Categories AlphaGraphs, Earnings, Industrials

Earnings: Danaher Corporation (DHR) Q1 2023 sales and profit decline

Danaher Corporation (NYSE: DHR), a provider of industrial and medical products, reported lower sales and net profit for the first quarter of 2023.

Danaher Corporation Q1 2023 earnings infographic

The first quarter net income was $1.43 billion, or $1.94 per share, compared to $1.68 billion or $2.31 per share in the same period of last year. Adjusted earnings decreased 14% year-over-year to $2.36 per share.

The bottom line was hurt by a 7% fall in net sales to $7.2 billion, mainly due to lower sales in the Diagnostics and Biotechnology segments.

Prior Performance

  • Danaher Corporation Q4 2022 earnings infographic

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