Veralto Corporation · VLTO · FY2025 Q1 · Calendar Q2 2025

Veralto starts 2025 with broad growth and record margin

The supplied analysis supports a constructive operating picture: essential water-quality and packaging offerings, recurring consumables and software, acquisitions, and operational initiatives are supporting growth and margins. The evidence is not sufficient for high confidence because tariff exposure, demand elasticity, and the sustainability of record margins remain open questions.

Reported After market closeNYSEIndustrials $23.63B market cap
80quality score

Earnings scorecard

Reported versus consensus
Reported EPS — Consensus $0.87
EPS surprise — Reported versus consensus
Reported revenue — Consensus $1.28B
Revenue surprise — Reported versus consensus

Market reaction

event-close to next-session close
Stock move +3.0% Event window
SPY move +0.0% Same window
Abnormal move +3.0% Stock minus SPY
Volume 1.9× Versus trailing sessions
Subsequent drift +5.6% Up to 20 sessions
VLTOSPY benchmark

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Transcript intelligence

What changed

Compared with the prior-quarter analysis, the current quarter adds reported Q1 growth and margin strength, a new U.S. Trojan facility, explicit tariff-mitigation actions, and the AQUAFIDES acquisition. Management maintained full-year EPS guidance and expanded the margin target, while the risk discussion shifted toward tariff effects, pricing elasticity, and whether Q1 benefited from pull-forward demand.

Guidance delta

Full-year 2025 EPS guidance was reaffirmed, while the margin target was expanded.

Key takeaways

  • Management described 7.8% core sales growth and a record 25% adjusted operating margin in Q1.
  • The company highlighted tariff mitigation, a new U.S. Trojan manufacturing facility, and portfolio additions including AQUAFIDES.
  • The central debate is whether pricing, recurring revenue, and operational improvements can offset tariff and demand risks.

Management priorities

  • Integrate TraceGains and AQUAFIDES while continuing the M&A pipeline.
  • Scale U.S. manufacturing and accelerate Trojan plant utilization.
  • Expand water analytics, UV treatment, packaging software, and continuous-improvement initiatives.

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Earnings History

Estimate Beat Miss Match
VLTO EPS earnings history estimate and actual scatter chart 9 reported fiscal quarters and 4 future estimate-only quarters. Q1 '24 estimate $0.76 Q1 '24 actual $0.84, beat Q2 '24 estimate $0.80 Q2 '24 actual $0.85, beat Q3 '24 estimate $0.85 Q3 '24 actual $0.89, beat Q2 '25 estimate $0.88 Q2 '25 actual $0.93, beat Q3 '25 estimate $0.95 Q3 '25 actual $0.99, beat Q4 '25 estimate $0.98 Q4 '25 actual $1.04, beat Q1 '26 estimate $1.00 Q1 '26 actual $1.07, beat Q2 '26 estimate $1.01 Q2 '26 actual $1.11, beat Q3 '26 estimate $1.09 Q4 '26 estimate $1.13 Q1 '27 estimate $1.15 Q2 '27 estimate $1.14
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Analyst Consensus ?

ConsensusHold13 ratings
Bullish646.2%
Neutral753.8%
Bearish00.0%

Analyst 52W Price Targets

$96.93Current
$102Low
$108.88Average
$119High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 12, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
UBS Neutral NeutralMaintainOct 5, 2026
Stifel Buy BuyMaintainJul 30, 2026
RBC Capital Sector Perform Sector PerformMaintainJul 30, 2026
Citigroup Neutral NeutralMaintainJul 30, 2026
BNP Paribas Outperform OutperformMaintainJul 30, 2026
Barclays Overweight OverweightMaintainJul 30, 2026
Jefferies Hold BuyDowngradeDec 10, 2025
BMO Capital Outperform OutperformMaintainNov 25, 2025
Baird Neutral NeutralMaintainJul 30, 2025
TD Cowen Hold HoldMaintainJul 30, 2024
Goldman Sachs Buy BuyMaintainJul 29, 2024
Deutsche Bank Hold HoldMaintainJul 29, 2024
Vertical Research Buy HoldUpgradeOct 16, 2023
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Named analyst price targets

