Danaher (NYSE:DHR) shares dipped slightly today on first-quarter results that came in ahead of the consensus forecast. The Washington, D.C.-based company posted profits of $1.7 billion, or $2.31 per share, on sales of $7.7 billion for the three months ended April 1, 2022, for a 1.3% bottom-line gain on sales growth of 12.1%. Adjusted to […]
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How medtech fared in the first waves of the pandemic
Medtech industry revenue, research spending and employment declined in the first year of the COVID-19 pandemic, according to a Medical Design & Outsourcing analysis of financial data. Total sales, R&D spending and employment for the world’s largest medical device companies declined in 2020 and early 2021, according to a Medical Design & Outsourcing analysis tallying the ongoing pandemic’s initial […]
The 100 largest medical device companies in the world
Nearly half a trillion dollars — $421 billion to be exact — that’s how much the world’s 100 largest medical device companies brought in over the past year amid the COVID-19 pandemic. That’s one of the big takeaways from the Big 100, MassDevice and Medical Design & Outsourcing‘s annual analysis of the worlds’ 100 largest medtech companies. (Check […]
Danaher slides despite Street-beating Q3
Danaher (NYSE:DHR) shares dipped today even as the company reported third-quarter results that topped the consensus forecast. The Washington, D.C.-based company posted profits of $1.2 billion, or $1.54 per share, on sales of $7.2 billion for the three months ended Sept. 30, 2021. Danafer reported a 31.1% bottom-line gain on sales growth of 22.9%. Adjusted […]
Danaher announces executive changes
Danaher (NYSE:DHR) has announced a number of personnel moves among executives at the company. SVP & chief accounting officer Robert S. Lutz notified the company that he will step down from his position as of Jan. 1, 2022, with Cristopher M. Bouda set to succeed him, Danaher announced yesterday. Bouda has served as Danaher’s VP […]
Danaher rises on Street-beating Q2
Danaher (NYSE:DHR) shares ticked up today on second-quarter results that beat the consensus forecast. The Washington, D.C.–based company posted profits of $1.7 billion, or $2.40 per share, on sales of $7.2 billion for the three months ended July 2, 2021, for a 95.5% bottom-line gain on sales growth of 36.3%. Adjusted to exclude one-time items, […]
Danaher to acquire Aldevron for $9.6B
Danaher (NYSE:DHR) announced that it entered into a definitive agreement to acquire Aldevron for approximately $9.6 billion. Fargo, N.D.-based Aldevron, which employs approximately 600 people, manufactures plasmid DNA, mRNA and proteins for biotechnology and pharmaceutical customers across research, clinical and commercial applications. Get the full story at our sister site, Pharmaceutical Processing World.
MedTech 100 roundup: New heights reached again
One week after recording its all-time best performance, the medtech industry again topped itself, storming even further ahead. MassDevice‘s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — has been on the rise since April began, with last week’s mark of 112.25 (April 16) representing an all-time best, topping the […]
Danaher ticks up on Street-beating Q1
Danaher (NYSE:DHR) shares rose before hours on first-quarter results that easily toppled the consensus forecast. The Washington, D.C.-based company posted profits of $1.7 billion, or $2.29 per share, on sales of $6.9 billion for the three months ended April 2, 2021, nearly tripling its bottom-line on sales growth of 57.9%. Adjusted to exclude one-time items, earnings […]
8 medical device companies that beat the COVID-19 pandemic and prospered
Some medical device businesses not only survived the COVID-19 pandemic but actually thrived — with many producing the medtech needed to fight the coronavirus’s spread. Medical Design & Outsourcing recently analyzed financials for 20 of the largest medical device businesses in the world. Not only was revenue only slightly down for the 20 during 2020, but it was […]
How big medtech fared during a year of COVID-19
Despite numerous challenges, the medtech industry showed itself to be fairly recession-proof in 2020, according to a Medical Design & Outsourcing/MassDevice analysis of financials. Annual reports recently released by 20 of the world’s largest medical device companies showed only a slight dip in revenue during 2020 — a year in which medtech held the front lines against […]
