Veralto (VLTO) official guidance

Relative to the fourth quarter, we expect core sales growth of 5.5% to 6.5% and approximately 5% growth from acquisitions, resulting in total sales growth of approximately 10% to 11%.

Look, we've had some early successes and a good start out of the gate, so we're going to see $10 million-$15 million worth of savings in 2026.

For 2027, at this point, just model it the way we kind of guided earlier, roughly half the savings.

The beginning of the year, we had said that roughly half the savings by 2027 and then full run rate in 2028.

Yeah, and Andrew, to your point regarding the accretion, the point that I made earlier is on the margin, it might be a little dilutive, but from the EPS perspective, we expect it to be flat to slightly accretive, as you said.

Based on our third quarter performance, fourth quarter outlook, and early gains from our Cost Optimization Program, we raised our full-year adjusted EPS guidance to $4.49-$4.52 per share, representing 15%-16% growth over the prior year.

Cost Optimization Program, if you look at the guide that we have given for the full year, that adds another roughly 40 basis points to the OMX for Q4.

Overall, I think it's fair to expect that, look, we will have 30-35% of a fall-through, and that's close to 30-ish basis points on the margin side.

Overall, for our Q4 margins, you should fully expect the fall-through to be 30%-35%, so that is roughly 30 basis points of a margin expansion on a year-over-year basis.

We said 5% to 6.5% PQI will be closer to the high end of the range, right? For Q4 guide.

Relative to the fourth quarter, we expect core sales growth of 5.5% to 6.5% and approximately 5% growth from acquisitions, resulting in total sales growth of approximately 10% to 11%.

The Company’s fourth quarter adjusted diluted earnings per share guidance is in the range of $1.13 to $1.16 per share.

The Company also raised its free cash flow conversion guidance to greater than 105% of GAAP net earnings, up from the prior guidance of greater than 100% conversion.

Adjusted operating profit margin is expected to be approximately 24.5%, broadly in line with the prior year period, net of growth investments and the impact from acquisitions.

Adjusted operating profit margin is now expected to expand approximately 50 basis points year-over-year, up from the prior guidance range of 25-50 basis points.

For the full year 2026, the Company raised its non-GAAP core sales growth to a range of 4.2% to 4.5% year-over-year, up from the prior guidance range of 4.0% to 4.5%.

For the fourth quarter of 2026, the Company anticipates non-GAAP core sales growth in the range of 5.5% to 6.5% year-over-year.

Impact, as far as the savings are concerned in this year, we're going to see a very small lift maybe in Q4 that's baked into the guide. It's a very small number. We're talking a few millions at this point.

In the guidance, we kind of laid that out, that we should expect roughly 25 basis points of margin expansion into Q3, and for the full-year, it's going to be 25 basis points-50 basis points.

In the guidance, we kind of laid that out, that we should expect roughly 25 basis points of margin expansion into Q3, and for the full-year, it's going to be 25 basis points-50 basis points.