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Mar 29, 2024

Danaher Q1 2024 Earnings Report

Danaher reported better-than-expected revenue, earnings and cash flow.

Key Takeaways

Danaher Corporation announced its Q1 2024 results, with net earnings of $1.1 billion, or $1.45 per diluted common share. Non-GAAP adjusted diluted net earnings per common share were $1.92. Revenues decreased 2.5% year-over-year to $5.8 billion, and non-GAAP core revenue decreased 4.0%. Operating cash flow was $1.7 billion, and non-GAAP free cash flow was $1.4 billion.

Net earnings were $1.1 billion, or $1.45 per diluted common share.

Non-GAAP adjusted diluted net earnings per common share were $1.92.

Revenues decreased 2.5% year-over-year to $5.8 billion.

Non-GAAP core revenue decreased 4.0%.

Total Revenue
$5.8B
Previous year: $7.17B
-19.1%
EPS
$1.92
Previous year: $2.36
-18.6%
Core Sales Growth
-4%
Previous year: -4%
+0.0%
Gross Profit
$3.49B
Previous year: $4.37B
-20.2%
Cash and Equivalents
$7.03B
0
Free Cash Flow
$1.4B
Previous year: $1.67B
-16.3%
Total Assets
$83.4B
0

Danaher

Danaher

Forward Guidance

The Company anticipates that non-GAAP core revenue will be down mid-single digits year-over-year for the second quarter 2024. For full year 2024, the Company continues to expect that non-GAAP core revenue will be down low-single digits year-over-year.