Veralto Q2 FY26: Two acquisitions ($621M combined) and $725M debt raise fund growth as margins compress 100bp on restructuring

Filed July 29, 2026 · Period ending July 3, 2026 · Compared to 10-Q Jul 28, 2025 · ~1 min read

Key Changes

• high

  Acquired In-Situ ($426M) and GlobalVision ($195M) in Q1-Q2 FY26, adding environmental water monitoring and AI-augmented packaging compliance capabilities to Water Quality and Product Quality segments.

  MD&A: Acquisitions verify on EDGAR →
• high

  Operating margin compressed 100bp YoY (23.5% to 22.5%) driven by restructuring charges from the 2026 Cost Optimization Program (100bp impact) and acquisition transaction costs (30bp), partially offset by IEEPA tariff recoveries (30bp).

  MD&A: Operating Margins verify on EDGAR →
• high

  Issued $725M of senior unsecured notes maturing 2032 for general corporate purposes; repurchased $434M of shares during the six-month period, funded by debt proceeds and operating cash flows.

  MD&A: Capital Allocation verify on EDGAR →