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![DANAHER CORP /DE/ [DHR] reports annual net loss of $4.8 billion](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FDHR.png&w=1200&q=75)
DANAHER CORP /DE/ [DHR] has reported a net loss of $4.8 billion for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $23.9 billion
Based in WASHINGTON, District of Columbia, DANAHER CORP /DE/ operates in the MANUFACTURING sector.
The financial performance of the company for the 12 months ended December 31, 2023, compared to the same period in the previous years shows certain key trends.
1. Revenue:
- The sales revenue for the current reporting period was $23.89 billion, a decrease from $26.64 billion in the previous year and $24.80 billion in the year before that.
2. Cost of Goods Sold:
- The cost of sales was $9.86 billion this year, down from $10.46 billion in the previous year and $9.56 billion in the earlier year.
3. Net Income:
- The net earnings for the current period were $4.76 billion, lower than the $7.21 billion in the prior year and $6.43 billion in the year earlier.
4. Earnings per Share (EPS):
- The earnings per common share for basic and diluted amounted to $6.44 and $6.38, respectively, for the current period. This is in contrast to $9.80 and $9.66 in the previous year.
Overall, the company experienced a decline in both revenue and net income over the past three years, which also impacted the earnings per share for common stockholders. The results indicate a challenging financial performance for the organization.
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