Veralto Corp Files Q2 2024 10-Q Report
Ticker: VLTO · Form: 10-Q · Filed: Jul 26, 2024 · CIK: 1967680
| Field | Detail |
|---|---|
| Company | Veralto CORP (VLTO) |
| Form Type | 10-Q |
| Filed Date | Jul 26, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
Veralto Corp's Q2 2024 10-Q is in. Check financials.
AI Summary
Veralto Corp filed its 10-Q for the period ending June 28, 2024, reporting on its financial performance. The company's fiscal year ends on December 31st, and this filing covers the second quarter of 2024. Key financial data and operational details are provided within the report.
Why It Matters
This 10-Q filing provides investors and analysts with crucial financial data for Veralto Corp, enabling informed decisions about the company's performance and future prospects.
Risk Assessment
Risk Level: low — This is a routine quarterly financial filing with no immediate red flags.
Key Numbers
- 2024 Q2 — Reporting Period (Covers the second quarter of fiscal year 2024)
- 1231 — Fiscal Year End (Indicates the company's fiscal year concludes on December 31st)
Key Players & Entities
- Veralto Corp (company) — Filer of the 10-Q
- 20240628 (date) — End of the reporting period
- 20240726 (date) — Filing date
- 3825 (dollar_amount) — Standard Industrial Classification code
FAQ
What is the specific revenue reported for the quarter ending June 28, 2024?
The provided text does not contain specific revenue figures for the quarter ending June 28, 2024.
What was Veralto Corp's net income for the second quarter of 2024?
The provided text does not include net income details for the second quarter of 2024.
Are there any significant changes in Veralto Corp's debt structure reported in this 10-Q?
The provided text does not detail changes in Veralto Corp's debt structure.
What are the main business segments of Veralto Corp as indicated in the filing?
The filing mentions 'vlto:segment1' and 'xbrli:pure' which may refer to business segments, but specific names are not detailed in the provided text.
When was Veralto Corp incorporated or established?
The provided text does not specify the incorporation date of Veralto Corp.
Filing Stats: 4,800 words · 19 min read · ~16 pages · Grade level 15.3 · Accepted 2024-07-25 17:35:52
Key Financial Figures
- $0.01 — ange on which registered Common stock, $0.01 par value VLTO New York Stock Exchange
Filing Documents
- vlto-20240628.htm (10-Q) — 1095KB
- vlto-20240628xexx311.htm (EX-31.1) — 10KB
- vlto-20240628xexx312.htm (EX-31.2) — 10KB
- vlto-20240628xexx321.htm (EX-32.1) — 5KB
- vlto-20240628xexx322.htm (EX-32.2) — 5KB
- vlto-20240628_g1.jpg (GRAPHIC) — 570KB
- 0001967680-24-000111.txt ( ) — 7227KB
- vlto-20240628.xsd (EX-101.SCH) — 37KB
- vlto-20240628_cal.xml (EX-101.CAL) — 46KB
- vlto-20240628_def.xml (EX-101.DEF) — 146KB
- vlto-20240628_lab.xml (EX-101.LAB) — 469KB
- vlto-20240628_pre.xml (EX-101.PRE) — 327KB
- vlto-20240628_htm.xml (XML) — 934KB
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION Item 1.
Financial Statements
Financial Statements Consolidated Condensed Balance Sheets 1 Consolidated and Combined Condensed Statements of Earnings 2 Consolidated and Combined Condensed Statements of Comprehensive Income 3 Consolidated and Combined Condensed Statements of Equity 4 Consolidated and Combined Condensed Statements of Cash Flows 5 Notes to Consolidated and Combined Condensed Financial Statements 6 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 19 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 32 Item 4.
Controls and Procedures
Controls and Procedures 32
- OTHER INFORMATION
PART II - OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 33 Item 1A.
Risk Factors
Risk Factors 33 Item 5. Other Information 33 Item 6. Exhibits 34
Signatures
Signatures 35 Table of Contents VERALTO CORPORATION CONSOLIDATED CONDENSED BALANCE SHEETS ($ in millions, except per share amount) (unaudited) June 28, 2024 December 31, 2023 ASSETS Current assets: Cash and cash equivalents $ 1,043 $ 762 Trade accounts receivable, less allowance for credit losses of $ 34 and $ 36 , respectively 803 826 Inventories: Finished goods 132 126 Work in process 43 42 Raw materials 137 129 Total inventories 312 297 Prepaid expenses and other current assets 175 188 Total current assets 2,333 2,073 Property, plant and equipment, net of accumulated depreciation of $ 481 and $ 472 , respectively 263 262 Other long-term assets 416 398 Goodwill 2,490 2,533 Other intangible assets, net 401 427 Total assets $ 5,903 $ 5,693 LIABILITIES AND EQUITY Current liabilities: Trade accounts payable $ 397 $ 431 Accrued expenses and other liabilities 793 834 Total current liabilities 1,190 1,265 Other long-term liabilities 426 410 Long-term debt 2,615 2,629 Equity: Preferred stock - $ 0.01 par value, as of June 28, 2024 and December 31, 2023, 15 million shares authorized as of both dates; and 0 shares issued and outstanding as of both dates — — Common stock - $ 0.01 par value, as of June 28, 2024 and December 31, 2023, 1.0 billion shares authorized as of both dates; and 247.1 million and 246.3 million shares issued and outstanding, respectively 2 2 Additional paid-in capital 2,150 2,157 Retained earnings 521 178 Accumulated other comprehensive loss ( 1,007 ) ( 954 ) Total Veralto equity 1,666 1,383 Noncontrolling interests 6 6 Total equity 1,672 1,389 Total liabilities and equity $ 5,903 $ 5,693 See the accompanying Notes to the Consolidated and Combined Condensed Financial Statements. 1 Table of Contents VERALTO CORPORATION CONSOLIDATED AND COMBINED CONDENSED STATEMENTS OF EARNINGS ($ and shares in millions, except per share amounts) (unaudited) Three-Month Period Ended Six-Month Period Ended June 2