Veralto raises 2024 adjusted EPS outlook to $3.25-$3.34 as Q1 sales rise 1.8%
Veralto reported first-quarter 2024 sales of $1,246 million, up 1.8% from a year earlier, and adjusted diluted EPS of $0.84 versus $0.78 a year earlier. The company raised its full-year 2024 adjusted diluted EPS target to $3.25 to $3.34 from $3.20 to $3.30, which benefits shareholders, although GAAP diluted EPS fell to $0.74 from $0.91.
- Q1 2024 sales $1,246 million, up 1.8% year over year; non-GAAP core sales growth 1.8%
- GAAP net earnings $184 million, or $0.74 per diluted share, versus $225 million, or $0.91, a year earlier
- Adjusted diluted EPS $0.84 versus $0.78; includes a $15 million loss on disposition of certain product lines
- Full-year 2024 adjusted diluted EPS target raised to $3.25 to $3.34; Q2 2024 adjusted diluted EPS expected at $0.75 to $0.80