Danaher Corporation

DHR
Sector

Healthcare

Industry

Diagnostics & Research

Market Cap

$169.37B

Employees

63K

Company Overview

Danaher Corporation is a global science and technology innovator focused on improving human health. The company operates through three segments: Biotechnology, Life Sciences, and Diagnostics, offering a wide range of products and services. Danaher's competitive advantage lies in its recurring revenue model, direct sales approach, and the application of the Danaher Business System (DBS). They have a significant geographic presence with facilities in over 50 countries.

Filing Highlights

Key insights and themes extracted from this filing

10 Themes

Financial Performance

3 Insights

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.

Growth & Strategy

3 Insights

Management Execution

3 Insights

Risk Factors

3 Insights

Competitive Position

3 Insights

Operational Efficiency

3 Insights

Innovation & Technology

3 Insights

Capital Allocation

3 Insights

ESG initiatives

3 Insights

Market Environment

3 Insights