greeksoup/ stock research
Stock research / United States / VLTO / Q1 FY2023

Veralto (VLTO) Q1 FY2023 earnings: revenue $1.2 billion

Veralto Corp. (VLTO) reported revenue of $1.2 billion for Q1 FY2023, the quarter ended 31 March 2023. Net income was $225 million, and diluted earnings per share $0.91. The figures are the company's own, from the 10-Q it filed with the SEC on 24 April 2024.

Revenue
$1.2 billion
+0.5% on the quarter
Q3 FY2022Q1 FY2023
Operating margin
23.8%
Q3 FY2022Q1 FY2023
Net income
$225 million
+3.2% on the quarter
Q3 FY2022Q1 FY2023
Diluted EPS
$0.91
+2.2% on the quarter
Q3 FY2022Q1 FY2023

this quarterthe same quarter a year earlierHover a bar for its figure.

Income statement (profit and loss)

$ millionQ1 FY2023Q3 FY2022A year earlierOn the quarterOn the yearLast 8 quarters
Revenue1,2251,219n/a+0.5%
Cost of revenue517525n/a-1.5%
Gross profit708694n/a+2.0%
Gross margin57.8%56.9%n/a
Research and development56.052.0n/a+7.7%
Selling, general and administrative360357n/a+0.8%
Operating income292285n/a+2.5%
Operating margin23.8%23.4%n/a
Interest expense0.00.0n/a
Pre-tax income292285n/a+2.5%
Income tax67.067.0n/a0.0%
Effective tax rate22.9%23.5%n/a
Net income225218n/a+3.2%
Net margin18.4%17.9%n/a
Diluted EPS$0.91$0.89n/a+2.2%
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionQ1 FY2023Q3 FY2022A year earlierOn the quarterOn the yearLast 8 quarters
Operating cash flow156n/an/a
Capital expenditure9.0n/an/a
Free cash flow147n/an/a
Free cash flow margin12.0%n/an/a
Cash from investing-9.0n/an/a
Cash from financing-147n/an/a
Depreciation and amortisation22.0n/an/a
Share-based compensation9.08.0n/a+12.5%
Dividends paid0.0n/an/a
Diluted shares, weighted246m246mn/a0.0%
Shares outstanding at period end247m0n/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ millionQ1 FY2023Q3 FY2022A year earlierOn the quarterOn the yearLast 8 quarters
Cash and equivalents0.00.0n/a

Questions

What was Veralto's revenue in Q1 FY2023?

Veralto (VLTO) reported revenue of $1.2 billion for Q1 FY2023, the quarter ended 31 March 2023.

How much did Veralto earn in Q1 FY2023?

Net income for Q1 FY2023 was $225 million, and diluted earnings per share $0.91.

When did Veralto report Q1 FY2023 results?

Veralto filed its 10-Q for the quarter ended 31 March 2023 with the SEC on 24 April 2024.

Quarterly results, the last 16 quarters

Q3 FY2022Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue1,2191,2251,2531,2551,2881,2461,2881,3141,3451,3321,3711,4041,3961,4221,4741,509
Cost of revenue525517529532542499514531544527549560568568572601
Gross profit694708724723746747774783801805822844828854902908
Gross margin57%58%58%58%58%60%60%60%60%60%60%60%59%60%61%60%
R&D52.056.057.055.057.060.061.063.069.064.067.067.068.068.073.069.0
SG&A357360378395403394414412424419442451444448514541
Operating income285292289273286293299308308322313326316338315298
Operating margin23%24%23%22%22%24%23%23%23%24%23%23%23%24%21%20%
Interest expense0.00.00.05.025.028.030.027.028.027.028.021.020.024.027.025.0
Pre-tax income285292275268261250270286280289285306293321289273
Tax rate24%23%24%24%23%26%25%23%19%22%22%22%13%21%17%7%
Net income218225209205200184203219227225222239254254241253
Net margin18%18%17%16%16%15%16%17%17%17%16%17%18%18%16%17%
Diluted EPS$0.89$0.91$0.85$0.83$0.81$0.74$0.81$0.88$0.91$0.90$0.89$0.95$1.01$1.02$0.98$1.03
Operating cash flown/a156301243263115251224285157339270311182340323
Capital expendituren/a9.012.011.022.013.011.09.022.015.016.012.020.012.012.019.0
Free cash flown/a147289232241102240215263142323258291170328304
Buybacksn/an/an/an/an/an/an/an/an/a0.00.00.0n/a30013489.0
Dividends paidn/a0.00.00.00.022.022.023.022.027.027.028.027.032.032.032.0
Shares outstanding0247m247m246m246m247m247m247m247m248m248m248m248m246m244m243m
Filing10-Q10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 31 March 2023, filed 24 April 2024: the filing.