Veralto posts higher Q4 profit, revenue on industrial water treatment demand
Feb 4 (Reuters) - Veralto VLTO.N reported an increase in its fourth-quarter profit and revenue on Tuesday, helped by strong demand for its industrial water treatment services.
The Waltham, Massachusetts-based company provides products that help ensure water quality, and offers packaging and quality control solutions to businesses in industries, including pharmaceutical and consumer packaged goods.
"Demand continued to strengthen throughout 2024, highlighted by industrial water treatment in North America and the recovery of consumer-packaged goods markets global," said Jennifer Honeycutt, CEO at the water treatment solutions provider.
Veralto, which was spun off from lifesciences firm Danaher in September 2023, reported revenue of $1.35 billion for the quarter, up nearly 4.5% from a year ago.
The company's net income for the quarter ended Dec. 31 rose to $227 million, or 91 cents per share, compared with $200 million, or 81 cents per share, a year earlier.
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