Slides
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Second Quarter 2026 Results July 28, 2026
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2 Q 2 2 0 2 6 R E S U L T S | 2 Forward Looking Statements Certain statements in this presentation, including statements regarding the Company's third quarter and full year 2026 financial performance and guidance, the Company’s differentiation and positioning to continue delivering sustainable, long-term shareholder value and any other statements regarding events or developments that we believe or anticipate will or may occur in the future are "forward-looking" statements within the meaning of the federal securities laws. All statements other than historical factual information are forward-looking statements, including, without limitation, statements regarding: projections of revenue, expenses, profit, profit margins, asset values, pricing, tax rates, tax provisions, cash flows, pension and benefit obligations and funding requirements, Veralto’s liquidity position or other projected financial measures; Veralto’s management’s plans and strategies for future operations, including statements relating to anticipated operating performance, customer demand, cost reductions, restructuring activities, new product and service developments, competitive strengths or market position, acquisitions and the integration thereof, divestitures, spin-offs, split-offs, initial public offerings, other securities offerings or other distributions, strategic opportunities, stock repurchases, dividends and executive compensation; growth, declines and other trends in markets Veralto sells into, the impact of global trade policies, tariffs, restrictions on imports, related countermeasures and reciprocal tariffs; future new or modified laws, regulations, accountingpronouncements or public policy changes; regulatory approvals and the timing and conditionality thereof; outstanding claims, legal proceedings,tax audits and assessments and other contingent liabilities; future foreign currency exchange rates and fluctuations in those rates; resultsof operations and/or financial condition; general economic and capital markets conditions; the anticipated timing of any of the foregoing; assumptions underlying any of the foregoing; and any other statements that address events or developments that Veralto intends or believes will or may occur in the future. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in our SEC filings. These forward-looking statements speak only as of the date of this presentation and except to the extent required by applicable law, the Company does not assume any obligation to update or revise any forward-looking statement, whether as a result of new information, future events and developments or otherwise.
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3 Q 2 2 0 2 6 R E S U L T S | 3 1. Delivered 7.6% YoY sales growth and 19.4% adjusted EPS growth: 4.2% core sales growth with growth across both segments (Water Quality +5.7%; PQI +2.0%) 2.4% sales growth from acquisitions 2. Expect YoY core sales growth to accelerate in 2H 2026 to 5.0% to 6.0%: Continued VES-driven commercial execution across the enterprise WQ: expect continued benefit from strong industrial water treatment demand, with steady municipal growth PQI: expect an acceleration of packaging and color growth due primarily to increasing adoption of digital workflow solutions, with steady growth in marking and coding 3. Raised FY 2026 Adjusted EPS* guidance to $4.35 to $4.43(1): Represents 12%-14% year-over-year growth in Adjusted EPS Increased FY core sales growth* guidance to 4.0% to 4.5% Increased adjusted operating margin* expansion guidance to +25 to +50 basis points 4. Cost optimization program on track 5. Continue to deploy capital to compound long-term shareholder value: Completed 3 strategic bolt-on acquisitions in structurally higher growth markets Repurchased 2.1% of outstanding shares as of July 27, 2026 (2) Veralto / Second Quarter 2026 Key Messages *See appendix for reconciliations to non-GAAP measures (1) FY 2026 assumes $0.05 per share benefit from IEEPA refunds received in Q2 2026 (2)~2.1% is calculated off the Company’s outstanding shares as of February 13, 2026 Acquisition and Share Repurchase Summary thru July 27, 2026 Q1 2026 Q2 2026 Q3 2026 thru July 27, 2026 Acquisitions In-Situ GlobalVision Alfaa UV Share Repurchases $300m $134m $46m Note: Alfaa UV acquisition announced on July 21, 2026 Accelerating Growth Profile, Optimizing Cost Structure, Executing Disciplined Capital Allocation
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4 Q 2 2 0 2 6 R E S U L T S | 4 Veralto / Q2 2026 Key Consolidated Financial Results Strong Core Sales Growth, Double-Digit Adjusted EPS Growth and Robust Cash Generation SALES ADJUSTED OPERATING PROFIT MARGIN* ADJUSTED EPS* ADJUSTED EBITDA* FREE CASH FLOW* 24.6% +90 basis points year-over-year $1.11 +19.4% year-over-year $375m 25.4% adjusted EBITDA margin* +100 basis points year-over-year *See appendix for reconciliations to non-GAAP measures $1,474m +7.6% total sales growth +4.2% core sales growth* $328m 136% free cash flow conversion* 18.4% trailing twelve-month free cash flow margin* ADJUSTED GROSS PROFIT MARGIN* 61.6% +160 basis points year-over-year Note: Q2 2026 results include $0.05 per share of benefit from IEEPA tariff refunds received during the quarter
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5 Q 2 2 0 2 6 R E S U L T S | 5 Water Quality / Q2 and YTD 2026 performance ($ millions, variances versus prior year period) Q2 ADJUSTED OPERATING PROFIT *Q2 SALES Three months ended YOY Change in Sales Q2 2025 Q2 2026 Core Growth* +5.0% +5.7% Currency +1.1% +1.2% M&A +0.1% +3.2% Total Growth +6.2% +10.1% +10.1% +11.6% YTD ADJUSTED OPERATING PROFIT *YTD SALES Six months ended YOY Change in Sales YTD 2025 YTD 2026 C ore Growth* +6.2% +4.8% Currency -0.1% +2.2% M&A —% +3.1% Total Growth +6.1% +10.1% *See appendix for reconciliations of non- GAAP measures Price +2.4% +10.1% +12.6% Price +2.9%
