Veralto Corp (VLTO)

Veralto Corporation provides technology solutions that monitor, enhance and protect key resources, under the purpose of "Safeguarding the World's Most Vital Resources." Its operating companies serve regulated industries such as municipal utilities, food and beverage, pharmaceutical and industrials, where the consequence of failure is high. Core offerings are in water analytics, water treatment, marking and coding, and packaging and color. Veralto became an independent, NYSE-listed company on September 30, 2023, when Danaher Corporation separated it, and it then consisted of Danaher's former Environmental & Applied Solutions segment. About 61% of 2025 sales were recurring, coming from consumables, spare parts, services and software, driven by a large installed base of instruments.

The company has two segments. Water Quality offers water analytics and water treatment solutions through brands including Hach, Trojan Technologies and ChemTreat. Its products include analytical instruments, digital solutions, chemical reagents, treatment chemistry and dosing programs, and UV and membrane filtration systems for disinfection and contaminant removal. Product Quality & Innovation provides marking and coding, packaging and color instrumentation, software and related consumables under brands including Videojet, Linx, Esko, X-Rite and Pantone. Videojet is its largest operating company in the segment. Esko supplies packaging design software and imaging systems. TraceGains, acquired in 2024, offers cloud-based compliance and traceability software for food and beverage. X-Rite provides color management solutions, and Pantone is a color standard for the design industry.

Veralto generated $5.5 billion in sales in 2025, by geography 48% from North America, 23% from Western Europe, 2% from other developed markets and 27% from high-growth markets. Water Quality customers include small and large public and private water utilities and residential, commercial, industrial and research users. Hach alone serves over 149,000 customers. Product Quality & Innovation serves brand owners in consumer packaged goods, food and beverage, pharmaceutical and industrial sectors, including a majority of the top 25 global consumer packaged goods brands and a majority of the top 20 pharmaceutical brands. No customer exceeded 10% of sales in 2025, 2024 or 2023. About 18% of technology and equipment products are sold through third-party distributors.

Veralto is a Delaware corporation headquartered in Waltham, Massachusetts, with nearly 17,000 employees as of December 31, 2025. About 5,000 of them are in high-growth markets, where it has 9 local manufacturing facilities. Its manufacturing uses metallic and electronic components, chemistries, OEM products, plastics and other petroleum-based products, bought from many independent suppliers worldwide. No single supplier is significant overall, though some specialized components may have one or a few sources. Research and development takes place mainly in North America, Europe and Asia. The Veralto Enterprise System, a continuous-improvement business management system, guides operations, and the company has acquired over 85 businesses over more than two decades. Competitors include regional players, more specialized companies, large companies with substantial resources, low-cost-location entrants and emerging technology firms. None of them offers all of the same product lines or serves all of the same markets.