The Water Quality segment experienced a 2.8% sales increase, driven by 6.7% growth in North America. This indicates a strong regional demand for water quality solutions.

Core sales in the marking and coding business increased 3.6% year-over-year, driven by higher consumable demand in the industrial and consumer packaged goods end-markets. This suggests a positive trend in these end-markets.

The company states that Veralto uses VES tools to improve profitability and cash flows, which supports their ability to expand their addressable market and improve market position.

The company is making continued investments in sales and marketing growth initiatives, as well as the costs to operate as a stand-alone company. These investments are impacting SG&A expenses.

The filing explicitly states that there were no material changes to the risk factors previously disclosed, suggesting a stable risk environment or consistent risk management.

The company operates in a highly competitive business environment in most markets, and the Company's long-term growth and profitability will depend on its ability to compete effectively.

The increase in gross profit margins was driven by positive pricing actions and, to a lesser extent, lower material and improved productivity.

Veralto uses VES tools to improve our profitability and cash flows, which support our ability to expand our addressable market and improve our market position through investments in areas such as our commercial organization and research and development (“R&D”), including software and digital solutions.

Aggregate cash payments for dividends on Company common stock during the six-month period ended June 28, 2024 were $44 million. In the second quarter of 2024, the Company declared a regular quarterly dividend of $0.09 per share.

The Company continues to generate substantial cash from operating activities and believes that its operating cash flow and other sources of liquidity will be sufficient to allow it to continue to invest in existing businesses, consummate strategic acquisitions, make interest payments on its outstanding indebtedness, and manage its capital structure on a short and long-term basis.

On April 29, 2024, Surekha Trivedi, Veralto's Senior Vice President, Strategy and Sustainability, adopted a trading plan intended to satisfy the affirmative defense conditions of Rule 10b5-1 under the Exchange Act to sell up to 10,410 shares of common stock.

In the Product Quality and Innovation segment, the Company expects to see steady, modest recovery in the consumer packaged goods markets as the year progresses.

Looking out over the balance of 2024, in the Water Quality Segment, the Company continues to expect positive secular growth drivers across industrial markets particularly in North America, along with steady demand at municipalities.