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6 Q 2 2 0 2 6 R E S U L T S | 6 Product Quality & Innovation / Q2 and YTD 2026 performance ($ millions, variances versus prior year period) Three months ended YOY Change in Sales Q2 2025 Q2 2026 Core Growth* +4.6% +2.0% Currency +2.2% +0.6% M&A —% +1.2% Total Growth +6.8% +3.8% Six months ended YOY Change in Sales YTD 2025 YTD 2026 Co re Growth* +6.4% +0.5% Currency +0.5% +2.3% M&A +0.6% —% Total Growth +7.5% +2.8% Q2 ADJUSTED OPERATING PROFIT *Q2 SALES YTD ADJUSTED OPERATING PROFIT *YTD SALES Price +3.0% Price +2.5% *See appendix for reconciliations of non- GAAP measures +3.8% +8.6% +2.8% +3.8%
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7 Q 2 2 0 2 6 R E S U L T S | 7 Veralto / Q2 2026 cash flow and balance sheet Financial position summary: Capital- light business model TTM f ree cash flow margin* at 18.4% Gross leverage* at 2.3x Net leverage* at 0.9x Debt update: • Raised $725m of senior notes in Q2 that m ature in 2032 • Intend to use cash on hand to pay down $700m s enior notes that mature in September 2026 Q2 2026 YTD 2026 Cash from operations $340 $522 Capital expenditures $(12) $(24) Free cash flow* $328 $498 Free cash flow conversion* 136% 101% Q2 2026 Cash and cash equivalents $2,119 Gross debt $3,379 Net debt* $1,260 * See appendix for reconciliations to non-GAAP measures ($ millions)
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8 Q 2 2 0 2 6 R E S U L T S | 8 Veralto / Q3 and FY 2026 guidance Q3 2026E FY 2026E Previous FY Guide Core Sales Growth* +4.0% to 5.0% +4.0% to 4.5% +3.0% to 4.5% Adjusted Operating Profit Margin* +25 basis points +25 to +50 basis points +25 basis points Adjusted EPS* $1.06 to $1.09 $4.35 to $4.43 $4.20 to $4.28 Free Cash Flow Conversion* -- >100% ~100% Core sales growth* +2.6% +3.7% +4.7% +4.0% to 4.5% Note: Adjusted Operating Profit Margin guidance includes ~(25) basis points of margin dilution from the acquisition of In- Situ in both Q3 and FY 2026E IEEPA refund assumptions: Q3 2026 assumes no benefit from IEEPA refunds; FY 2026 assumes $0.05 per share benefit from IEEPA refunds received in Q2 2026 *See appendix for reconciliations to non-GAAP measures
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9 Q 2 2 0 2 6 R E S U L T S | 9 Veralto / 2026E Modeling Items 1. Primarily reflects the In-Situ, GlobalVision and Alfaa UV acquisitions, net of divestitures 2. Impact of currency exchange rates on sales if rates in effect as of July 3, 2026 prevailed throughout the remainder of 2026 3. Corporate expense reported as “other” under Operating Profit Q3 2026E FY 2026E Year-over-year Sales assumptions Core sales growth (non-GAAP) 4.0% to 5.0% 4.0% to 4.5% Acquisitions/divestitures (1) ~2.0% ~2.0% Currency exchange rates impact on sales (2) flat ~1.0% Total sales growth (GAAP) 6.0% to 7.0% 7.0% to 7.5% Other key assumptions Corporate expense (3) $30m to $35m $105m to $110m Interest expense, net $25m to $30m $100m to $110m Effective Tax Rate ~20% ~20% Average diluted shares ~245m ~246m Capital expenditures NA 1.0% to 1.5% of sales
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10 Q 2 2 0 2 6 R E S U L T S | 10 Veralto / Well-positioned to drive compounding earnings and free cash flow growth SAFEGUARDING THE WORLD’S MOST VITAL RESOURCES ATTRACTIVE SECULAR GROWTH DRIVERS PREMIER FINANCIAL PROFILE and DURABLE BUSINESS MODEL PROVEN VALUE CREATION PLAYBOOK
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Appendix Q2 2026 Results | July 28, 2026
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12 Q 2 2 0 2 6 R E S U L T S | 12 Veralto / Geographic core sales growth(1) for Q2 2026 North America Western Europe High-Growth Markets Water Quality +8.3% +9.3% -1.5% Product Quality & Innovation +3.7% +0.8% +1.4% Total Veralto +7.0% +4.9% -0.1% (1) Geographic core sales growth excludes impact from acquisitions, divestitures and management estimates for currency translation. It is not adjusted for intercompany sales, returns or allowances. Notes: Other developed markets includes Japan, Australia and New Zealand Q2 2026 Geographic Core Sales Growth Western Europe 23% High Growth Markets 26% Other Developed Markets 2% North America 49% Q2 2026 Sales by Geography
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13 Q 2 2 0 2 6 R E S U L T S | 13 Veralto / Geographic core sales growth(1) for YTD 2026 North America Western Europe High-Growth Markets Water Quality +7.0% +6.9% -0.6% Product Quality & Innovation +2.4% -1.2% -0.0% Total Veralto +5.8% +2.7% -0.3% YTD 2026 Geographic Core Sales Growth Western Europe 23% High Growth Markets 26% Other Developed Markets 2% North America 49% YTD 2026 Sales by Geography (1) Geographic core sales growth excludes impact from acquisitions, divestitures and management estimates for currency translation. It is not adjusted for intercompany sales, returns or allowances. Notes: Other developed markets includes Japan, Australia and New Zealand
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VERALTO CORPORATION RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES AND SUPPLEMENTAL FORWARD-LOOKING INFORMATION THREE AND SIX-MONTH PERIODS ENDED JULY 3, 2026 AND JULY 4, 2025
