MAAT INDEX

CLAIM #20546 · DHR (DHR) · 2022Q2 earnings call · Jul 21, 2022 · due Dec 31, 2022

So we continue to watch that, but fundamentally expect the second half in China to be more constructive than it was here in the second quarter.

Rainer Blair · CEO

CANNOT_DETERMINE
versus commitment · official band 5 percent
Committed
expect the second half in China to be more constructive than it was here in the second quarter
Reported
China grew low single digits, driven by robust demand in our life sciences instruments and acute care diagnostic businesses. However, the reopening efforts... resulted in reduced patients and testing volumes

In context

f us continue to do our best in terms of forecasting, what might be happening and testing at any given moment. But as we go forward with testing I think our perspective that Q3 in particular is sort of the slowest respiratory testing quarter of the year, is important to note. And then of course, as you go into Q4 respiratory season picks up again, and so we would expect to see that as well. And as I talked about there in my prepared remarks, we took up that that COVID testing number to about $2.5 billion here from around $2.2 billion. So we would also say it's important to think about China here. China recovered very well for us here in the second quarter after an unexpectedly long shutdown and we continue even today to see these sort of more limited spot shutdowns throughout the country. So we continue to watch that, but fundamentally expect the second half in China to be more constructive than it was here in the second quarter. Vijay Kumar: That's helpful comment from Rainer. Maybe one for McGrew here. Given increments were north of 40% in 2Q, I think the guide implies back half getting back to 25%. Any incremental inflation or FX impacts here on the back half that's dragging second half incrementals back to 25%. And I think in the past Matt you said LRP incremental should be 35% to 40%. Is that 35% to 40% applicable for a fiscal [indiscernible]? Matt McGrew: I'm sorry, was that fiscal 2023 you said? Vijay Kumar: Yes. It was a two-part question. One back half and [indiscernible], yes. Matt McGrew: Yes. So, I mean, maybe just – let me just be clear. We reiterate kind of what we said for the full year. I can give you a little bit of color on Q3, hopefully that sort of gets you where you need to be. I think, so let

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SEC filings for DHR · Claim quote is verbatim from the 2022Q2 earnings call.