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Veralto Corporation reports developments for a global water and product quality solutions company serving clean water, safe food and trusted essential goods markets. Its updates center on quarterly earnings, core sales, margins, cash flow, and segment demand across water analytics, water treatment, coding, packaging and color solutions.
Recurring company news also covers capital allocation, including completed acquisitions such as In-Situ and GlobalVision, share repurchases, cash dividends, and cost optimization programs tied to operating efficiency.
Veralto (NYSE: VLTO), a global leader in essential water and product quality solutions, has announced a quarterly cash dividend of $0.09 per share of its common stock. The dividend is payable on October 31, 2024 to shareholders of record as of the close of business on September 27, 2024. This decision was approved by Veralto's board of directors, demonstrating the company's commitment to returning value to its shareholders. Veralto, known for its dedication to Safeguarding the World's Most Vital Resources™, continues to maintain its dividend policy, which may be seen as a positive sign of financial stability and confidence in the company's future prospects.
Veralto (NYSE: VLTO) reported strong Q2 2024 results, with sales increasing 2.8% year-over-year to $1,288 million and non-GAAP core sales growth of 3.8%. The company's operating profit margin was 23.2%, while non-GAAP adjusted operating profit margin reached 24.0%. Net earnings were $203 million, or $0.81 per diluted common share, with non-GAAP adjusted net earnings at $213 million, or $0.85 per diluted share.
Veralto raised its full-year 2024 guidance, targeting low single-digit core sales growth and increasing its adjusted operating profit margin expansion target to ~75 basis points. The company also raised its adjusted diluted earnings per share guidance to $3.37-$3.45, up from $3.25-$3.34 previously.
Veralto (NYSE: VLTO), a global leader in essential water and product quality solutions, has appointed Vijay Sankaran to its board of directors. Sankaran, currently the Chief Technology Officer of Johnson Controls, will also serve on the board's audit committee. His extensive executive management and digital technology leadership experience is expected to bring valuable perspectives to Veralto's board.
Sankaran's background includes roles as CIO at TD Ameritrade, CTO at Ford Motor Company, and positions at James Martin & Company and Ernst & Young. He holds a B.S. in Mathematics and Computer Science from MIT and an MBA from Duke University. With Sankaran's addition, Veralto's board now comprises 12 directors, with nine being independent.
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.
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.
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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