Veralto Corporation (NYSE:VLTO) released its third-quarter 2026 earnings on October 29, 2026, reporting total sales of $1,509 million for the quarter ended October 2, 2026, alongside raised full-year guidance.

Key Highlights

  • Sales of $1,509 million: Total sales increased 7.5% year-over-year, with non-GAAP core sales growth of 5.1%.
  • Net earnings of $253 million: Equating to $1.03 per diluted common share on a GAAP basis; non-GAAP adjusted net earnings were $290 million, or $1.18 per diluted common share.
  • Operating cash flow of $323 million: Non-GAAP free cash flow was $304 million for the quarter.
  • Four acquisitions year-to-date: The company deployed $1.1 billion on In-Situ, GlobalVision, Alfaa UV, and Cleanwater1 (as of October 28, 2026).
  • $550 million in share repurchases: Representing 2.4% of outstanding shares year-to-date as of October 28, 2026, calculated off shares outstanding as of February 13, 2026.
  • Full-year 2026 adjusted EPS guidance raised: Now $4.49 to $4.52 per share, up from the prior range of $4.35 to $4.43 per share.
  • Cost optimization savings lifted: Expected full-year 2026 savings from the Cost Optimization Program are now $10 to $15 million.

Veralto Reports Broad-Based Growth and Raises Full-Year 2026 Outlook

According to the filing, Veralto's third-quarter 2026 results reflected growth across both of its business segments. The company reported a GAAP operating profit margin of 19.7% and a non-GAAP adjusted operating profit margin of 25.6% for the quarter ended October 2, 2026. Water Quality segment core sales grew 6.4% in the quarter, with the filing noting that water treatment solutions grew double-digits driven by what the company described as favorable industrial trends in North America, including digital infrastructure investments, higher industrial production, and increasing need for water reuse solutions.

The Product Quality and Innovation (PQI) segment also saw its core sales growth rate increase sequentially, according to the filing, supported by steady demand in marking and coding and an acceleration in packaging and color. Year-to-date capital allocation included $1.1 billion deployed across four bolt-on acquisitions, with the Cleanwater1 acquisition closing on October 5, 2026, per the disclosure. The company also repurchased $550 million of shares year-to-date as of October 28, 2026.

For the fourth quarter of 2026, the company disclosed it anticipates non-GAAP core sales growth in the range of 5.5% to 6.5% year-over-year, with adjusted operating profit margin expected to be approximately 24.5%. Fourth-quarter adjusted diluted earnings per share guidance is in the range of $1.13 to $1.16. For the full year, non-GAAP core sales growth guidance was raised to 4.2% to 4.5%, up from a prior range of 4.0% to 4.5%, and free cash flow conversion guidance was raised to greater than 105% of GAAP net earnings, up from the prior guidance of greater than 100%. The filing notes that forward-looking statements, including guidance, are subject to the company's cautionary language and factors described in its regulatory filings.

What Was Disclosed

Veralto disclosed its Q3 2026 financial results, including sales of $1,509 million, GAAP net earnings of $253 million, and operating cash flow of $323 million, along with raised full-year 2026 adjusted EPS and free cash flow conversion guidance.