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.
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