MAAT INDEX

CLAIM #20740 · DHR (DHR) · 2023Q4 earnings call · Jan 30, 2024 · due Dec 31, 2024

I mean, I did say that it doesn't go over one, but it gets pretty close in the second half.

Matt McGrew · CFO

PENDING
graded after results covering Dec 31, 2024 are reported

In context

sing to make sure I got it right. I mean first, I think you called out that, you don't expect a book-to-bill above one at any point during the year. So, I mean, that means you'll be continuing to deplete the backlog all year, but you already cited that the backlog, is sort of at a normal level with 1.5 quarters. So, I'm just wondering, how low is that going to get over the course of the year then if your book-to-bill doesn't break one? And then sort of related to that, if you've only gotten one to two quarters of backlog and yet you're calling for this gradual improvement as the year goes on, high single-digit growth rate, just sort of like what underpins that improvement from what you do see in 1Q, 2Q to start the year? Matt McGrew: Yes, I mean, I think the way we talked about the guide, I mean, I did say that it doesn't go over one, but it gets pretty close in the second half. I mean, if you do the math, it does get pretty close to one. So I think, it is still a little bit early to call what we're going to see in '25, but I think you're right. We are calling for gradual improvements in the book-to-bill through the year, and it will get pretty close to one, but not over one in the second half. That's kind of how we're thinking about it. And as far as the growth rate, first half to second half, I think was your question, is that right, Mike I want to make sure? Michael Ryskin: Yes, just visibility, not improvement? Matt McGrew: Yes well, I mean, like I said, it's not a huge number, right? First half to second half, you're talking about $250 million. So we are, I think the visibility, is improving a little bit here as we move into the year, and we expect that it w

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SEC filings for DHR · Claim quote is verbatim from the 2023Q4 earnings call.