Move reflects increasing investment in AI as driving force for innovation and productivity.Company will host Innovation Summit in December focused on AI in R&D.WASHINGTON, June 5, 2024 /PRNewswire/ -- Danaher Corporation (NYSE: DHR), a global science and technology innovator, today announced the creation of the new role of Chief Data & Artificial Intelligence (AI) Officer and the appointment of Dr. Martin Stumpe to the role.Jose-Carlos Gutierrez-Ramos, Senior Vice President and Chief Science Officer, Danahe ...

A month has gone by since the last earnings report for Danaher (DHR) . Shares have added about 6.7% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Danaher due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Danaher Q1 Earnings Beat, Biotechnology Sales Dip Y/YDanaher’s ...

Danaher Corporation (DHR) has been benefiting from strength in its Life Sciences segment, driven by stable demand in the academic and applied markets, and strong momentum in the genomics consumables business. The company has been witnessing positive responses from its new products like IDBS' Polar Insight and Molecular Devices' CellXpress.ai, which help accelerate the drug discovery process and bring new therapies to market faster. Also, in the Diagnostics unit, new solutions like Beckman Coulter's DxI 9000 ...

Sirius XM Holdings Inc. (SIRI) BofA Securities 2024 Health Care Conference Call May 14, 2024 1:40 PM ET Company Participants Rainer Blair - President and Chief Executive Officer Conference Call Participants Michael Ryskin - Bank of America Michael Ryskin Everyone will kick things off for our next session. My name is Mike Ryskin. I'm on the Bank of America Life Science Tools and Diagnostics teams and I'm thrilled to host Danaher and I'm joined by Rainer Blair, CEO. Rainer, thanks so much for coming. Rainer B ...

Summary of Danaher Corporation's Conference Call Company Overview - **Company**: Danaher Corporation - **Industry**: Life Sciences and Diagnostics - **Conference Date**: May 14, 2024 - **Participants**: Rainer Blair (CEO), Michael Ryskin (Bank of America) Key Points Financial Performance - Danaher reported a strong start to the year with a top line performance contraction of only 4% against guidance of high single digits, achieving operating margins of 30% and generating cash flow of $1.4 billion for the quarter [4][4][4] Bioprocessing Segment - Bioprocessing saw a decline in high teens but showed sequential improvement in order growth, with mid single-digit growth in sequential orders [5][6] - Book-to-bill ratio improved from approximately 0.8-0.85 in the previous quarter to 0.95 in Q1 [7] - Cancellation requests were minimal, indicating improved order visibility [7] - Inventory destocking is expected to be largely resolved by the end of Q2, with large pharma and CDMO customers returning to normal ordering patterns [8][9] - Long-term growth in bioprocessing is projected at high single digits, supported by increasing biologic drug penetration and diverse therapeutic modalities [13][14] Large Pharma Market - Large pharma is experiencing a growth rate of 9-10% in biologics, with a strong pace of innovation and investment [18] - The Inflation Reduction Act (IRA) is expected to favor biologic drugs with longer protection periods, potentially increasing volume-driven business for Danaher [20][21] Instrumentation Segment - Instrumentation, accounting for about 10% of total business, is undergoing normalization after a period of demand pull-forward [23] - Improvements are anticipated in the second half of the year as pharma companies resume normal operations [24] Cepheid Performance - Cepheid has significantly expanded its installed base and assay offerings, with over 30 approved assays in the U.S. and 40 internationally [29] - The long-term growth rate for Cepheid's non-respiratory business is expected to be in the low double digits, above the fleet's growth rate [34] Aldevron and Abcam Updates - Aldevron continues to grow at attractive rates, serving as a gold standard in gene editing solutions [36] - Abcam is in the early stages of integration, with expectations of high single-digit long-term growth [38] Future Outlook - Danaher is positioned to exit the pandemic stronger, with a projected revenue of $24 billion and a long-term growth rate of high single digits [41][42] - The company emphasizes a disciplined approach to M&A, focusing on smaller and medium-sized deals in the current high-interest-rate environment [48] Unique Competitive Advantage - Danaher’s competitive advantage lies in its unique combination of leading assets, a strong operational framework (Danaher Business System), and a disciplined approach to capital allocation [54][55] Additional Insights - The company has transformed its portfolio significantly since 2018, replacing over $7 billion in revenue through strategic acquisitions [41][42] - The focus on cash flow generation and operational efficiency is highlighted as a key differentiator in the life sciences sector [55]

Danaher (DHR) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this industrial and medical device maker have returned -0.4% over the past month versus the Zacks S&P 500 composite's -0.2% change. The Zacks Diversified Operations industry, to which Danaher belongs, has gained 1.6% over this period. Now the key question is: Where could the stock be headed in ...

WASHINGTON, May 7, 2024 /PRNewswire/ -- Danaher Corporation (NYSE: DHR) announced that President and Chief Executive Officer, Rainer M. Blair, will be presenting at the at the Bank of America Securities Health Care Conference in Las Vegas, Nevada on Tuesday, May 14, 2024 at 10:40 a.m. PT. The event will be simultaneously webcast on www.danaher.com.ABOUT DANAHERDanaher is a leading global life sciences and diagnostics innovator, committed to accelerating the power of science and technology to improve human h ...

WOBURN, Mass., May 3, 2024 /PRNewswire/ -- Curiox Biosystems Co. Ltd (Curiox), a leader in the innovation of life science research technologies, and Beckman Coulter Life Sciences, a global leader in laboratory automation and innovation, announce a strategic partnership to provide researchers with a one-stop solution for hands-free washed sample preparation for flow cytometry. See How it Works with Laminar Wash™ The agreement combines the Laminar flow-based gentle liquid exchange technology known as ...

Charts and calculatorCalculator and chartsgettyOne of the best ways to grab a dividend payer set to surge is a strategy you never hear about anymore: Pick up shares of a conglomerate.I know, I know. The word brings to mind “old school” companies like 3M (MMM)—which we discussed a couple weeks ago—and Honeywell International Honeywell International (HON).The deal on these companies is that they’re basically a collection of businesses that often have little overlap. They’re hated by Wall Street because they’r ...

GERMANY - 2024/04/02: In this photo illustration, a Danaher Corporation logo seen displayed on a ... [+] tablet. (Photo Illustration by Igor Golovnov/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesDanaher stock (NYSE: DHR), a conglomerate with products in life sciences, biotechnology, and diagnostics fields, recently posted its Q1 results that exceeded the street expectations. The company reported revenue of $5.8 billion and adjusted earnings of $1.92 per share, compared to ...