8% to sales growth.

1. 01

   Veralto said total sales for 2024 increased 3.4% compared to 2023, core sales increased 3.7%, currency exchange rates decreased reported sales by 0.3%, and price increases contributed 1.8% to sales growth.

2. 02

   The company said operating profit margins for 2024 were 23.3% compared to 22.7% in 2023. Gross profit margins increased 200 basis points and SG&A expenses as a percentage of sales increased 110 basis points.

3. 03

   Veralto said core sales in the Water Quality segment for 2024 increased 3.9% and core sales in the Product Quality & Innovation segment increased 3.3%, with operating profit margins of 24.5% and 25.7%, respectively.

4. 04

   The company said operating cash flow from continuing operations decreased $88 million (9%) compared to 2023. Net interest expense for 2024 was $113 million compared to $30 million in 2023, and dividend payments for 2024 were $89 million.

Key figures

Fiscal year ended December 31, 2024

Revenue

$5.2B

Operating income

$1.2B

Net income

$833M

EPS

$3.34

Gross profit

$3.1B

Operating cash flow

$875M

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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.