Danaher Corp

DHR: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$315.00	Gjdnrn	Wdtchgvgf

Danaher Earnings: COVID-19 and Other Headwinds Cut Into Profits and 2023 Outlook

Julie Utterback

Apr 25, 2023

Narrow-moat Danaher turned in weak first-quarter results relative to a tough comparable period a year ago when the omicron variant was surging, and management reduced its 2023 outlook moderately. However, we think our 2023 cash flow assumptions remain appropriate, and we do not anticipate changing our $242 fair value estimate materially based on this announcement.

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