Danaher Reports Fourth Quarter and Full Year 2024 Results

Original from: Danaher

Danaher Corporation (NYSE: DHR) (the "Company") today announced results for the fourth quarter and full year 2024.  All results in this release reflect only continuing operations unless otherwise noted.

Key Fourth Quarter 2024 Results

Net earnings were $1.1 billion, or $1.49 per diluted common share and non-GAAP adjusted diluted net earnings per common share were $2.14.

Revenues increased 2.0% year-over-year to $6.5 billion and non-GAAP core revenue increased 1.0%.

Operating cash flow was $2.0 billion and non-GAAP free cash flow was $1.5 billion.

Key Full Year 2024 Results

Net earnings were $3.9 billion, or $5.29 per diluted common share and non-GAAP adjusted diluted net earnings per common share were $7.48.

Revenues of $23.9 billion were flat year-over-year and non-GAAP core revenue decreased 1.5%.

Operating cash flow was $6.7 billion and non-GAAP free cash flow was $5.3 billion.

Rainer M. Blair, President and Chief Executive Officer, stated, "We finished the year strong, with better-than-anticipated core revenue in all three of our segments.  Good execution by our team also drove solid cash flow and operating margin expansion."

Blair continued, "Looking ahead, we believe Danaher is better positioned than at any point in our 40-year history.  The transformation in our portfolio over the last several years has created a focused life sciences and diagnostics innovator, poised for higher long-term growth, expanded margins and stronger cash flow."

First Quarter and Full Year 2025 Outlook

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 the first quarter 2025, the Company anticipates that non-GAAP core revenue will decline low-single digits year-over-year.  For full year 2025, the Company expects that non-GAAP core revenue will increase approximately 3% year-over-year.

Source: Danaher Reports Fourth Quarter and Full Year 2024 Results