Healthcare
Diagnostics & Research
$169.37B
63K
Key insights and themes extracted from this filing
Overall revenues increased 3.0% year-over-year, but core sales only increased 0.5%, with acquisitions contributing 2.5% to the growth. This suggests that the company's organic growth is lagging behind its acquisition-driven expansion.
Operating profit margins decreased by 460 basis points year-over-year, driven by a $222 million impairment charge related to a trade name in the Life Sciences segment and dilutive effects from recent acquisitions. This indicates pressure on profitability despite revenue growth.
Net earnings from continuing operations decreased from $940 million to $818 million for the three-month period, and from $3.1 billion to $2.8 billion for the nine-month period. This decline is attributed to the impairment charges and increased operating expenses.