Veralto Corp
veralto.comWhat Do They Do?
Provides water-testing and treatment products and services to utilities and industrial customers, and marking, coding and packaging solutions to consumer-goods, food and pharmaceutical companies.
10-K for FY2025, filed Feb 20, 2026Our Water Quality segment provides one of the most comprehensive portfolios of water analytics, and differentiated water treatment…View ↗
Hach, the best known of our global brands in the WQ segment, recognized for simple and reliable tests, offers analytical measurement…View ↗
Our Product Quality & Innovation segment provides a broad set of essential solutions that brand owners in consumer packaged goods (“CPG”)…View ↗
Videojet, our largest operating company within PQI, and Linx offer technologies that mark and code packaged goods and related consumables.…View ↗
How Do They Make Money?
Customers buy equipment, consumables and point-in-time software licenses in individual sales; equipment and consumables are counted when shipped or delivered. Extended warranties and services are counted over their contract term.
10-K for FY2025, filed Feb 20, 2026Revenue Recognition—The Company derives revenues primarily from the sale of Water Quality and Product Quality & Innovation products and…View ↗
Product returns, customer allowances and rebates are estimated based on historical experience and known trends. For extended warranty and…View ↗
The Company sells equipment to customers as well as consumables and services, some of which customers purchase on a recurring basis.…View ↗
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10-K for FY2025, filed Feb 20, 2026
FY2025 revenue by product or service ↗
$5.5B
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10-K for FY2025, filed Feb 20, 2026
$5.5B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Recurring
|
61%
FY2022: 59%
|
Recurring, FY2025
$3.4B Sources
|
|
|
Nonrecurring
Mix
10-K for FY2025, filed Feb 20, 2026 |
39%
FY2022: 41%
|
Nonrecurring, FY2025
$2.1B Sources
|
Mix |
Who Are Their Customers?
Utilities and industrial operators buy water products, while consumer-goods, food, beverage and pharmaceutical companies buy product-quality solutions. Sales are made through subsidiaries, directly, or through representatives and distributors.
10-K for FY2025, filed Feb 20, 2026Our Water Quality segment provides one of the most comprehensive portfolios of water analytics, and differentiated water treatment…View ↗
Our Product Quality & Innovation segment provides a broad set of essential solutions that brand owners in consumer packaged goods (“CPG”)…View ↗
Veralto distributes approximately 18% of its technology and equipment products through third-party distributors. No individual customer…View ↗
The manner in which Veralto’s products and services are sold outside the United States differs by business and by region. Most of Veralto’s…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 17 cents of every revenue dollar as net income in FY2025 and turned 18 cents into free cash flow.
10-K for FY2025, filed Feb 20, 2026
$1.3BView ↗
10-K for FY2025, filed Feb 20, 2026
$940MView ↗
10-K for FY2025, filed Feb 20, 2026
$1BView ↗
How Are They Changing?
10-Q for Q2 FY2026, filed Jul 29, 2026
Open tableView ↗
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Jul 28, 2026
Named bolt-on acquisitions and raised full-year guidance
The CEO cited In-Situ, GlobalVision and Alfaa UV; core sales growth guidance rose to 4.0% to 4.5%, and adjusted earnings guidance to $4.35 to $4.43 per share.
Sources
8-K, filed Jul 28, 2026
For the full year 2026, the Company raised its non-GAAP core sales growth to a range of 4.0% to 4.5% year-over-year, up from the prior…View ↗
Growing. Revenue grew 17% in 4 years, from $4.7B in FY2021 to $5.5B in FY2025, about 4% a year.
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