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TABLE OF CONTENTS Page 1 Sales Growth by Segment, Core Sales Growth by Segment 3 Forecasted Core Sales Growth, Adjusted Operating Profit Margin, Adjusted Diluted Net Earnings per Share and Free Cash Flow to Net Earnings Conversion Ratio 4 Segment Sales, Operating Profit, Adjusted Operating Profit, Operating Profit Margin and Adjusted Operating Profit Margin 6 Net Earnings, Operating Profit, Adjusted EBITDA, Net Earnings Margin, Operating Profit Margin and Adjusted EBITDA Margin 10 Trailing Twelve Month Adjusted EBITDA, Gross Leverage and Net Leverage 11 Other Non-GAAP Adjusted P&L Measures 16 Operating Profit Margin and Year-Over-Year Core Operating Margin Changes 17 Cash Flow, Free Cash Flow, Operating Cash Flow to Net Earnings Ratio, Free Cash Flow to Net Earnings Conversion Ratio and Free Cash Flow Margin FORWARD-LOOKING STATEMENTS DISCLOSURE Certain statements in this document, including statements regarding the Company's third quarter and full year 2026 financial performance and guidance, the Company’s differentiation and positioning to continue delivering sustainable, long-term shareholder value and any other statements regarding events or developments that we believe or anticipate will or may occur in the future are "forward-looking" statements within the meaning of the federal securities laws. All statements other than historical factual information are forward-looking statements, including, without limitation, statements regarding: projections of revenue, expenses, profit, profit margins, asset values, pricing, tax rates, tax provisions, cash flows, pension and benefit obligations and funding requirements, Veralto’s liquidity position or other projected financial measures; Veralto’s management’s plans and strategies for future operations, including statements relating to anticipated operating performance, customer demand, cost reductions, restructuring activities, new product and service developments, competitive strengths or market position, acquisitions and the integration thereof, divestitures, spin-offs, split-offs, initial public offerings, other securities, offerings or other distributions, strategic opportunities, stock repurchases, dividends and executive compensation; growth, declines and other trends in markets Veralto sells into, the impact of global trade policies, tariffs, restrictions on imports, related countermeasures and reciprocal tariffs; future new or modified laws, regulations, accounting pronouncements or public policy changes; regulatory approvals and the timing and conditionality thereof; outstanding claims, legal proceedings, tax audits and assessments and other contingent liabilities; future foreign currency exchange rates and fluctuations in those rates; results of operations and/or financial condition; general economic and capital markets conditions; the anticipated timing of any of the foregoing; assumptions underlying any of the foregoing; and any other statements that address events or developments that Veralto intends or believes will or may occur in the future. Additional information regarding the factors that may cause actual results to differ materially from these forward- looking statements is available in our SEC filings. These forward-looking statements speak only as of the date of this document and except to the extent required by applicable law, the Company does not assume any obligation to update or revise any forward-looking statement, whether as a result of new information, future events and developments or otherwise.
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% Change Three-Month Period Ended July 3, 2026 vs. Comparable 2025 Period Segments Total Company Water Quality Product Quality and Innovation Total sales growth (GAAP) 7.6 % 10.1 % 3.8 % Impact of: Acquisitions/divestitures (2.4) % (3.2) % (1.2) % Currency exchange rates (1.0) % (1.2) % (0.6) % Core sales growth (non-GAAP) 4.2 % 5.7 % 2.0 % % Change Six-Month Period Ended July 3, 2026 vs. Comparable 2025 Period Segments Total Company Water Quality Product Quality and Innovation Total sales growth (GAAP) 7.1 % 10.1 % 2.8 % Impact of: Acquisitions/divestitures (1.8) % (3.1) % — % Currency exchange rates (2.2) % (2.2) % (2.3) % Core sales growth (non-GAAP) 3.1 % 4.8 % 0.5 % VERALTO CORPORATION Sales Growth by Segment, Core Sales Growth by Segment 1
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% Change Three-Month Period Ended July 4, 2025 vs. Comparable 2024 Period Segments Total Company Water Quality Product Quality and Innovation Total sales growth (GAAP) 6.4 % 6.2 % 6.8 % Impact of: Acquisitions/divestitures (0.1) % (0.1) % — % Currency exchange rates (1.5) % (1.1) % (2.2) % Core sales growth (non-GAAP) 4.8 % 5.0 % 4.6 % % Change Six-Month Period Ended July 4, 2025 vs. Comparable 2024 Period Segments Total Company Water Quality Product Quality and Innovation Total sales growth (GAAP) 6.6 % 6.1 % 7.5 % Impact of: Acquisitions/divestitures (0.2) % — % (0.6) % Currency exchange rates (0.1) % 0.1 % (0.5) % Core sales growth (non-GAAP) 6.3 % 6.2 % 6.4 % VERALTO CORPORATION Sales Growth by Segment, Core Sales Growth by Segment 2
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The Company provides forecasted sales only on a non-GAAP basis because of the difficulty in estimating the other components of GAAP revenue, such as currency translation, acquisitions and divested product lines. Additionally, we do not reconcile adjusted operating profit margin (or components thereof), adjusted diluted earnings per share or free cash flow to net earnings conversion ratio to the comparable GAAP measures because of the difficulty in estimating the other unknown components such as investment gains and losses, impairments and separation costs, which would be reflected in any forecasted GAAP operating profit, forecasted diluted earnings per share or forecasted net earnings ratio. % Change Three-Month Period Ending October 2, 2026 vs. Comparable 2025 Period Core sales growth (non-GAAP) +4.0% to 5.0% Three-Month Period Ending October 2, 2026 Adjusted Operating Profit Margin (non-GAAP) +25 basis points Adjusted Diluted Net Earnings per Share (non-GAAP) $1.06 to $1.09 % Change Year Ending December 31, 2026 vs. Comparable 2025 Period Core sales growth (non-GAAP) +4.0% to 4.5% Year Ending December 31, 2026 Adjusted Operating Profit Margin (non-GAAP) +25 to 50 basis points Adjusted Diluted Net Earnings per Share (non-GAAP) $4.35 to $4.43 Free cash flow to net earnings conversion ratio (non-GAAP) >100% VERALTO CORPORATION Forecasted Core Sales Growth, Adjusted Operating Profit Margin, Adjusted Diluted Net Earnings per Share and Free Cash Flow to Net Earnings Conversion Ratio 3
