Danaher Corporation (DHR)

Sector: Healthcare|Industry: Diagnostics & Research|Market Cap: $169.37B|Employees: 63K


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.

  1. Filings

Filing Highlights

Financial Performance

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

Management Execution

Risk Factors

Competitive Position

Operational Efficiency

Innovation & Technology

Capital Allocation

ESG initiatives

Market Environment