Veralto Corp (VLTO)

Veralto Corporation, headquartered in Waltham, Massachusetts, is a global provider of essential technology solutions focused on monitoring, enhancing and protecting critical resources, with a unifying purpose of safeguarding water quality and product safety worldwide. Formed in 2023 through its separation from Danaher Corporation, Veralto operates through two segments: Water Quality (WQ) and Product Quality & Innovation (PQI). The WQ segment, anchored by brands such as Hach, Trojan Technologies, and ChemTreat, provides water analytics instrumentation, chemical treatment solutions, UV and membrane filtration systems, and related software and consumables that help municipal utilities, industrial customers, and other organizations test, treat, and manage water quality throughout the water cycle, serving over 149,000 customers and supporting billions of people globally.

The PQI segment, featuring brands including Videojet, Linx, Esko, X-Rite, and Pantone, offers marking and coding systems, packaging design software, color management solutions, and related consumables that help consumer packaged goods, pharmaceutical, and industrial companies ensure product traceability, regulatory compliance, brand authenticity, and color consistency; recent additions like TraceGains extend into cloud-based food and beverage compliance software. Veralto's customer base spans municipal, industrial, food and beverage, and consumer packaged goods end markets across more than 140 countries, with no single customer representing more than 10% of sales. In 2024, the company generated $5.2 billion in sales, with approximately 61% derived from recurring revenue streams such as consumables, spare parts, services, and software, and geographic sales distributed across North America (48%), Western Europe (22%), other developed markets (2%), and high-growth markets (28%).

The company employs nearly 17,000 associates worldwide and relies on its Veralto Enterprise System, a continuous-improvement management framework, to drive operational excellence, profitability, and growth, including through strategic acquisitions—over 80 completed in more than two decades—that expand its technology portfolio and market reach.