Veralto sees Q4 EPS 79c-84c, consensus 76c

For the fourth quarter 2023, the Company anticipates that non-GAAP core sales will be flat to down low-single digits year-over-year due primarily to reduced demand for consumer-packaged goods impacting sales in its Product Quality and Innovation segment and continued demand weakness in China. The Company anticipates adjusted operating profit margin in the range of 23.5% to 24.5% and adjusted diluted earnings per share in the range of $0.79 to $0.84.