Veralto reported second-quarter 2026 results with sales of $1,474 million and net earnings of $241 million, or $0.98 per diluted share. On a non-GAAP adjusted basis, the company posted adjusted net earnings of $274 million, or $1.11 per diluted share, and an adjusted operating profit margin of 24.6%. Veralto generated $340 million of operating cash flow and $328 million of non-GAAP free cash flow for the quarter.

Financial Highlights

  • Revenue: Sales of $1,474 million for the three-month period ended July 3, 2026 (up 7.6% year-over-year).
  • Gross profit: Gross profit of $902 million for the quarter (GAAP figure reported).
  • Operating income: Operating profit of $315 million; GAAP operating profit margin 21.4%.
  • Net income: Net earnings of $241 million, or $0.98 per diluted common share.
  • Adjusted results (non-GAAP): Adjusted operating profit $363 million (24.6% margin) and adjusted net earnings $274 million, or $1.11 per diluted common share.

Business Highlights

  • Core sales growth: Non-GAAP core sales growth of 4.2% year-over-year; Water Quality core sales growth of 5.7% and Product Quality & Innovation core growth of 2.0%.
  • Segment momentum: Sequential acceleration in both Water Quality and Product Quality & Innovation, with Water Quality led by industrial water treatment, water reuse and environmental monitoring demand.
  • Strategic M&A and product activity: Continued bolt-on acquisitions including In-Situ, GlobalVision and Alfaa UV to enhance portfolio capability and growth profile.
  • Capital allocation: Opportunistic share repurchases and disciplined capital allocation alongside increased free cash flow conversion guidance (>100% of GAAP net earnings).
  • Guidance: Raised full-year non-GAAP core sales growth to 4.0%–4.5% and increased adjusted diluted EPS guidance to $4.35–$4.43, which includes a $0.05 per share benefit from IEEPA tariff refunds received in Q2.

Original SEC Filing:

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