DHR - Danaher Corporation (DHR) Presents at BofA Securities 2024 Health Care Conference Call Transcript
2024-05-14 17:00:24 ET
Sirius XM Holdings Inc. (SIRI)
BofA Securities 2024 Health Care Conference Call
May 14, 2024, 13:40 PM ET
Company Participants
Rainer Blair - President and Chief Executive Officer
Conference Call Participants
Michael Ryskin - Bank of America
Presentation
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 Blair
Mike, thanks for having us.
Michael Ryskin
We'll do a fireside chat as usual, but just kick things off. You reported 1Q a couple of weeks ago, first name out of the gate, set the tone for tools. Pretty impressive quarter, good start to the year. Anything you want to call out, any opening remarks you want to make?
Rainer Blair
We did have a good start to the year and it started really with our top line performance. We contracted only 4% versus our guide of high single digits and delivered very strong operating margins of 30%, which also exceeded our guide. All that, of course, drove a very strong cash flow of $1.4 billion for the quarter. So, we're gratified and encouraged by the start to the year and look forward to the rest of the year as it develops....
Danaher Corporation (DHR) Presents at BofA Securities 2024 Health Care Conference Call Transcript