Veralto Corporation is a global provider of critical technology solutions designed to ensure the safety, quality, and reliability of water, food, pharmaceuticals, and essential goods. Created through the spin-off of Danaher Corporation's Environmental & Applied Solutions segment in September 2023, Veralto operates through two business segments: Water Quality (WQ) and Product Quality & Innovation (PQI).
The Water Quality segment represents approximately 60% of total revenue ($3.32 billion of $5.50 billion in FY 2025). It provides precision instrumentation, chemical reagents, software, and treatment technologies that enable municipal drinking water and wastewater utilities, as well as industrial customers, to measure, analyze, and purify water. Flagship brands in this segment include Hach (water analytics and reagents), ChemTreat (industrial water treatment chemistry and services), and Trojan Technologies (ultraviolet disinfection and water treatment systems).
The Product Quality & Innovation segment generates approximately 40% of total revenue ($2.18 billion in FY 2025). It provides marking and coding equipment, inks, packaging workflow software, print inspection tools, and color specification systems. These solutions assist brand owners and packaging converters with product traceability, regulatory compliance, and brand integrity. Key brands include Videojet and Linx (continuous inkjet and laser marking), Esko (packaging design and prepress software), and X-Rite/Pantone (color measurement hardware, standards, and formulation software).
Veralto operates on a high-recurring-revenue business model, with more than 50% of revenue derived from recurring streams including consumables, chemical supplies, software licenses, parts, and maintenance services. Geographically, the company generates roughly 48% of its sales in North America, 22-23% in Western Europe, and approximately 27-30% across high-growth and other global markets. The company operates according to the Veralto Enterprise System (VES), an operating model adapted from the Danaher Business System focused on lean manufacturing, continuous improvement, and disciplined capital allocation.
