CLAIM #20854 · DHR (DHR) · 2025Q1 earnings call · Apr 22, 2025 · due Dec 31, 2025
“So, generally speaking, we expect this to be stable. We're prepared with our supply chain to supply China.”
Rainer Blair · CEO
In context
“to the tariff wars? Thank you. Rainer Blair: So we're seeing a fair amount of stability other than this volume based procurement and reimbursement issue for diagnostics and patient volumes. So patient volumes continue to be strong. We don't see China looking to move Western suppliers out of their supply chain. Certainly, like all customers around the world, customers are looking for supply chain security. They want to make sure they're going to be supplied. And as we think about bioprocessing, that continues to be stable as they've reached the bottom there and we're starting to see a little bit of life. And we talked about Life Sciences. Life Sciences is stable on the back of a little more stimulus than we've seen in the past, making up for some of the demand contraction that we had seen. So, generally speaking, we expect this to be stable. We're prepared with our supply chain to supply China. The majority of our supply is either China, for China or coming from non-U.S. plants. We've been working on that for years. And so, we'll continue to see what happens here on the policy front, but for now, we see China as stable and as anticipated. So we don't expect that to change that full year guide today. Daniel Brennan: Great. Thank you. Operator: Thank you. Our next question will come from Luke Sergott with Barclays. Your line is open. Unidentified Participant: This is Sam (ph) on for Luke. Thanks for taking our questions. Could you talk a little bit more about VBP headwinds this quarter? Any pull forward there or did that come in line with the expectation of it being like a $50 million headwind? And is the cadence of VBP still intact from what you stated last quarter, which was kin”
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SEC filings for DHR ↗ · Claim quote is verbatim from the 2025Q1 earnings call.