Veralto Corp Files Q3 2024 10-Q
Ticker: VLTO · Form: 10-Q · Filed: Oct 24, 2024 · CIK: 1967680
| Field | Detail |
|---|---|
| Company | Veralto CORP (VLTO) |
| Form Type | 10-Q |
| Filed Date | Oct 24, 2024 |
| Risk Level | medium |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, reporting
TL;DR
Veralto's Q3 10-Q is in: financials updated, business moving.
AI Summary
Veralto Corp filed its 10-Q for the period ending September 27, 2024. The filing details financial performance and operational updates for the third quarter. Key financial figures and business segment information are presented, reflecting the company's ongoing activities in its reporting period.
Why It Matters
This filing provides investors and analysts with the latest financial performance data for Veralto Corp, crucial for understanding the company's current health and future prospects.
Risk Assessment
Risk Level: medium — As a 10-Q filing, it contains detailed financial information that can reveal both positive and negative trends, impacting investment decisions.
Key Players & Entities
- Veralto Corp (company) — Filer of the 10-Q
- 2024-09-27 (date) — End of the reporting period
- 2024-10-24 (date) — Filing date
FAQ
What is Veralto Corp's primary business classification according to the SIC code?
Veralto Corp is classified under SIC code 3825, which pertains to Instruments for Measuring and Testing of Electricity and Electric Signals.
What is the fiscal year end for Veralto Corp?
Veralto Corp's fiscal year ends on December 31.
What is the SEC file number for Veralto Corp?
The SEC file number for Veralto Corp is 001-41770.
What period does this 10-Q filing cover?
This 10-Q filing covers the period ending September 27, 2024.
When was this 10-Q filing submitted to the SEC?
This 10-Q filing was submitted to the SEC on October 24, 2024.
Filing Stats: 4,809 words · 19 min read · ~16 pages · Grade level 16.4 · Accepted 2024-10-23 17:33:22
Key Financial Figures
- $0.01 — ange on which registered Common stock, $0.01 par value VLTO New York Stock Exchange
Filing Documents
- vlto-20240927.htm (10-Q) — 1204KB
- vlto-20240927xexx311.htm (EX-31.1) — 10KB
- vlto-20240927xexx312.htm (EX-31.2) — 10KB
- vlto-20240927xexx321.htm (EX-32.1) — 5KB
- vlto-20240927xexx322.htm (EX-32.2) — 5KB
- vlto-20240927_g1.jpg (GRAPHIC) — 570KB
- 0001967680-24-000137.txt ( ) — 7494KB
- vlto-20240927.xsd (EX-101.SCH) — 38KB
- vlto-20240927_cal.xml (EX-101.CAL) — 50KB
- vlto-20240927_def.xml (EX-101.DEF) — 157KB
- vlto-20240927_lab.xml (EX-101.LAB) — 418KB
- vlto-20240927_pre.xml (EX-101.PRE) — 299KB
- vlto-20240927_htm.xml (XML) — 1023KB
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION Item 1.
Financial Statements
Financial Statements Consolidated Condensed Balance Sheets 1 Consolidated and Combined Condensed Statements of Earnings 2 Consolidated and Combined Condensed Statements of Comprehensive Income 3 Consolidated and Combined Condensed Statements of Equity 4 Consolidated and Combined Condensed Statements of Cash Flows 6 Notes to Consolidated and Combined Condensed Financial Statements 7 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 21 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 34 Item 4.
Controls and Procedures
Controls and Procedures 34
- OTHER INFORMATION
PART II - OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 35 Item 1A.
Risk Factors
Risk Factors 35 Item 6. Exhibits 36
Signatures
Signatures 37 Table of Contents VERALTO CORPORATION CONSOLIDATED CONDENSED BALANCE SHEETS ($ in millions, except per share amounts) (unaudited) September 27, 2024 December 31, 2023 ASSETS Current assets: Cash and cash equivalents $ 1,267 $ 762 Trade accounts receivable, less allowance for credit losses of $ 35 and $ 36 , respectively 839 826 Inventories: Finished goods 145 126 Work in process 43 42 Raw materials 138 129 Total inventories 326 297 Prepaid expenses and other current assets 185 188 Total current assets 2,617 2,073 Property, plant and equipment, net of accumulated depreciation of $ 491 and $ 472 , respectively 261 262 Other long-term assets 445 398 Goodwill 2,539 2,533 Other intangible assets, net 401 427 Total assets $ 6,263 $ 5,693 LIABILITIES AND EQUITY Current liabilities: Trade accounts payable $ 424 $ 431 Accrued expenses and other liabilities 802 834 Total current liabilities 1,226 1,265 Other long-term liabilities 438 410 Long-term debt 2,639 2,629 Equity: Preferred stock - $ 0.01 par value, as of September 27, 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 September 27, 2024 and December 31, 2023, 1.0 billion shares authorized as of both dates; and 247.2 million and 246.3 million shares issued and outstanding, respectively 2 2 Additional paid-in capital 2,173 2,157 Retained earnings 717 178 Accumulated other comprehensive loss ( 938 ) ( 954 ) Total Veralto equity 1,954 1,383 Noncontrolling interests 6 6 Total equity 1,960 1,389 Total liabilities and equity $ 6,263 $ 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 Nine-Month Perio