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Sales (GAAP) Water Quality $ 908 $ 825 $ 1,782 $ 1,619 Product Quality & Innovation 566 546 1,114 1,084 Total $ 1,474 $ 1,371 $ 2,896 $ 2,703 Operating Profit (GAAP) Water Quality $ 228 $ 211 $ 438 $ 409 Product Quality & Innovation 119 134 263 280 Other (32) (32) (48) (54) Total $ 315 $ 313 $ 653 $ 635 Amortization of Intangible Assets (GAAP) Water Quality $ 8 $ 3 $ 15 $ 5 Product Quality & Innovation 9 6 15 13 Total $ 17 $ 9 $ 30 $ 18 Other Operating Profit Adjustments 1 Water Quality $ 5 $ — $ 9 $ — Product Quality & Innovation 24 — 26 — Other 2 3 2 5 Total $ 31 $ 3 $ 37 $ 5 Three-Month Period Ended Six-Month Period Ended July 3, 2026 July 4, 2025 July 3, 2026 July 4, 2025 VERALTO CORPORATION Segment Sales, Operating Profit, Adjusted Operating Profit, Operating Profit Margin and Adjusted Operating Profit Margin ($ in millions) 4
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Adjusted Operating Profit (non-GAAP) 2 Water Quality $ 241 $ 214 $ 462 $ 414 Product Quality & Innovation 152 140 304 293 Other (30) (29) (46) (49) Total $ 363 $ 325 $ 720 $ 658 Operating Profit Margin (GAAP) Water Quality 25.1 % 25.6 % 24.6 % 25.3 % Product Quality & Innovation 21.0 % 24.5 % 23.6 % 25.8 % Total 21.4 % 22.8 % 22.5 % 23.5 % Adjusted Operating Profit Margin (Non-GAAP) 3 Water Quality 26.5 % 25.9 % 25.9 % 25.6 % Product Quality & Innovation 26.9 % 25.6 % 27.3 % 27.0 % Total 24.6 % 23.7 % 24.9 % 24.3 % Three-Month Period Ended Six-Month Period Ended July 3, 2026 July 4, 2025 July 3, 2026 July 4, 2025 1 Refer to the Reconciliation of GAAP to Other Non-GAAP Adjusted P&L Measures for a description of the components of Other Operating Profit Adjustments. 2 Adjusted Operating Profit (non-GAAP) is defined as operating profit (GAAP) plus amortization of intangible assets (GAAP) plus (minus) Other Operating Profit Adjustments. 3 Adjusted Operating Profit Margin (Non-GAAP) is defined as Adjusted Operating Profit (Non-GAAP) divided by Sales (GAAP). VERALTO CORPORATION Segment Sales, Operating Profit, Adjusted Operating Profit, Operating Profit Margin and Adjusted Operating Profit Margin ($ in millions) 5
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Three-Month Period Ended July 3, 2026 Water Quality Product Quality & Innovation Other Total Company Net Earnings (GAAP) $ 241 Interest Expense 27 Other Nonoperating (Income) Expense (1) Income Taxes 48 Operating Profit (GAAP) $ 228 $ 119 $ (32) $ 315 Other Operating Profit Adjustments 1 5 24 2 31 Depreciation 8 4 — 12 Amortization of Intangible Assets 8 9 — 17 Adjusted EBITDA (Non-GAAP) $ 249 $ 156 $ (30) $ 375 Interest Expense (27) Other Nonoperating Income (Expense) 1 Income Taxes (48) Other Operating Profit Adjustments 1 (31) Depreciation (12) Amortization of Intangible Assets (17) Net Earnings (GAAP) $ 241 Sales (GAAP) $ 908 $ 566 $ 1,474 Net Earnings Margin (GAAP) 16.4 % Operating Profit Margin (GAAP) 25.1 % 21.0 % 21.4 % Adjusted EBITDA Margin (Non-GAAP) 4 27.4 % 27.6 % 25.4 % 1 Refer to the Reconciliation of GAAP to Other Non-GAAP Adjusted P&L Measures for a description of the components of Other Operating Profit Adjustments. 4 Adjusted EBITDA Margin (Non-GAAP) is defined as Adjusted EBITDA (Non-GAAP) divided by sales. VERALTO CORPORATION Net Earnings, Operating Profit, Adjusted EBITDA, Net Earnings Margin, Operating Profit Margin and Adjusted EBITDA Margin ($ in millions) 6
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Three-Month Period Ended July 4, 2025 Water Quality Product Quality & Innovation Other Total Company Net Earnings (GAAP) $ 222 Interest Expense 28 Income Taxes 63 Operating Profit (GAAP) $ 211 $ 134 $ (32) $ 313 Other Operating Profit Adjustments 1 — — 3 3 Depreciation 7 3 — 10 Amortization of Intangible Assets 3 6 — 9 Adjusted EBITDA (Non-GAAP) $ 221 $ 143 $ (29) $ 335 Interest Expense (28) Income Taxes (63) Other Operating Profit Adjustments 1 (3) Depreciation (10) Amortization of Intangible Assets (9) Net Earnings (GAAP) $ 222 Sales (GAAP) $ 825 $ 546 $ 1,371 Net Earnings Margin (GAAP) 16.2 % Operating Profit Margin (GAAP) 25.6 % 24.5 % 22.8 % Adjusted EBITDA Margin (Non-GAAP) 4 26.8 % 26.2 % 24.4 % 1 Refer to the Reconciliation of GAAP to Other Non-GAAP Adjusted P&L Measures for a description of the components of Other Operating Profit Adjustments. 4 Adjusted EBITDA Margin (Non-GAAP) is defined as Adjusted EBITDA (Non-GAAP) divided by sales. VERALTO CORPORATION Net Earnings, Operating Profit, Adjusted EBITDA, Net Earnings Margin, Operating Profit Margin and Adjusted EBITDA Margin ($ in millions) 7
