Danaher Says 2022 ‘Another Great Year,’ Delivers Around 10% Core Revenue Growth

• Danaher Corp (NYSE: DHR) has logged Q4 FY22 adjusted EPS of $2.87, up 6.5% Y/Y, surpassing the estimate of $2.51.

• Sales increased 2.5% to $8.36 billion, with 7.5% non-GAAP core and 7.5% non-GAAP base business core revenue growth, beating the $7.88 billion estimate.

• Revenues for FY22 increased 7.0% to $31.5 billion. Non-GAAP core revenue growth was 9.5%.

• Operating cash flow for FY22 reached $8.5 billion. Non-GAAP free cash flow reached $7.4 billion.

• The gross margin compressed slightly from 60.7% to 59.0%, and the operating margin improved from 26.4% a year ago to 27.4%.

• In September, Danaher announced its intention to separate its Environmental & Applied Solutions segment to create an independent, publicly traded company.

• The new company will be comprised of Danaher’s Water Quality and Product Identification businesses and will be referred to as “EAS.”

• In FY22, the segment generated sales of $4.83 billion, up 4% Y/Y, with an operating margin of 23.5%, up from 22.7% a year ago.

• Outlook: For Q1 FY23, the company anticipates non-GAAP base business core revenue growth will be up mid-single digits.

• For FY23, the company anticipates non-GAAP base business core revenue to be up high-single digits.

• Price Action: DHR shares are up 0.29% at $277.80 during the premarket session on the last check Tuesday.

• Photo Via Company

Don’t miss real-time alerts on your stocks – join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better.

This article originally appeared on Benzinga.com

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.