Danaher Q3 2023 Earnings Report
Key Takeaways
Danaher Corporation reported a 10.5% year-over-year decrease in revenues to $6.9 billion. Net earnings were $1.1 billion, or $1.51 per diluted common share. Non-GAAP adjusted diluted net earnings per common share were $2.02. The company's third quarter results include the operations of Veralto Corporation, which was spun-off on September 30, 2023.
Net earnings reached $1.1 billion, with diluted earnings per share at $1.51.
Non-GAAP adjusted diluted earnings per share stood at $2.02.
Revenue totaled $6.9 billion, reflecting a 10.5% decrease year-over-year.
Operating cash flow was $1.7 billion and non-GAAP free cash flow was $1.3 billion.
Danaher
Danaher
Forward Guidance
For the fourth quarter 2023, the Company anticipates that non-GAAP base business core revenue from continuing operations will be down mid-single digits year-over-year. For full year 2023, the Company anticipates that non-GAAP base business core revenue from continuing operations will be down slightly year-over-year.