The chart below shows how DHR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, DHR sees a +0.54% change in stock price 10 days leading up to the earnings, and a -0.55% change 10 days following the report. On the earnings day itself, the stock moves by -0.85%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Core Revenue Growth: Sales were $5.8 billion in the third quarter and we delivered 0.5% core revenue growth.
Developed Markets Revenue Growth: Geographically, core revenues in developed markets increased low single-digits with low single-digit growth in North America and mid-single-digit growth in Western Europe.
Profit Margin Analysis: Our gross profit margin for the second quarter was 58.7% and our adjusted operating profit margin of 27.5% was down 10 basis points as accelerated investments in innovation offset the favorable impact of cost-saving initiatives.
Free Cash Flow Performance: Adjusted diluted net earnings per common share of $1.71 were essentially flat year-over-year and we generated $1.2 billion of free cash flow in the quarter and $3.8 billion year-to-date, resulting in a year-to-date free cash flow to net income conversion ratio of 135%.
Life Sciences Revenue Decline: Core revenue in our Life Sciences segment decreased by 2%, in line with our expectations.
Negative
Core Revenue Growth: Sales were $5.8 billion in the third quarter and we delivered 0.5% core revenue growth.
Developed Markets Revenue Growth: Geographically, core revenues in developed markets increased low single-digits with low single-digit growth in North America and mid-single-digit growth in Western Europe.
Profit Margin Analysis: Our gross profit margin for the second quarter was 58.7% and our adjusted operating profit margin of 27.5% was down 10 basis points as accelerated investments in innovation offset the favorable impact of cost saving initiatives.
Free Cash Flow Performance: Adjusted diluted net earnings per common share of $1.71 were essentially flat year-over-year and we generated $1.2 billion of free cash flow in the quarter and $3.8 billion year-to-date, resulting in a year-to-date free cash flow to net income conversion ratio of 135%.
Biotechnology Segment Performance: Core revenue in our Biotechnology segment was flat year-over-year, with our bioprocessing business up low single-digits and our discovery and medical business down high single-digits.
Danaher Corporation (DHR) Q3 2024 Earnings Call Transcript
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