Veralto Corporation

What does Veralto own?
Veralto owns a portfolio of brands across two segments. Water Quality brands include Hach, Trojan Technologies, ChemTreat, OTT HydroMet, Sea-Bird Scientific, and McCrometer. Product Quality and Innovation brands include Videojet, Linx, Esko, X-Rite, Pantone, and TraceGains. The company operates all of its brands directly.

Is Veralto publicly traded?
Yes. Veralto trades on the New York Stock Exchange under the ticker symbol VLTO. The company was spun off from Danaher Corporation in October 2023 and began independent trading on October 2, 2023. Danaher shareholders received one Veralto share for every three Danaher shares held.

Who founded Veralto?
Veralto was not founded by an individual. It was created in October 2023 as a spin-off from Danaher Corporation. The businesses that comprise Veralto, including Hach (acquired by Danaher in 1999), Trojan Technologies (2004), and Videojet (2014), had been part of Danaher's Environmental and Applied Solutions segment.

Where is Veralto headquartered?
Veralto is headquartered in Waltham, Massachusetts, USA. The company established its headquarters following the spin-off from Danaher in 2023.

How many brands does Veralto own?
Veralto owns more than 12 brands across its two segments. Water Quality brands include Hach, Trojan Technologies, ChemTreat, OTT HydroMet, Sea-Bird Scientific, and McCrometer. Product Quality and Innovation brands include Videojet, Linx, Esko, X-Rite, Pantone, and TraceGains.

Who is Veralto's CEO?
Jennifer L. Honeycutt serves as President and CEO. She led Veralto through its spin-off from Danaher and has driven the company to all-time highs in sales, adjusted EPS, and free cash flow in 2025.

What is Veralto's revenue?
For fiscal year 2025, Veralto reported sales of $5.5 billion, up 6.0 percent year-over-year. Adjusted net earnings were $977 million, or $3.90 per diluted share. In Q2 2026, sales increased 7.6 percent to $1.47 billion. The company raised its full-year 2026 adjusted EPS guidance to $4.35 to $4.43.

How is Veralto related to Danaher?
Veralto was spun off from Danaher Corporation in October 2023. Danaher shareholders received one Veralto share for every three Danaher shares held. The businesses that now comprise Veralto were previously part of Danaher's Environmental and Applied Solutions segment. Veralto continues to use a version of Danaher's operational improvement methodology, now called the Veralto Enterprise System (VES).

Veralto was created on October 2, 2023, when Danaher Corporation completed the spin-off of its Environmental and Applied Solutions segment. Danaher shareholders received one share of Veralto common stock for every three shares of Danaher stock held. The spin-off was designed to allow both companies to focus on their respective markets and operational priorities. Danaher retained its life sciences and diagnostics businesses, while Veralto took the environmental and applied solutions operations.

The businesses that now comprise Veralto had been part of Danaher for varying periods. Hach, a water analytics company, was acquired by Danaher in 1999. Trojan Technologies, a UV water treatment company, was acquired in 2004. Videojet, a product identification and coding company, was acquired in 2014. X-Rite, a color management company, was acquired in 2012. Esko, a packaging and print management company, was acquired in 2011. These businesses benefited from Danaher's operational improvement methodology, the Danaher Business System, which Veralto continued under the name Veralto Enterprise System (VES) following the spin-off.

Following the spin-off, Veralto established its headquarters in Waltham, Massachusetts. The company began reporting independent financial results in the fourth quarter of 2023. In its first full year as an independent company (2024), Veralto generated $5.19 billion in sales and $833 million in net earnings.

In 2025, Veralto delivered strong results. Total sales grew 6.0 percent to a record $5.5 billion, with non-GAAP core sales growth of 4.7 percent. Adjusted operating profit margin was 24.3 percent, and adjusted EPS increased 10 percent to $3.90, marking the company's second consecutive year of double-digit EPS growth. Free cash flow exceeded $1 billion, with conversion exceeding 100 percent of net earnings.

Veralto made several strategic acquisitions in 2025 and 2026. The company acquired TraceGains, a supplier of source-to-shelf workflow solutions for the food and beverage industry. It also completed the acquisition of AQUAFIDES, a water treatment solutions provider, and announced the acquisition of In-Situ, a water monitoring company, in Q4 2025 (completed in Q1 2026). Both acquisitions strengthen Veralto's Water Quality portfolio. The company divested slower-growth assets to enhance its portfolio quality.

Veralto announced an 18 percent increase in its dividend and authorized a $750 million share repurchase program in 2025, while maintaining a strong balance sheet with low leverage.

In Q1 2026, Veralto reported sales of $1.42 billion, up 6.7 percent year-over-year, with adjusted operating profit margin of 25.1 percent. In Q2 2026, sales increased 7.6 percent to $1.47 billion. The company's Q2 2026 results included benefits from recoveries of tariffs previously collected under the International Emergency Economic Powers Act (IEEPA), approximately $0.05 per share.

Veralto's corporate purpose is "Safeguarding the World's Most Vital Resources." The company's business is inherently sustainability-oriented: its Water Quality segment helps customers deliver clean water, and its Product Quality and Innovation segment helps customers ensure safe food and trusted essential goods.

In 2025, Veralto was recognized by the Wall Street Journal as one of the 250 Best-Managed Companies. This assessment-based recognition evaluates customer satisfaction, employee engagement, innovation, social responsibility, and financial strength.

Veralto publishes an annual sustainability report. The company has committed to reducing its environmental footprint through operational efficiency, renewable energy adoption, and waste reduction. Its products help customers reduce their own environmental impact by improving water quality, reducing packaging waste, and optimizing production processes.

The company's approach to capital allocation includes disciplined investment in growth, strategic bolt-on acquisitions, and returning capital to shareholders. Veralto announced an 18 percent dividend increase and a $750 million share repurchase program in 2025 while maintaining low leverage.

• Wall Street Journal 250 Best-Managed Companies (2025), recognizing customer satisfaction, employee engagement, innovation, social responsibility, and financial strength
• All-time highs in sales, adjusted EPS, and free cash flow in 2025, marking the company's second consecutive year of double-digit EPS growth

Veralto has faced limited controversy since becoming an independent public company in 2023. The company operates in regulated industries, including water quality standards and product safety regulations, but has not been the subject of major regulatory enforcement actions.

The company's Q2 2026 results included approximately $0.05 per share in benefits from recoveries of tariffs previously collected under the International Emergency Economic Powers Act (IEEPA). These tariff refunds were related to trade policy changes and were disclosed transparently in the company's earnings release.

Veralto's acquisition strategy has drawn minimal regulatory scrutiny. The TraceGains, AQUAFIDES, and In-Situ acquisitions were completed without regulatory challenges, as these were bolt-on deals that did not raise antitrust concerns.

As a former Danaher subsidiary, Veralto inherited some of Danaher's historical regulatory matters, but no material legacy issues have been disclosed in Veralto's SEC filings.