James Fisher sees 1H underlying operating profit at around EUR 11m

James Fisher sees 1H underlying operating profit at around EUR 11m

Veralto (VLTO) and EssilorLuxottica (EL) both reported robust earnings for the second quarter of 2025, with Veralto's performance exceeding Wall Street expectations and EssilorLuxottica's operating profit rising despite the impact of U.S. tariffs.

Veralto reported $1.37 billion in revenue for the quarter ended June 2025, marking a 6.4% year-over-year increase. The company's earnings per share (EPS) for the same period was $0.93, a 4.49% increase compared to the previous year's EPS of $0.85. This performance exceeded the Zacks Consensus Estimate of $1.34 billion in revenue and $0.89 in EPS [1].

Veralto's sales in the areas of Product Quality & Innovation and Water Quality also showed strong growth. Sales in Product Quality & Innovation reached $546 million, a 6.9% increase year-over-year, while sales in Water Quality reached $825 million, a 6.2% increase. Operating profit in these areas also showed positive growth, with operating profit in Water Quality reaching $211 million, a 6.2% increase, and operating profit in Product Quality & Innovation reaching $134 million, a 6.9% increase [1].

EssilorLuxottica reported a 4.1% increase in operating profit for the first half of 2025, totaling €2.53 billion. This performance was slightly below the Visible Alpha analyst consensus of €2.55 billion. The company's second-quarter revenue rose 3.2% at current exchange rates, with a 7.3% increase net of the exchange effect. The group's long-term outlook remains unchanged [2].

Both companies' stock performance has been positive over the past month. Veralto's shares have returned +2.2% compared to the Zacks S&P 500 composite's +4.9% change. EssilorLuxottica's stock performance is not explicitly mentioned in the provided source materials. Veralto has been assigned a Zacks Rank #2 (Buy), indicating a potential outperformance of the broader market in the near term [1].

References:
[1] https://finance.yahoo.com/news/heres-key-metrics-tell-us-000002902.html
[2] https://www.tradingview.com/news/reuters.com,2025:newsml_L8N3TP1I6:0-essilorluxottica-operating-profit-up-4-1-despite-us-tariffs/