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Veralto Corporation - VLTO STOCK NEWS

Welcome to our dedicated page for Veralto Corporation news (Ticker: VLTO), a resource for investors and traders seeking the latest updates and insights on Veralto Corporation stock.

Veralto Corporation (NYSE: VLTO) is a global leader in essential technology solutions dedicated to safeguarding the world's most vital resources. Headquartered in Waltham, Massachusetts, Veralto operates through two main segments: Water Quality and Product Quality & Innovation.

The Water Quality segment focuses on improving the quality and reliability of water. This is achieved through renowned brands such as Hach, Trojan Technologies, and ChemTreat. These brands are instrumental in creating safe and sustainable water solutions, ensuring clean water for consumption and industrial use.

In the Product Quality & Innovation segment, Veralto enhances consumer trust and promotes product innovation through a suite of brands including Videojet, Linx, Esko, X-Rite, and Pantone. These companies are at the forefront of providing cutting-edge solutions for product identification, marking, and color management, fostering innovation across various industries.

With annual sales nearing $5 billion and a robust global team of 16,000 associates, Veralto is driven by a powerful purpose: Safeguarding the World's Most Vital Resources™. The company’s commitment is further strengthened by the Veralto Enterprise System (VES), a derivative of the highly effective Danaher Business System (DBS), which emphasizes operational excellence.

Recently, Veralto separated from its former parent, Danaher Corporation, and commenced regular trading as an independent publicly traded company on October 2, 2023. This new chapter of independent operation is marked by a strong portfolio of 13 leading brands, each an industry pioneer.

Veralto also maintains a forward-looking perspective with its latest announcements, such as the separation of Trojan Technologies' Salsnes Filter business, and the proactive response to unsolicited mini-tender offers, ensuring the best interests of its shareholders.

Looking ahead, Veralto has scheduled its third quarter 2023 results release for October 25, 2023, followed by an earnings conference call on October 26, 2023. The company will also webcast its quarterly earnings calls for Q4 2023 and Q1 2024, ensuring transparency and continuous engagement with its investors.

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Veralto (NYSE: VLTO) has announced the schedule for its second quarter 2024 earnings call. The webcast is set for Friday, July 26, 2024, at 8:30 a.m. ET. Investors can access the webcast and accompanying slide presentation through the 'Investors' section of Veralto's website. Additionally, a replay of the webcast will be available until the next quarterly earnings call. The earnings news release and related materials will be posted on the website after market close on July 25, 2024. Conference call dial-in details include 1-800-343-4136 for U.S. participants and +1 203-518-9708 for international participants.

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Veralto (NYSE: VLTO), a global leader in water and product quality solutions, announced a quarterly cash dividend of $0.09 per share.

The dividend is payable on July 31, 2024 to shareholders of record as of June 28, 2024.

This decision reflects Veralto's ongoing commitment to returning value to its shareholders.

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Veralto (NYSE: VLTO) has announced that Sameer Ralhan, Senior Vice President and Chief Financial Officer, will represent the company at the Wolfe Research 17th Annual Global Transportation and Industrials Conference. The event will take place on May 23, 2024. Veralto specializes in essential water and product quality solutions aimed at safeguarding the world's most vital resources.

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Veralto, a global leader in water and product quality solutions, reported a 1.8% increase in sales to $1.246 billion in the first quarter of 2024. Operating profit margin was 23.5%, with net earnings of $184 million. The company expects low-single-digit core sales growth for the second quarter and full year 2024, with adjusted earnings per share in the range of $3.25 to $3.34.
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Veralto (NYSE: VLTO) will webcast its quarterly earnings conference call for Q1 2024 on April 24, 2024. The company will discuss its financial performance, with details available on their website. Investors can access the call and replay information through the Investors section of Veralto's website.
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Veralto (VLTO) declares a quarterly cash dividend of $0.09 per share, reinforcing its commitment to shareholders. The dividend is payable on April 30, 2024, to holders of record as of March 28, 2024.
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Veralto (VLTO) to participate in Citi Global and Barclays Industrial Conferences with Senior VP Sameer Ralhan presenting. The webcast will be available on www.veralto.com.
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Veralto (VLTO) reported strong fourth quarter and full year 2023 results, with sales increasing 3.3% and 3.1% year-over-year, respectively. Operating profit margin was 22.2% and 22.7%, with net earnings of $200 million and $839 million for the fourth quarter and full year, respectively. Non-GAAP adjusted net earnings were $215 million and $787 million. Operating cash flow was $263 million and $963 million for the fourth quarter and full year, respectively. President and CEO, Jennifer L. Honeycutt, expressed pride in the company's performance, citing a historic year with successful separation from Danaher and robust sales, earnings growth, and free cash flow generation. The company remains cautiously optimistic for 2024.
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Veralto Corporation (NYSE: VLTO) will webcast its quarterly earnings conference call for the fourth quarter 2023 on February 7, 2024. The call will cover financial performance for Q4 and full year 2023, as well as 2024 financial expectations. Access to the webcast, slide presentation, and conference call details will be available on Veralto's website. Earnings news release and related materials will be posted after market close on February 6, 2024.
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Trojan Technologies (TROJ) announced the sale of Salsnes Filter to the current and former members of the management team, making it a standalone entity. The transaction aims to provide Salsnes Filter with the opportunity to reinvest further in their solids separation filter technology to better serve the water treatment industry.
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FAQ

What does Veralto Corporation specialize in?

Veralto Corporation specializes in essential technology solutions focusing on water quality and product quality & innovation through industry-leading brands.

When did Veralto start trading as an independent company?

Veralto began trading as an independent publicly traded company on October 2, 2023, after separating from Danaher Corporation.

What are some of the key brands under Veralto's Water Quality segment?

Key brands under Veralto's Water Quality segment include Hach, Trojan Technologies, and ChemTreat.

Which brands are part of Veralto's Product Quality & Innovation segment?

The Product Quality & Innovation segment includes brands such as Videojet, Linx, Esko, X-Rite, and Pantone.

What is the Veralto Enterprise System (VES)?

The Veralto Enterprise System (VES) is a derivative of the Danaher Business System (DBS) and focuses on driving operational excellence across the organization.

What recent action did Veralto take regarding an unsolicited mini-tender offer?

Veralto recommended that shareholders reject TRC Capital Investment Corporation's unsolicited mini-tender offer, as the offer price was below the current market price of Veralto's shares.

What steps is Veralto taking to ensure transparency with its investors?

Veralto regularly webcasts its earnings conference calls and provides detailed financial performance updates on its official website in the 'Investors' section.

Who is the current President and CEO of Veralto Corporation?

Jennifer L. Honeycutt is the President and Chief Executive Officer of Veralto Corporation.

Where is Veralto Corporation headquartered?

Veralto Corporation is headquartered in Waltham, Massachusetts.

How many associates does Veralto Corporation have globally?

Veralto Corporation has a global team of 16,000 associates.

Veralto Corporation

NYSE:VLTO

VLTO Rankings

VLTO Stock Data

24.38B
246.85M
4.08%
95.59%
0.99%
Totalizing Fluid Meter and Counting Device Manufacturing
Manufacturing
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United States of America
WALTHAM