Veralto Corp (VLTO) News & EventsVLTOVeralto Corp

Woodward Appoints Paxton McVoy as Chief Information Officer

Woodward (WWD) announced the appointment of Paxton McVoy as executive VP and chief information officer, or CIO, effective Oct. 19. He will join the company's executive leadership team, reporting directly to CEO Chip Blankenship. In this newly created role, McVoy will lead Woodward's global information technology organization and set the direction for the company's digital strategy, including enterprise resource planning, data and analytics, artificial intelligence, cybersecurity, and technology-enabled business transformation. McVoy joins Woodward from Veralto (VLTO), where he was senior VP and chief information officer.

Veralto to Acquire Cleanwater for $465M

Veralto announced it has entered into a definitive agreement to acquire Cleanwater for $465M, subject to customary closing adjustments. After considering estimated tax benefits, the net purchase price is approximately $452M. The transaction is expected to be completed in the Q4, subject to customary closing conditions. Cleanwater is a leading provider of on-site hypochlorite disinfection, solids management and odor filtration technologies with an installed base of approximately 25,000 units across municipal drinking water, wastewater and industrial applications. The net purchase price, after considering estimated tax benefits, of $452M represents approximately 17x Cleanwater1's last twelve months adjusted EBITDA as of June 30. Over the LTM period, Cleanwater generated approximately $135M in sales, of which approximately 25% were aftermarket sales. The acquisition is expected to be neutral to modestly accretive to Veralto's adjusted earnings per share in 2027 and generate a return on invested capital at or above the Company's weighted average cost of capital by year four.

Company Raises FY26 Core Sales Growth to 4.0%-4.5%

FY26 consensus $4.25. For the full year 2026, the company raised its non-GAAP core sales growth to a range of 4.0% to 4.5% year-over-year, up from the prior guidance range of 3.0% to 4.5%. Adjusted operating profit margin is expected to expand 25 to 50 basis points year-over-year, including the benefit of IEEPA tariff refunds received in the second quarter. FY26 revenue consensus $5.87B.