Danaher Q1 2022 Earnings Report
Key Takeaways
Danaher Corporation reported a strong start to the year, exceeding initial expectations with double-digit core revenue growth. The company's Q1 results showed a 12.0% increase in revenues year-over-year, reaching $7.7 billion, and a 9.5% increase in non-GAAP adjusted diluted net earnings per common share.
Revenues increased by 12.0% year-over-year to $7.7 billion.
Non-GAAP core revenue growth was 12.0%.
Net earnings were $1.7 billion, or $2.31 per diluted common share, a 1.0% increase over 2021.
Non-GAAP adjusted diluted net earnings per common share were $2.76, a 9.5% increase over 2021.
Danaher
Danaher
Forward Guidance
For the second quarter 2022, the Company anticipates that non-GAAP base business core revenue growth will be in the mid-single digit percent range, which includes an approximately 200 to 300 basis point headwind from the COVID-19 related shutdowns in China. For the full year 2022, the Company continues to expect non-GAAP base business core revenue growth will be in the high-single digit percent range.
Challenges Ahead
- Non-GAAP base business core revenue growth for Q2 2022 will be in the mid-single digit percent range.
- This includes an approximately 200 to 300 basis point headwind from the COVID-19 related shutdowns in China.