Valuation
Valuation
Balance Sheet
Debt
Dividend
Profitability
Income
Investment
Visu uses AI to transform SEC filings and press releases into accurate summaries of earnings and key company events.
Veralto Appoints New Chief Legal Officer Kimberly Y. Chainey
Veralto Corporation has announced the appointment of Kimberly Y. Chainey as Senior Vice President and Chief Legal Officer, effective December 1, 2025. Chainey brings over 20 years of legal experience from her previous role at AptarGroup, where she managed global legal affairs. Her background includes significant positions at Panasonic Avionics, Avis Budget Group, and The Hershey Company, making her well-equipped to support Veralto's commitment to public safety and compliance in essential technology solutions.
As part of her compensation package, Chainey will receive an annual base salary of $600,000, a target bonus of 75% of her salary, and a one-time cash award of $400,000. Additionally, she will be granted equity awards valued at $3.5 million and $1 million, with vesting schedules tied to performance and tenure. This strategic appointment is aimed at enhancing Veralto's legal framework as it continues to grow and address complex global challenges in water and product quality solutions.
linkNov 03, 2025 08:15:24
Veralto Reports Third Quarter 2025 Financial Results and Guidance
Veralto Corporation announced its financial results for the third quarter ending October 3, 2025, reporting a 6.9% increase in sales year-over-year, totaling $1,404 million. The company achieved a net earnings of $239 million, or $0.95 per diluted share, with adjusted net earnings of $247 million, or $0.99 per diluted share. Operating profit margin stood at 23.2%, while non-GAAP adjusted operating profit margin was 23.9%. The operating cash flow for the quarter was $270 million, with non-GAAP free cash flow amounting to $258 million. Veralto noted consistent customer demand and a strengthened financial position, allowing for potential investments in growth opportunities.
For the fourth quarter of 2025, Veralto anticipates low-single-digit growth in non-GAAP core sales and adjusted diluted earnings per share in the range of $0.95 to $0.98. The company has raised its full-year adjusted earnings per share guidance to between $3.82 and $3.85, up from $3.72 to $3.80. This guidance reflects expectations of mid-single-digit core sales growth and operating profit margin expansion. Veralto also raised its full-year free cash flow conversion guidance to approximately 100%.
linkOct 28, 2025 16:31:04
Veralto Announces Departure of Chief Legal Officer Sylvia Stein
Veralto Corporation announced that Sylvia A. Stein will leave her position as Senior Vice President and Chief Legal Officer on October 31, 2025. Her departure is not linked to any disagreements regarding accounting or financial practices. To ensure a smooth transition, Stein will continue in her role until the end of October and will then serve in a transitional capacity until January 2, 2026.
During the Transition Period, Stein will maintain her regular salary and benefits, and her equity awards will continue to vest. Upon her departure, she is entitled to her annual target incentive compensation for fiscal year 2025 and separation payments, contingent on fulfilling specific obligations outlined in the company's severance plan. No new compensation agreements are being established related to her exit.
linkAug 07, 2025 17:04:38
Veralto Reports Second Quarter 2025 Financial Results and Guidance
Veralto Corporation announced its financial results for the second quarter of 2025, reporting a 6.4% increase in sales year-over-year, totaling $1,371 million. The company achieved a net earnings of $222 million, or $0.89 per diluted share, with non-GAAP adjusted net earnings reaching $232 million, or $0.93 per diluted share. Operating profit margins stood at 22.8%, and operating cash flow was reported at $339 million, with non-GAAP free cash flow at $323 million. The company noted strong commercial execution and steady customer demand as key drivers of performance.
Veralto has raised its full-year guidance for adjusted earnings per share to a range of $3.72 to $3.80, up from the previous range of $3.60 to $3.70. The company expects mid-single-digit growth in non-GAAP core sales for the third quarter, with adjusted diluted earnings per share projected between $0.91 and $0.95. Veralto also anticipates continued expansion in its adjusted operating profit margin and aims for free cash flow conversion to remain between 90% and 100%.
linkJul 28, 2025 16:31:03