Veralto reports Q1 non-GAAP EPS 84c, consensus 76c

Reports Q1 revenue $1.246B, consensus $1.23B. Jennifer L. Honeycutt, President and CEO, stated, “Our Q1 results reflect our culture of continuous improvement and demonstrate our ability to deliver on commitments. Year-over-year core sales growth was led by continued strength within industrial markets in our Water Quality segment, and aggregate price increases in-line with historical levels. Additionally, we delivered strong operating margin expansion and high-single digit earnings growth while continuing to invest in our future.” “In our Water Quality segment, we continue to see positive secular growth drivers across industrial markets, particularly in North America, along with steady demand at municipalities. And in our Product Quality and Innovation segment, we are seeing modest signs of recovery in consumer-packaged goods markets.” concluded Honeycutt.