Danaher Q3 2022 Earnings Report
Key Takeaways
Danaher Corporation announced its Q3 2022 results, with revenues increasing by 6.0% year-over-year to $7.7 billion. Net earnings were $1.6 billion, or $2.10 per diluted common share, a 36.0% increase. Non-GAAP adjusted diluted net earnings per common share were $2.56, a 7.0% increase. Non-GAAP core revenue growth was 10.0%, including 8.5% non-GAAP base business core revenue growth. Operating cash flow was $2.0 billion and non-GAAP free cash flow was $1.7 billion.
Revenues increased 6.0% year-over-year to $7.7 billion.
Net earnings were $1.6 billion, or $2.10 per diluted common share, a 36.0% increase year-over-year.
Non-GAAP adjusted diluted net earnings per common share were $2.56, a 7.0% increase year-over-year.
Non-GAAP core revenue growth was 10.0%, including 8.5% non-GAAP base business core revenue growth.
Danaher
Danaher
Forward Guidance
For the fourth quarter 2022, the Company anticipates that non-GAAP base business core revenue growth will be in the high-single digit percent range. For the full year 2022, the Company is increasing its expectation for non-GAAP core revenue growth to the high-single digit percent range, which includes non-GAAP base business core revenue growth in the high-single digit percent range.
Positive Outlook
- Non-GAAP base business core revenue growth is expected to be in the high-single digit percent range for Q4 2022.
- Non-GAAP core revenue growth is expected to be in the high-single digit percent range for full year 2022.
- Non-GAAP base business core revenue growth is expected to be in the high-single digit percent range for full year 2022.
- Strength of portfolio.
- Talented team and the power of the Danaher Business System.
Challenges Ahead
- Highly uncertain and unpredictable severity, magnitude and duration of the COVID-19 pandemic.
- Impact of debt obligations on operations and liquidity.
- Deterioration of or instability in the economy.
- Contractions or growth rates and cyclicality of markets.
- Competition.