Veralto

Q3 FY2026 EarningsFY26 Q3 results slightly exceeded revenue consensus with $1,509M vs. $1,497M expected, while Diluted EPS of $1.03 missed the normalized mean estimate of $1.09. Water Quality revenue grew 9.8% YoY, offsetting softer trends in Product Quality & Innovation. Operating margins were compressed to 19.7% (down 350bps YoY) primarily due to a $22M restructuring charge and a 260bps headwind from reduced tax indemnification. Despite margin pressure, strong price realization of +230bps and robust free cash flow support the ongoing $750M share repurchase program.