“We've talked about $1.6 billion here in the guide for 2024. And we believe that to be a sustainable level of respiratory testing.”

In context

“ralto, which was just in last October had dilutive growth and earnings profiles. And what we acquired had accretive growth and earnings profiles. And of course, our acquisitions were the GE biopharma business, which we've since combined with the Pall Life Sciences business to form Cytiva. And you all know that as being the premier franchise in bioprocessing in the world, we acquired Aldevron and Abcam both once again accretive to both growth and earnings. And those each gave us a beachhead in genomic medicines as well as proteomic research. And then lastly, if you think about how the respiratory testing market has developed back in 2018, roughly we were a $250 million respiratory testing business. And if you think about where we are today in an endemic state, we're well over a $1 billion. We've talked about $1.6 billion here in the guide for 2024. And we believe that to be a sustainable level of respiratory testing. So, when you put all that together, you're looking at a $24 billion business that is dialed into the most attractive segments in the life science industry with a high single digit long-term growth rate, a margin profile, so VCM of 35% to 40%. You all are familiar with our operating system, the Danaher Business System. That allows us to drive cash flow above our net income. And all of that, of course, then allows us to execute on M&A and capital allocation in general. And that's what ultimately drives that earnings accretion of double-digit EPS growth. So, when you see all of this, you can see that our objective to exit the pandemic stronger than entering it, we believe that's been achieved. And as the fog continues to rise here and the pandemic gets further and further into the rearview m”