Danaher Confirms Third Quarter and Full Year 2024 Guidance
Rhea-AI Summary
Danaher (NYSE: DHR) has reaffirmed its previously issued guidance for the third quarter and full year 2024. The company expects non-GAAP core revenue to decline by low-single digits year-over-year for both periods. This confirmation comes ahead of a scheduled analyst event on September 5, 2024, in Washington, D.C., hosted by Julie Sawyer Montgomery, Executive Vice President of Diagnostics.
Danaher provides forecasts only on a non-GAAP core revenue basis due to difficulties in estimating other GAAP revenue components such as currency translation, acquisitions, and divested product lines. The analyst meeting will be webcast on Danaher's website, with a replay available after the presentation.
Positive
- Reaffirmation of previously issued guidance, indicating stability in financial outlook
- Transparency in providing forward-looking financial information to investors
- Scheduled analyst meeting, demonstrating commitment to investor communication
Negative
- Projected decline in non-GAAP core revenue for both Q3 and full year 2024
- guidance provided, focusing only on non-GAAP core revenue
News Market Reaction
On the day this news was published, DHR gained 0.08%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
The Company provides forecasted sales only on a non-GAAP core revenue basis because of the difficulty in estimating the other components of GAAP revenue, such as currency translation, acquisitions and divested product lines. For both the third quarter and full year 2024, the Company continues to expect that non-GAAP core revenue will be down low-single digits year-over-year.
As previously announced, Danaher will hold an analyst meeting in
ABOUT DANAHER
Danaher is a leading global life sciences and diagnostics innovator, committed to accelerating the power of science and technology to improve human health. Our businesses partner closely with customers to solve many of the most important health challenges impacting patients around the world. Danaher's advanced science and technology - and proven ability to innovate - help enable faster, more accurate diagnoses and help reduce the time and cost needed to sustainably discover, develop and deliver life-changing therapies. Focused on scientific excellence, innovation and continuous improvement, our approximately 63,000 associates worldwide help ensure that Danaher is improving quality of life for billions of people today, while setting the foundation for a healthier, more sustainable tomorrow. Explore more at www.danaher.com.
FORWARD-LOOKING STATEMENTS
Statements in this release that are not strictly historical, including the statements regarding the Company's anticipated financial results for the third quarter and full year 2024 and any other statements regarding events or developments that we believe or anticipate will or may occur in the future are "forward-looking" statements within the meaning of the federal securities laws. There are a number of important factors that could cause actual results, developments and business decisions to differ materially from those suggested or indicated by such forward-looking statements and you should not place undue reliance on any such forward-looking statements. These factors include, among other things: unanticipated, further declines in demand for our COVID-19 related products, the impact of global health crises, the impact of our debt obligations on our operations and liquidity, deterioration of or instability in the global economy, the markets we serve and the financial markets, uncertainties with respect to the development, deployment, and use of artificial intelligence in our business and products, uncertainties relating to national laws or policies, including laws or policies to protect or promote domestic interests and/or address foreign competition, contractions or growth rates and cyclicality of markets we serve, competition, our ability to develop and successfully market new products and technologies and expand into new markets, the potential for improper conduct by our employees, agents or business partners, our compliance with applicable laws and regulations (including rules relating to off-label marketing and other regulations relating to medical devices and the health care industry), the results of our clinical trials and perceptions thereof, our ability to effectively address cost reductions and other changes in the health care industry, our ability to successfully identify and consummate appropriate acquisitions and strategic investments, our ability to integrate the businesses we acquire and achieve the anticipated growth, synergies and other benefits of such acquisitions, contingent liabilities and other risks relating to acquisitions, investments, strategic relationships and divestitures (including tax-related and other contingent liabilities relating to past and future IPOs, split-offs or spin-offs), security breaches or other disruptions of our information technology systems or violations of data privacy laws, the impact of our restructuring activities on our ability to grow, risks relating to potential impairment of goodwill and other intangible assets, currency exchange rates, tax audits and changes in our tax rate and income tax liabilities, changes in tax laws applicable to multinational companies, litigation and other contingent liabilities including intellectual property and environmental, health and safety matters, the rights of
View original content:https://www.prnewswire.com/news-releases/danaher-confirms-third-quarter-and-full-year-2024-guidance-302238099.html
SOURCE Danaher Corporation
FAQ
What is Danaher's revenue guidance for Q3 and full year 2024?
Why does Danaher only provide non-GAAP core revenue guidance?
When and where is Danaher's upcoming analyst meeting?
Who will host Danaher's September 2024 analyst meeting?
