Veralto Third Quarter 2024 Earnings: EPS Beats Expectations

Simply Wall St · 10/25 15:17

Veralto (NYSE:VLTO) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$1.31b (up 4.7% from 3Q 2023).
  • Net income: US$219.0m (up 6.8% from 3Q 2023).
  • Profit margin: 17% (in line with 3Q 2023).
  • EPS: US$0.89 (up from US$0.83 in 3Q 2023).
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NYSE:VLTO Earnings and Revenue Growth October 25th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Veralto EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.9%.

Looking ahead, revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Commercial Services industry in the US.

Performance of the American Commercial Services industry.

The company's shares are down 6.4% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Veralto you should be aware of.