Veralto raises 2026 profit forecast on strong demand for water testing, filtration

• Shares of the company, which offers precision instruments and packaging products, were up 2% in aftermarket trading.
• In the second quarter, adjusted sales in the water quality segment rose 5.7% from last year.
• For full-year 2026, Veralto now expects adjusted earnings per share between $4.35 and $4.43, compared with its earlier forecast of $4.20 to $4.28.
• Analysts expect a profit of $4.25 apiece, according to data compiled by LSEG.
• The Waltham, Massachusetts-based company posted second-quarter adjusted profit per share of $1.11, above analysts' estimate of $1.01.
• Veralto's total revenue for the quarter ended June 30 came in at $1.47 billion, beating analysts' expectations of $1.45 billion.

July 28 (Reuters) - Veralto VLTO.N on Tuesday raised its forecast for full-year profit above Wall Street estimates, helped by strong demand for its water quality testing and filtration systems.

Demand for water analytics supporting the daily operations of municipal customers remained steady, the company said.

"We continue to benefit from strong demand across industrial water treatment, water reuse initiatives and environmental water monitoring workflows," CEO Jennifer Honeycutt added.