CLAIM #20823 · DHR (DHR) · 2024Q4 earnings call · Jan 29, 2025 · due Dec 31, 2025
“I feel pretty comfortable with the $1.7 billion still versus $2 billion being some sort of new number.”
Matt McGrew · CFO
In context
“a big spike in September, October as people sort of return to school, and then return to work, return to school. And then we saw another one here, usually a typical respiratory season in January and February. And we didn't really see that this year. And so that was we're kind of assuming that we're going to go back to that normal respiratory pattern, where we see a bit of a spike up in the ILI, like we are seeing now. Did not see it as much here in Q3 like we normally do. And so, I feel pretty comfortable that $1.7 billion is the endemic rate. We did a little bit better the last couple of years. But that's no real different than, what it was like prior to COVID. We had respiratory season. Some are better than others, not better, but from a testing perspective, more testing versus not. So I feel pretty comfortable with the $1.7 billion still versus $2 billion being some sort of new number. I just - maybe we're proven wrong, but given what we've seen in the data, I think $1.7 billion is - it's probably going to be a pretty regular - pretty normal respiratory season. Michael Ryskin: Okay. And if I could squeeze in a follow-up on bioprocess and biotechnology, you talked about 6% to 7% for the year in biotechnology, same thing for the first quarter. So it seems like sort of pretty steady throughout the year. I think we talked about bioprocess being maybe more of a high single-digit business, so thinking more of like an 8%, maybe 7% to 8%. Is the delta there really just the instrumentation part of it? Sort of if it wasn't for that, would you be at that 8% rate for the year? And if so, if it is instrumentation, just any signs of that, any hope of that coming back as you go throug”
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SEC filings for DHR ↗ · Claim quote is verbatim from the 2024Q4 earnings call.