Short answer
Veralto (VLTO) filed its fiscal 2024 10-K annual report with the SEC on Feb 25, 2025. It reported revenue of $5.2B (+3.4% year over year) and net income of $833M.
- Top risk flagged: Indemnification liability risk with significant deductible on director/officer insurance coverage potentially exceeding insured amounts
FY2024 key financial metrics · XBRL
- Revenue
- $5.2B
- +3.4% YoY
- Net income
- $833M
- −0.7% YoY
- Operating margin
- 23.3%
- +0.6 pp YoY
- Gross margin
- 59.8%
- +2.0 pp YoY
- EPS (diluted)
- $3.34
- −1.8% YoY
- ROE
- 40.9%
- −19.8 pp YoY
- Operating cash flow
- $875M
- −9.1% YoY
Source: XBRL data from the Veralto (VLTO) FY2024 10-K on SEC EDGAR. USD.
Veralto FY2024 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: global industrial and consumer product sales with geographic and industry diversity
- Emphasis on acquisitions, investments, strategic partnerships to drive innovation and higher margin products
- Geographic sales growth shift: developed markets up 4.6% with North America +5.9%, high-growth markets flat due to China sales declines
- Net earnings $833M, down 0.7% YoY due to higher operating expenses and standalone public company costs post-Danaher separation
- Expanded focus on Water Quality and Product Quality & Innovation segments with growth expected in North America and consumer packaged goods
Risk Factors
- Indemnification liability risk with significant deductible on director/officer insurance coverage potentially exceeding insured amounts
- Goodwill impairment sensitivity with reporting unit fair values 144%-783% above carrying value after hypothetical 10% valuation decrease
- Operational integration risk from recent acquisitions as reporting units present highest goodwill impairment exposure
- Market-based goodwill valuation reliant on forecasted EBITDA multiples and peer transaction comparability introducing estimation uncertainty
- No mention of specific regulatory, geopolitical, competitive or financial concentration risks detailed in text provided
Generated from the filing text; verify against the original. How to read a 10-K
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