Veralto (VLTO) FY2024 10-K Annual Report
Veralto (VLTO) 10-K annual report for fiscal year 2024, filed with SEC EDGAR on Feb 25, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Veralto FY2024 10-K Analysis
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
Veralto FY2024 Key Financial MetricsXBRL
Revenue
$5.2B
▲ +3.4% YoY
Net Income
$833M
▼ -0.7% YoY
Gross Margin
59.8%
▲ +201bp YoY
Operating Margin
23.3%
▲ +56bp YoY
Net Margin
16.0%
▼ -67bp YoY
ROE
40.9%
▼ -1979bp YoY
Total Assets
$6.4B
▲ +12.5% YoY
EPS (Diluted)
$3.34
▼ -1.8% YoY
Operating Cash Flow
$875M
▼ -9.1% YoY
Source: XBRL data from Veralto FY2024 10-K filing on SEC EDGAR. All figures in USD.
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