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Six-Month Period Ended July 3, 2026 Water Quality Product Quality & Innovation Other Total Company Net Earnings (GAAP) $ 495 Interest Expense 51 Other Nonoperating (Income) Expense (8) Income Taxes 115 Operating Profit (GAAP) $ 438 $ 263 $ (48) $ 653 Other Operating Profit Adjustments 1 9 26 2 37 Depreciation 15 8 — 23 Amortization of Intangible Assets 15 15 — 30 Adjusted EBITDA (Non-GAAP) $ 477 $ 312 $ (46) $ 743 Interest Expense (51) Other Nonoperating Income (Expense) 8 Income Taxes (115) Other Operating Profit Adjustments 1 (37) Depreciation (23) Amortization of Intangible Assets (30) Net Earnings (GAAP) $ 495 Sales (GAAP) $ 1,782 $ 1,114 $ 2,896 Net Earnings Margin (GAAP) 17.1 % Operating Profit Margin (GAAP) 24.6 % 23.6 % 22.5 % Adjusted EBITDA Margin (Non-GAAP) 4 26.8 % 28.0 % 25.7 % 1 Refer to the Reconciliation of GAAP to Other Non-GAAP Adjusted P&L Measures for a description of the components of Other Operating Profit Adjustments. 4 Adjusted EBITDA Margin (Non-GAAP) is defined as Adjusted EBITDA (Non-GAAP) divided by sales. VERALTO CORPORATION Net Earnings, Operating Profit, Adjusted EBITDA, Net Earnings Margin, Operating Profit Margin and Adjusted EBITDA Margin ($ in millions) 8
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Six-Month Period Ended July 4, 2025 Water Quality Product Quality & Innovation Other Total Company Net Earnings (GAAP) $ 447 Interest Expense 55 Other Nonoperating (Income) Expense 6 Income Taxes 127 Operating Profit (GAAP) $ 409 $ 280 $ (54) $ 635 Other Operating Profit Adjustments 1 — — 5 5 Depreciation 13 7 — 20 Amortization of Intangible Assets 5 13 — 18 Adjusted EBITDA (Non-GAAP) $ 427 $ 300 $ (49) $ 678 Interest Expense (55) Other Nonoperating Income (Expense) (6) Income Taxes (127) Other Operating Profit Adjustments 1 (5) Depreciation (20) Amortization of Intangible Assets (18) Net Earnings (GAAP) $ 447 Sales (GAAP) $ 1,619 $ 1,084 $ 2,703 Net Earnings Margin (GAAP) 16.5 % Operating Profit Margin (GAAP) 25.3 % 25.8 % 23.5 % Adjusted EBITDA Margin (Non-GAAP) 4 26.4 % 27.7 % 25.1 % 1 Refer to the Reconciliation of GAAP to Other Non-GAAP Adjusted P&L Measures for a description of the components of Other Operating Profit Adjustments. 4 Adjusted EBITDA Margin (Non-GAAP) is defined as Adjusted EBITDA (Non-GAAP) divided by sales. VERALTO CORPORATION Net Earnings, Operating Profit, Adjusted EBITDA, Net Earnings Margin, Operating Profit Margin and Adjusted EBITDA Margin ($ in millions) 9
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Three-Month Period Ended July 3, 2026 April 3, 2026 December 31, 2025 October 3, 2025 Net Earnings (GAAP) $ 241 $ 254 $ 254 $ 239 Interest Expense 27 24 20 21 Other Nonoperating (Income) Expense (1) (7) 3 (1) Income Taxes 48 67 39 67 Operating Profit (GAAP) $ 315 $ 338 $ 316 $ 326 Other Operating Profit Adjustments 1 31 6 18 1 Depreciation 12 11 11 11 Amortization of Intangible Assets 17 13 9 9 Adjusted EBITDA (Non-GAAP) $ 375 $ 368 $ 354 $ 347 Trailing Twelve Month Operating Profit (GAAP) 5 $ 1,295 Trailing Twelve Month Adjusted EBITDA (Non-GAAP) 6 $ 1,444 Total Debt 7 $ 3,379 Less: Cash 7 (2,119) Net Debt (Non-GAAP) $ 1,260 Gross Debt to Operating Profit 8 2.61 Net Debt to Operating Profit 9 0.97 Gross Leverage (Non-GAAP) 10 2.34 Net Leverage (Non-GAAP) 11 0.87 1 Refer to the Reconciliation of GAAP to Other Non-GAAP Adjusted P&L Measures for a description of the components of Other Operating Profit Adjustments. 5 Trailing Twelve Month Operating Profit is defined as the sum of Operating Profit for the previous four quarters. 6 Trailing Twelve Month Adjusted EBITDA (Non-GAAP) is defined as the sum of Adjusted EBITDA (Non-GAAP) for the previous four quarters. 7 Total Debt and Cash balances as of July 3, 2026. 8 Calculated as Total Debt divided by Trailing Twelve Month Operating Profit. 9 Calculated as Net Debt divided by Trailing Twelve Month Operating Profit. 10 Calculated as Total Debt divided by Trailing Twelve Month Adjusted EBITDA (Non-GAAP). 11 Calculated as Net Debt divided by Trailing Twelve Month Adjusted EBITDA (Non-GAAP). VERALTO CORPORATION Trailing Twelve Month Adjusted EBITDA, Gross Leverage and Net Leverage ($ in millions) 10
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Three-Month Period Ended July 3, 2026 Sales Cost of sales Gross profit margin Operating profit Operating profit margin Earnings before income taxes Income taxes Net earnings for calculation of diluted net earnings per common share Diluted net earnings per common share Reported (GAAP) $ 1,474 $ (572) 61.2 % $ 315 21.4 % $ 289 $ (48) $ 241 $ 0.98 Amortization of acquisition-related intangible assets A — — — 17 1.2 17 17 0.07 Restructuring B — 6 0.4 29 2.0 29 29 0.12 Other items C — — — 2 0.1 2 2 0.01 Tax effect of the above adjustments G (11) (11) (0.04) Discrete tax adjustments H (4) (4) (0.02) Rounding — — — — (0.1) — — — (0.01) Adjusted (Non-GAAP) $ 1,474 $ (566) 61.6 % $ 363 24.6 % $ 337 $ (63) $ 274 $ 1.11 Three-Month Period Ended July 3, 2026 Sales Selling, general and administrative expenses Selling, general and administrative expenses as a % of sales Research and development expenses Research and development expenses as a % of sales Nonoperating income (expense), net (excluding interest) Interest income (expense), net Reported (GAAP) $ 1,474 $ (514) (34.9) % $ (73) (5.0) % $ 1 $ (27) Amortization of acquisition-related intangible assets A — 17 1.2 — — — — Restructuring B — 23 1.6 — — — — Other items C — 2 0.1 — — — — Adjusted (Non-GAAP) $ 1,474 $ (472) (32.0) % $ (73) (5.0) % $ 1 $ (27) VERALTO CORPORATION Other Non-GAAP Adjusted P&L Measures ($ in millions, except per share data) 11
