Veralto reports Q4 non-GAAP EPS 87c, consensus 81c

Reports Q4 revenue $1.288B, consensus $1.25B. Jennifer L. Honeycutt, President and CEO, stated, “2023 was a historic year for Veralto as we successfully executed our separation from Danaher and delivered a record level of sales, high-single digit earnings growth and strong free cash flow in a dynamic macro-economic environment. I’m proud of our team for their resilient effort to grow and improve our business, support our customers and help ensure the safety of global water, food and medicine supply chains.” Honeycutt continued, “We finished 2023 with a strong fourth quarter delivering core sales growth in both segments, solid operating margin expansion and robust free cash flow generation. From an end market perspective, we saw continued growth across industrial markets in our Water Quality segment and early signs of stabilization in consumer-packaged goods markets in our Product Quality & Innovation segment during the fourth quarter.”