Upside is calculated against the persisted current price $96.93. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
UBSAnalyst unavailable$106$94.68 +9.4%Oct 5, 2026
UBSAnalyst unavailable$104$94.18 +7.3%Jul 30, 2026
Robert W. BairdAnalyst unavailable$111$95.21 +14.5%Jul 30, 2026
RBC CapitalAnalyst unavailable$109$94.8 +12.5%Jul 30, 2026
Stifel NicolausAnalyst unavailable$114$98.83 +17.6%Jul 30, 2026
Stifel NicolausAnalyst unavailable$111$93.81 +14.5%Jul 20, 2026
Wolfe ResearchAnalyst unavailable$109$92.12 +12.5%Jul 9, 2026
Robert W. BairdMichael Halloran$103$89.47 +6.3%Apr 30, 2026
BarclaysAnalyst unavailable$113$89.47 +16.6%Apr 30, 2026
Stifel NicolausNathan Jones$110$90.85 +13.5%Apr 14, 2026
BMO CapitalAnalyst unavailable$108$92.81 +11.4%Feb 11, 2026
UBSJoshua Spector$102$91.7 +5.2%Feb 6, 2026
Stifel NicolausNathan Jones$118$90.35 +21.7%Feb 5, 2026
RBC CapitalDeane Dray$102$89 +5.2%Feb 5, 2026
Robert W. BairdMichael Halloran$108$91.41 +11.4%Feb 5, 2026
BarclaysWilliam Grippin$117$91.41 +20.7%Feb 5, 2026
JefferiesAnalyst unavailable$105$98.34 +8.3%Dec 10, 2025
BMO CapitalAnalyst unavailable$114$103.64 +17.6%Nov 25, 2025
RBC CapitalAnalyst unavailable$111$100.26 +14.5%Oct 30, 2025
BarclaysAnalyst unavailable$121$99.5 +24.8%Oct 30, 2025
BarclaysWilliam Grippin$119$107.14 +22.8%Oct 6, 2025
BarclaysAnalyst unavailable$120$107.06 +23.8%Sep 18, 2025
Stifel NicolausAnalyst unavailable$120$105.78 +23.8%Jul 30, 2025
BMO CapitalJohn McNulty$119$110.46 +22.8%Sep 30, 2024
BMO CapitalJohn McNulty$117$106.28 +20.7%Jul 29, 2024
Stifel NicolausNathan Jones$117$104.87 +20.7%Jul 29, 2024
Robert W. BairdMichael Halloran$112$106.23 +15.5%Jul 29, 2024
RBC CapitalDeane Dray$108$106.25 +11.4%Jul 29, 2024
Argus ResearchJohn Eade$110$97.27 +13.5%May 7, 2024
BMO CapitalJohn McNulty$101$92.4 +4.2%Apr 25, 2024
RBC CapitalDeane Dray$101$92.4 +4.2%Apr 25, 2024
Goldman SachsBrian Lee$104$89.46 +7.3%Mar 22, 2024
RBC CapitalDeane Dray$78$70.74 -19.5%Nov 3, 2023
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Company context

Snapshot as of publication

Veralto Corporation is a global provider specializing in critical solutions across water quality management, brand protection, and packaging aesthetics. Its operations are structured into two primary divisions: Water Quality (WQ) and Product Quality & Innovation (PQI). The WQ segment delivers advanced instrumentation and treatment technologies designed for the precise measurement, analysis, and purification of water. These solutions cater to a broad spectrum of applications, from residential and commercial settings to municipal systems, industrial processes, research facilities, and natural environments. Esteemed brands like Hach, Trojan Technologies, and ChemTreat fall under this segment, which also supplies essential chemical reagents, support services, and digital tools for comprehensive water management. The PQI segment focuses on enhancing product integrity and brand appeal.…

Historical context

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2025-04-17T05:55:05.676865+00:00
  3. Polygon adjusted daily market bars · 2026-10-12T04:40:43.100707+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-12T04:40:43.097909+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-10-12. For educational purposes only; not investment advice.