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Three-Month Period Ended July 4, 2025 Sales Cost of sales Gross profit margin Operating profit Operating profit margin Earnings before income taxes Income taxes Net earnings for calculation of diluted net earnings per common share Diluted net earnings per common share Reported (GAAP) $ 1,371 $ (549) 60.0 % $ 313 22.8 % $ 285 $ (63) $ 222 $ 0.89 Amortization of acquisition-related intangible assets A — — — 9 0.7 9 9 0.04 Other items C — — — 3 0.2 3 3 0.01 Tax effect of the above adjustments G (2) (2) (0.01) Adjusted (Non-GAAP) $ 1,371 $ (549) 60.0 % $ 325 23.7 % $ 297 $ (65) $ 232 $ 0.93 Three-Month Period Ended July 4, 2025 Sales Selling, general and administrative expenses Selling, general and administrative expenses as a % of sales Research and development expenses Research and development expenses as a % of sales Nonoperating income (expense), net (excluding interest) Interest income (expense), net Reported (GAAP) $ 1,371 $ (442) (32.2) % $ (67) (4.9) % $ — $ (28) Amortization of acquisition-related intangible assets A — 9 0.7 — — — — Other items C — 3 0.2 — — — — Rounding — — (0.1) — — — — Adjusted (Non-GAAP) $ 1,371 $ (430) (31.4) % $ (67) (4.9) % $ — $ (28) VERALTO CORPORATION Other Non-GAAP Adjusted P&L Measures ($ in millions, except per share data) 12
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Six-Month Period Ended July 3, 2026 Sales Cost of sales Gross profit margin Operating profit Operating profit margin Earnings before income taxes Income taxes Net earnings for calculation of diluted net earnings per common share Diluted net earnings per common share Reported (GAAP) $ 2,896 $ (1,140) 60.6 % $ 653 22.5 % $ 610 $ (115) $ 495 $ 2.00 Amortization of acquisition-related intangible assets A — — — 30 1.0 30 30 0.12 Restructuring B — 6 0.2 29 1.0 29 29 0.12 Other items C — — — 7 0.2 7 7 0.03 Fair value (gain) loss on investments D — — — — — (7) (7) (0.03) Amortization of inventory step-up E — — — 1 0.1 1 1 — Tax effect of the above adjustments G (12) (12) (0.05) Discrete tax adjustments H (3) (3) (0.01) Rounding — — — — 0.1 — — — — Adjusted (Non-GAAP) $ 2,896 $ (1,134) 60.8 % $ 720 24.9 % $ 670 $ (130) $ 540 $ 2.18 Six-Month Period Ended July 3, 2026 Sales Selling, general and administrative expenses Selling, general and administrative expenses as a % of sales Research and development expenses Research and development expenses as a % of sales Nonoperating income (expense), net (excluding interest) Interest income (expense), net Reported (GAAP) $ 2,896 $ (962) (33.2) % $ (141) (4.9) % $ 8 $ (51) Amortization of acquisition-related intangible assets A — 30 1.0 — — — — Restructuring B — 23 0.8 — — — — Other items C — 7 0.2 — — — — Fair value (gain) loss on investments D — — — — — (7) — Amortization of inventory step-up E — 1 — — — — — Rounding — — 0.1 — — — — Adjusted (Non-GAAP) $ 2,896 $ (901) (31.1) % $ (141) (4.9) % $ 1 $ (51) VERALTO CORPORATION Other Non-GAAP Adjusted P&L Measures ($ in millions, except per share data) 13
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Six-Month Period Ended July 4, 2025 Sales Cost of sales Gross profit margin Operating profit Operating profit margin Earnings before income taxes Income taxes Net earnings for calculation of diluted net earnings per common share Diluted net earnings per common share Reported (GAAP) $ 2,703 $ (1,076) 60.2 % $ 635 23.5 % $ 574 $ (127) $ 447 $ 1.79 Amortization of acquisition-related intangible assets A — — — 18 0.7 18 18 0.07 Other items C — — — 5 0.2 5 5 0.02 Loss on disposition of certain product lines F — — — — — 6 6 0.02 Tax effect of the above adjustments G (5) (5) (0.02) Discrete tax adjustments H (2) (2) (0.01) Rounding — — — — (0.1) — — — 0.01 Adjusted (Non-GAAP) $ 2,703 $ (1,076) 60.2 % $ 658 24.3 % $ 603 $ (134) $ 469 $ 1.88 Six-Month Period Ended July 4, 2025 Sales Selling, general and administrative expenses Selling, general and administrative expenses as a % of sales Research and development expenses Research and development expenses as a % of sales Nonoperating income (expense), net (excluding interest) Interest income (expense), net Reported (GAAP) $ 2,703 $ (861) (31.9) % $ (131) (4.8) % $ (6) $ (55) Amortization of acquisition-related intangible assets A — 18 0.7 — — — — Other items C — 5 0.2 — — — — Loss on disposition of certain product lines F — — — — — 6 — Adjusted (Non-GAAP) $ 2,703 $ (838) (31.0) % $ (131) (4.8) % $ — $ (55) VERALTO CORPORATION Other Non-GAAP Adjusted P&L Measures ($ in millions, except per share data) 14
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A Amortization of acquisition-related intangible assets in the following historical periods (only the pretax amounts set forth below are reflected in the amortization line item above): Three-Month Period Ended Six-Month Period Ended July 3, 2026 July 4, 2025 July 3, 2026 July 4, 2025 Pretax $ 17 $ 9 $ 30 $ 18 After-tax 14 7 24 14 B Costs incurred during the three and six-month periods ended July 3, 2026 related to the 2026 Cost Optimization Program ($29 million pretax as reported in this line item, $21 million after-tax). C Costs incurred during the three-month periods ended July 3, 2026 and July 4, 2025 related to certain strategic initiatives ($2 million pretax and after-tax, and $3 million pretax and after-tax as reported in this line item, respectively). Costs incurred during the six-month periods ended July 3, 2026 and July 4, 2025 related to certain strategic initiatives ($7 million and $5 million pretax as reported in this line item, $7 million and $4 million after-tax, respectively). D Fair value gain from the step acquisition of our previously held minority ownership interest in In-Situ during the six-month period ended July 3, 2026 ($7 million pretax as reported in this line item, $5 million after-tax). E Amortization of the acquisition-related fair value adjustment to inventory related to the acquisition of In-Situ during the six-month period ended July 3, 2026. F Loss on the disposition of certain product lines in the six-month period ended July 4, 2025 ($6 million pretax and after-tax as reported in this line item). G This line item reflects the aggregate tax effect of all nontax adjustments reflected in the preceding line items of the table. In addition, the footnotes above indicate the after-tax amount of each individual adjustment item. Veralto estimates the tax effect of each adjustment item by applying Veralto’s overall estimated effective tax rate to the pretax amount, unless the nature of the item and/or the tax jurisdiction in which the item has been recorded requires application of a specific tax rate or tax treatment, in which case the tax effect of such item is estimated by applying such specific tax rate or tax treatment. H Discrete tax matters relate to changes in estimates associated with prior period uncertain tax positions, audit settlements and excess tax benefits from stock-based compensation. VERALTO CORPORATION Other Non-GAAP Adjusted P&L Measures ($ in millions, except per share data) 15
