Tue, Feb 25, 9:46 PM (61 days ago)
Veralto Corporation (VLTO) reported its annual 10‐K filing, outlining its performance since separating from Danaher. The Company operates in two segments—Water Quality and Product Quality & Innovation—with total sales of approximately $5.2 billion, split ~60% recurring and 40% nonrecurring. Net earnings decreased slightly to ~$833 million, with diluted EPS at $3.34 due in part to higher operating expenses and standalone costs post-separation. Operating profit margins improved modestly, aided by core sales growth, favorable pricing actions, and cost savings on materials. The filing highlights significant acquisition activity in 2024 (e.g., TraceGains for ~$349 million) and strategic investments including an equity stake in Axine Water Technologies. Key risk factors include competitive pressures, regulatory compliance, cybersecurity, supply-chain disruptions, environmental liabilities, and integration challenges post-separation. The financial statements reflect detailed balance sheet and cash flow metrics, indicating strengthened liquidity with ~$1.1 billion in cash equivalents. The comprehensive disclosure also covers significant corporate governance, tax matters, and related party transactions, underscoring the complexities arising from the recent separation and future growth strategy in a challenging global market.