2024-03-05 15:15:02 ET
Danaher Corporation (DHR)
TD Cowen 44th Annual Health Care Conference
March 05, 2024 11:10 AM ET
Company Participants
Rainer Blair - President, CEO
Conference Call Participants
Dan Brennan - TD Cowen
Presentation
Dan Brennan
Thank you. Dan Brennan from TD Cowen Life Science Tools Diagnostics. And we're here at 44th Annual Global Healthcare Conference. Really pleased to be joined here on the stage Rainer Blair, President and CEO of Danaher Corporation. So Rainer, thank you very much for being here.
Rainer Blair
Thanks, Dan. Good to see you.
Dan Brennan
As a reminder, you took over CEO of Danaher back September 2020, in the middle of COVID, quite a volatile period. You set your steady-state growth rate high single digits back in, I think, the fall of 2022. Maybe just speak to the key drivers of that kind of growth rate, your confidence and then outlook given the continued end market volatility since it was offered?
Rainer Blair
Happy to. I think there's a number of dimensions here to talk about which provide us confidence in that long-range outlook. The first would be our portfolio transformation. We've work very hard here to drive our portfolio towards the most attractive end markets. And if you reflect on that, we created a couple of new public companies with Envista and Veralto which can now pursue their own strategies, but ultimately help elevate our growth rate....
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Danaher Corporation (DHR) TD Cowen 44th Annual Health Care Conference (Transcript)