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Segments Total Company Water Quality Product Quality & Innovation Three-Month Period Ended July 4, 2025 Operating Profit Margins (GAAP) 22.8 % 25.6 % 24.5 % Restructuring costs incurred related to the 2026 Cost Optimization Program (2.0) (0.6) (3.8) Impact of acquisitions and dispositions (0.2) (0.4) — Costs incurred related to certain strategic initiatives, including transaction costs incurred related to the acquisitions of In-Situ and GlobalVision (0.2) — (0.5) Transaction costs incurred during the second quarter of 2025 related to certain strategic initiatives 0.1 — — Year-over-year core operating profit margin changes for the second quarter 2026 (defined as all year- over-year operating profit margin changes other than the changes identified in the line items above) (non-GAAP) 0.9 0.5 0.8 Three-Month Period Ended July 3, 2026 Operating Profit Margins (GAAP) 21.4 % 25.1 % 21.0 % Segments Total Company Water Quality Product Quality & Innovation Six-Month Period Ended July 4, 2025 Operating Profit Margins (GAAP) 23.5 % 25.3 % 25.8 % Restructuring costs incurred related to the 2026 Cost Optimization Program (1.0) (0.3) (1.9) Impact of acquisitions and dispositions (0.1) (0.3) 0.1 Costs incurred related to certain strategic initiatives, including transaction costs incurred related to the acquisitions of In-Situ and GlobalVision (0.3) (0.2) (0.5) Acquisition-related fair value adjustment to inventory related to the acquisition of In-Situ — (0.1) — Transaction costs incurred during the first six months of 2025 related to certain strategic initiatives 0.1 — — Year-over-year core operating profit margin changes for first six months of 2026 (defined as all year- over-year operating profit margin changes other than the changes identified in the line items above) (non-GAAP) 0.3 0.2 0.1 Six-Month Period Ended July 3, 2026 Operating Profit Margins (GAAP) 22.5 % 24.6 % 23.6 % VERALTO CORPORATION Operating Profit Margin and Year-Over-Year Core Operating Margin Changes 16
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Three-Month Period Ended Year-over-Year Change Six-Month Period Ended Year-over-Year ChangeJuly 3, 2026 July 4, 2025 July 3, 2026 July 4, 2025 Total Cash Flows (GAAP): Net cash provided by operating activities (GAAP) $ 340 $ 339 $ 522 $ 496 Total cash used in investing activities (GAAP) $ (206) $ (40) $ (645) $ (51) Total cash used in financing activities (GAAP) $ 558 $ (15) $ 226 $ (41) Free Cash Flow (non-GAAP): Total cash provided by operating activities (GAAP) $ 340 $ 339 ~ 0.5 % $ 522 $ 496 ~ 5.0 % Less: payments for additions to property, plant & equipment (capital expenditures) (GAAP) (12) (16) (24) (31) Free cash flow (non-GAAP) $ 328 $ 323 ~ 1.5 % $ 498 $ 465 ~ 7.0 % Operating Cash Flow to Net Earnings Ratio (GAAP) Net cash provided by operating activities (GAAP) $ 340 $ 339 $ 522 $ 496 Net earnings (GAAP) $ 241 $ 222 $ 495 $ 447 Operating cash flow to net earnings conversion ratio (GAAP) 1.41 1.53 1.05 1.11 Free Cash Flow to Net Earnings Conversion Ratio (non-GAAP): Free cash flow from above (non-GAAP) $ 328 $ 323 $ 498 $ 465 Net earnings (GAAP) $ 241 $ 222 $ 495 $ 447 Free cash flow to net earnings conversion ratio (non- GAAP) 1.36 1.45 1.01 1.04 We define free cash flow as operating cash flows, less payments for additions to property, plant and equipment (“capital expenditures”) plus the proceeds from sales of property, plant and equipment (“capital disposals”). VERALTO CORPORATION Cash Flow, Free Cash Flow, Operating Cash Flow to Net Earnings Ratio, Free Cash Flow to Net Earnings Conversion Ratio and Free Cash Flow Margin ($ in millions) 17
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Three-Month Period Ended July 3, 2026 April 3, 2026 December 31, 2025 October 3, 2025 Free Cash Flow Margin (non-GAAP) Free Cash Flow (non-GAAP) $ 328 $ 170 $ 291 $ 258 Sales (GAAP) $ 1,474 $ 1,422 $ 1,396 $ 1,404 Trailing Twelve Month Free Cash Flow (non-GAAP) $ 1,047 Trailing Twelve Month Sales (GAAP) $ 5,696 Free Cash Flow Margin (non-GAAP) 18.4 % We define free cash flow as operating cash flows, less payments for additions to property, plant and equipment (“capital expenditures”) plus the proceeds from sales of property, plant and equipment (“capital disposals”). VERALTO CORPORATION Cash Flow, Free Cash Flow, Operating Cash Flow to Net Earnings Ratio, Free Cash Flow to Net Earnings Conversion Ratio and Free Cash Flow Margin ($ in millions) 18
