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Mar 31, 2023
Danaher Q1 2023 Earnings Report
Danaher experienced a revenue decrease but delivered better-than-expected earnings and cash flow due to focused execution in a challenging environment. Base business performed well.
Key Takeaways
Danaher reported a decrease in revenue by 7.0% year-over-year to $7.2 billion, with a 4.0% non-GAAP core revenue decrease. Net earnings were $1.4 billion, or $1.94 per diluted common share, while non-GAAP adjusted diluted net earnings per common share were $2.36. The company's base business core revenue grew by 6.0%.
Revenues decreased 7.0% year-over-year to $7.2 billion.
Net earnings were $1.4 billion, or $1.94 per diluted common share.
Non-GAAP adjusted diluted net earnings per common share were $2.36.
Non-GAAP base business core revenue growth was 6.0%.
Forward Guidance
The Company anticipates that non-GAAP base business core revenue growth will be up mid-single digits year-over-year for the second quarter and full year 2023.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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