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CLAIM #20530 · DHR (DHR) · 2022Q1 earnings call · Apr 21, 2022 · due Dec 31, 2022

That’s going to continue to pace out as we add line after line after line. But I would say that these are programs that are coming on, on or better than schedule as the team continues to gain speed here not only with their subject matter expertise, which is differentiated.

Rainer Blair · CEO

PENDING
graded after results covering Dec 31, 2022 are reported

In context

adoption. Those are really the foundations that are driving the growth of this business. And the COVID business, it will do what it does, but that variation is within the realm of what we have been casting as the overall growth rate of the business. And so you take the backlog, which continues to grow quarter-over-quarter and you take the growth drivers that I have laid out. That is what supports the high-single digit, low-double digit growth for 2022 and the high-single digit longer term growth guide that we have talked about. Luke Sergott: Great. Thanks. It’s helpful. And on – so back to Aldevron here, I know they are continuing to add capacity. Is that still – is that coming in faster than you guys expected, or should we still expect that to pace out through ‘23 and ‘24? Rainer Blair: That’s going to continue to pace out as we add line after line after line. But I would say that these are programs that are coming on, on or better than schedule as the team continues to gain speed here not only with their subject matter expertise, which is differentiated. So, unique in the marketplace, but also with their adoption of the Danaher Business System. So, we look for that $500 million here in 2022. Luke Sergott: Okay. Great. That’s it all for me. Thank you. Operator: And this does conclude our question-and-answer session. I would be happy to return the call to our host for any concluding remarks. John Bedford: Thanks, everyone. We will be around the rest of the week for questions. Operator: This does conclude today’s call. You may now disconnect your lines and everyone, have a great day.

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SEC filings for DHR · Claim quote is verbatim from the 2022Q1 earnings call.