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Each of the non-GAAP measures set forth above should be considered in addition to, and not as a replacement for or superior to, the comparable GAAP measure, and may not be comparable to similarly titled measures reported by other companies. Management believes that these measures provide useful information to investors by offering additional ways of viewing Veralto Corporation’s (“Veralto” or the “Company”) results that, when reconciled to the corresponding GAAP measure, help our investors: • with respect to the profitability-related non-GAAP measures, understand the long-term profitability trends of our business and compare our profitability to prior and future periods and to our peers; • with respect to core sales and related sales measures, identify underlying growth trends in our business and compare our sales performance with prior and future periods and to our peers; and • with respect to free cash flow and related cash flow measures (the “FCF Measure”), understand Veralto’s ability to generate cash without external financings, strengthen its balance sheet, invest in its business and grow its business through acquisitions and other strategic opportunities (although a limitation of free cash flow is that it does not take into account the Company’s non-discretionary expenditures, and as a result the entire free cash flow amount is not necessarily available for discretionary expenditures). Management uses these non-GAAP measures to measure the Company’s operating and financial performance. • The items excluded from the non-GAAP measures set forth above have been excluded for the following reasons: ◦ Amortization of Intangible Assets: We exclude the amortization of acquisition-related intangible assets because the amount and timing of such charges are significantly impacted by the timing, size, number and nature of the acquisitions we consummate. While we have a history of significant acquisition activity, we do not acquire businesses on a predictable cycle, and the amount of an acquisition’s purchase price allocated to intangible assets and related amortization term are unique to each acquisition and can vary significantly from acquisition to acquisition. Exclusion of this amortization expense facilitates more consistent comparisons of operating results over time between our newly acquired and long-held businesses, and with both acquisitive and non-acquisitive peer companies. We believe however that it is important for investors to understand that such intangible assets contribute to sales generation and that intangible asset amortization related to past acquisitions will recur in future periods until such intangible assets have been fully amortized. ◦ Restructuring Charges: We exclude costs incurred pursuant to discrete restructuring plans that are fundamentally different (in terms of the size, strategic nature and planning requirements, as well as the inconsistent frequency, of such plans) from the ongoing productivity improvements that result from application of the Veralto Enterprise System. Because these restructuring plans are incremental to the core activities that arise in the ordinary course of our business and we believe are not indicative of Veralto’s ongoing operating costs in a given period, we exclude these costs to facilitate a more consistent comparison of operating results over time. ◦ Other Adjustments: With respect to the other items excluded from the profitability-related non-GAAP measures, we exclude these items because they are of a nature and/or size that occur with inconsistent frequency, occur for reasons that may be unrelated to Veralto’s commercial performance during the period and/or we believe that such items may obscure underlying business trends and make comparisons of long-term performance difficult. ◦ With respect to core operating profit margin changes, in addition to the explanation set forth in the bullets above relating to “restructuring charges” and “other adjustments”, we exclude the impact of businesses owned for less than one year (or disposed of during such period VERALTO CORPORATION Statement Regarding Non-GAAP Measures 19
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and not treated as discontinued operations) because the timing, size, number and nature of such transactions can vary significantly from period to period and may obscure underlying business trends and make comparisons of long-term performance difficult. • We calculate adjusted EBITDA by adding to operating profit amounts equal to depreciation and amortization and making the other adjustments reflected in the applicable tables above, which allows us to calculate and disclose such measure by segment. Given Veralto’s diversification, we believe this helps our investors compare the profitability of our individual segments to peer companies with like business lines. • With respect to core sales related measures, (1) we exclude the impact of currency translation because it is not under management’s control, is subject to volatility and can obscure underlying business trends, and (2) we exclude the effect of acquisitions and divested product lines because the timing, size, number and nature of such transactions can vary significantly from period-to-period and between us and our peers, which we believe may obscure underlying business trends and make comparisons of long-term performance difficult. • With respect to the FCF Measure, we exclude payments for additions to property, plant and equipment (net of the proceeds from capital disposals) to demonstrate the amount of operating cash flow for the period that remains after accounting for the Company’s capital expenditure requirements. • We calculate gross leverage and net leverage as the ratio of debt and net debt (defined as total debt less cash and cash equivalents) to trailing twelve month adjusted EBITDA. Trailing Twelve Month EBITDA is an ongoing liquidity measure and is calculated as the sum of adjusted EBITDA for the previous four quarters. We believe these liquidity measures help our investors to assess our liquidity relative to peer companies. VERALTO CORPORATION Statement Regarding Non-GAAP Measures 20
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