VLTO · 10-Q · 2026Q2

Veralto Corp

Filed 2026-04-29 · Industrials

Ranked Events

• Comprehensive Income / FX TranslationImportance 79 · Surprise 82
  Comprehensive income declined by $64 million for the three months ended April 3, 2026 primarily due to foreign currency translation losses; the Company recorded translation losses of $47 million in the quarter versus…
• Acquisition / Partnership / DivestitureImportance 79 · Surprise 92
  On January 22, 2026 Veralto completed the acquisition of In-Situ, Inc. for approximately $426 million in cash, net of cash acquired; In-Situ will be integrated into the Water Quality segment. Subsequent to the quarter,…
• Capital Return ProgramImportance 78 · Surprise 82
  During the three months ended April 3, 2026 Veralto repurchased $300 million of common stock under its share repurchase program and paid $32 million of dividends (regular quarterly dividend of $0.13 per share declared…
• Outstanding Indebtedness and InterestImportance 61 · Surprise 50
  The Company recorded net interest expense of $24 million and $27 million for the three-month periods ended April 3, 2026 and April 4, 2025, respectively, arising from outstanding indebtedness that was incurred in…
• Liquidity and Cash PositionImportance 58 · Surprise 24
  As of April 3, 2026, Veralto held approximately $1.4 billion of cash and cash equivalents, of which about $175 million was held in the United States and approximately $1,256 million was held outside the United States.…
• Water Quality SegmentImportance 57 · Surprise 32
  Management expects Water Quality to experience global growth driven by municipal and industrial secular drivers and disciplined commercial execution, benefiting from recurring revenue from a large installed base.…
• Income Tax Rate ChangesImportance 54 · Surprise 50
  The Company’s effective tax rate was 20.9% for the three months ended April 3, 2026 compared to 22.1% in the prior-year quarter, driven principally by geographic mix and the favorable impact of tax law changes under…
• Geographic Market CommentaryImportance 52 · Surprise 56
  Within Water Quality, geographic growth was concentrated in North America (+7.9%) and Western Europe (+20.6%) for the quarter, while high‑growth markets increased 7.7%. At the consolidated level, developed market sales…
• Input Cost and Pricing ActionsImportance 44 · Surprise 32
  Management reports that price increases contributed 1.9% to consolidated sales growth for the quarter and were incorporated into core sales growth metrics. Price increases also contributed to segment results, with…
• Operating Expense and Profit DriversImportance 44 · Surprise 32
  SG&A expense was $448 million for the quarter and R&D was $68 million, each representing 31.5% and 4.8% of sales respectively, both unchanged as a percentage of sales versus prior year. Operating profit margin fell to…
• Gross Margin DriversImportance 44 · Surprise 32
  Cost of sales increased $41 million (7.8%) year-over-year in the quarter ended April 3, 2026, driven primarily by higher labor costs. Gross profit margin decreased by 30 basis points to 60.1% versus 60.4% in the…
• Products and TechnologyImportance 41 · Surprise 24
  The company emphasizes a large installed base of instruments that drive ongoing consumables and software sales to customers in municipal utilities, food and beverage, pharmaceutical and industrial markets. This…
• Revenue Performance and MixImportance 36 · Surprise 14
  Total reported sales were $1,422 million for the three months ended April 3, 2026, a 6.7% increase versus the comparable period in 2025. Core sales (ex-currency and acquisitions/divestitures) grew 1.9% year-over-year…
• Product Quality & Innovation SegmentImportance 34 · Surprise 32
  Product Quality & Innovation (PQI) segment total sales increased 1.7% year-over-year for the quarter ended April 3, 2026, while core sales declined 1.0% versus the comparable period. Price increases contributed ~2.0%…
• Contractual ObligationsImportance 25 · Surprise 6
  The MD&A directs investors to Notes 8, 12, 15 and 16 of the audited consolidated financial statements in the 2025 Annual Report on Form 10-K for descriptions of the Company’s debt and lease obligations, commitments,…
• Critical Accounting EstimatesImportance 6 · Surprise 6
  The Company states there have been no material changes to its critical accounting estimates as described in the 2025 Annual Report on Form 10-K. This declaration covers the period up through the MD&A (reflecting…

Revenue by Product (in millions)

Revenue by Geography (in millions)