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Veralto (Veralto) EBIT : $1,098 Mil (TTM As of Mar. 2024)


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What is Veralto EBIT?

Veralto's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $278 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $1,098 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Veralto's annualized ROC % for the quarter that ended in Mar. 2024 was 21.83%. Veralto's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 300.95%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Veralto's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 4.17%.


Veralto EBIT Historical Data

The historical data trend for Veralto's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Veralto EBIT Chart

Veralto Annual Data
Trend Dec20 Dec21 Dec22 Dec23
EBIT
951.00 1,047.00 1,113.00 1,126.00

Veralto Quarterly Data
Dec20 Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only 292.00 261.00 273.00 286.00 278.00

Competitive Comparison of Veralto's EBIT

For the Pollution & Treatment Controls subindustry, Veralto's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Veralto's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Veralto's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Veralto's EV-to-EBIT falls into.



Veralto EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,098 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Veralto  (NYSE:VLTO) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Veralto's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=1172 * ( 1 - 26.4% )/( (4177 + 3725)/ 2 )
=862.592/3951
=21.83 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Veralto's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1112/( ( (262 + max(79, 0)) + (264 + max(134, 0)) )/ 2 )
=1112/( ( 341 + 398 )/ 2 )
=1112/369.5
=300.95 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(826 + 297 + 188) - (754 + 208 + 270)
=79

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(815 + 308 + 167) - (1156 + 0 + 0)
=134

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Veralto's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=1098/26305.352
=4.17 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Veralto EBIT Related Terms

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Veralto (Veralto) Business Description

Traded in Other Exchanges
Address
c/o Danaher Corporation, Suite 800W, 2200 Pennsylvania Avenue, N.W, Washington DC, WA, USA, 20037
Veralto Corp is company which is a global provider of essential technology solutions that safeguard many of the world's most vital resources. The company operates in two segments such as Water Quality and Product Quality & Innovation. Through WQ segment they improve the quality and reliability of water through leading brands including Hach, Trojan Technologies and ChemTreat. Through PQI segment they promote consumer trust in products and help enable product innovation through leading brands including Videojet, Linx, Esko, X-Rite and Pantone.
Executives
Melissa Aquino officer: SVP, Water Quality 3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Sameer Ralhan officer: SVP, Chief Financial Officer C/O THE CHEMOURS COMPANY, 1007 MARKET STREET, WILMINGTON DE 19899
Surekha Trivedi officer: SVP, Strategy & Sustainability C/O VERALTO CORPORATION, 225 WYMAN STREET, SUITE 250, WALTHAM MA 02451
Mattias Bystrom officer: SVP-Prod. Quality & Innovation C/O VERALTO CORPORATION, 225 WYMAN STREET, SUITE 250, WALTHAM MA 02451
Lesley Beneteau officer: SVP, Human Resources C/O VERALTO CORPORATION, 225 WYMAN STREET, SUITE 250, WALTHAM MA 02451
Cindy L. Wallis-lage director C/O COMFORT SYSTEMS USA, INC., 675 BERING DRIVE, SUITE 400, HOUSTON TX 77057
Bernard M Skeete officer: VP, Chief Accounting Officer C/O TRINSEO S.A., 1000 CHESTERBROOK BLVD., SUITE 300, BERWYN PA 19312
Sylvia Ann Stein officer: SVP, General Counsel 1500 DEKOVEN AVE., RACINE WI 53403
Shyam Kambeyanda director 2711 CENTERVILLE ROAD, SUITE 400, WILMINGTON DE 19808
Thomas L Williams director 6035 PARKLAND BOULEVARD, CLEVELAND OH 44124
Heath A Mitts director 1925 WEST FIELD COURT, SUITE 200, LAKE FOREST IL 60045
Francoise Colpron director SEALED AIR CORPORATION, 2415 CASCADE POINTE BOUVELVARD, CHARLOTTE NC 28208
William King director 2200 PENNSYLVANIA AVENUE, NW, SUITE 800W, WASHINGTON DC 20037
Walter G Lohr director DANAHER CORP, 2099 PENNSYLVANIA AVE NW 12TH FL, WASHINGTON DC 20006
Daniel L Comas director DANAHER CORP, 2099 PENNSYLVANIA AVE NW 12TH FL, WASHINGTON DC 20006