Veralto Corp
For the period ended Jun 28, 2024. Filed Jul 26, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 28, 2024 · Filed Jul 26, 2024
VLTO$118.21+0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated and Combined Condensed Statements of Earnings
($ and shares in millions, except per share amounts)
| Three-Month Period Ended | Six-Month Period Ended | |||
|---|---|---|---|---|
| June 28, 2024 | June 30, 2023 | June 28, 2024 | June 30, 2023 | |
| Sales | $1,288 | $1,253 | $2,534 | $2,478 |
| Cost of sales | (514) | (529) | (1,013) | (1,046) |
| Gross profit | 774 | 724 | 1,521 | 1,432 |
| Operating costs: | ||||
| Selling, general and administrative expenses | (414) | (378) | (808) | (738) |
| Research and development expenses | (61) | (57) | (121) | (113) |
| Operating profit | 299 | 289 | 592 | 581 |
| Nonoperating income (expense): | ||||
| Other income (expense), net | 1 | (14) | (14) | (14) |
| Interest expense, net | (30) | — | (58) | — |
| Earnings before income taxes | 270 | 275 | 520 | 567 |
| Income taxes | (67) | (66) | (133) | (133) |
| Net earnings | $203 | $209 | $387 | $434 |
| Net earnings per common share: | ||||
| Basic | $0.82 | $0.85 | $1.57 | $1.76 |
| Diluted | $0.81 | $0.85 | $1.55 | $1.76 |
| Average common stock and common equivalent shares outstanding: | ||||
| Basic | 247.2 | 246.3 | 247.1 | 246.3 |
| Diluted | 249.3 | 246.3 | 249.1 | 246.3 |
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