Healthcare
Diagnostics & Research
$200.81B
122K
Key insights and themes extracted from this filing
Total revenues decreased by 3% year-over-year, from $10.71 billion to $10.345 billion. This decline is primarily attributed to reduced demand for COVID-19 related products and a challenging macroeconomic environment.
GAAP operating income increased by 6% year-over-year, from $1.563 billion to $1.663 billion, driven by productivity improvements and pricing realization, partially offset by unfavorable business mix and strategic investments.
GAAP diluted earnings per share increased by 4% year-over-year, from $3.32 to $3.46, reflecting improved profitability despite the revenue decline.