Company: DHR
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000313616-25-000043
Chunk: 164

Company: DANAHER CORP /DE/
Filing Date: 2025-02-20
Form: 10-K
Item: Item 5
Chunk 164
---
420232022Biotechnology$6,759 $7,172 $8,758 Life Sciences7,329 7,141 7,036 Diagnostics9,787 9,577 10,849 Total$23,875 $23,890 $26,643 

For information regarding the Company’s sales by geographical region, refer to Note 5 to the Consolidated Financial Statements.

BIOTECHNOLOGY

The Biotechnology segment includes the bioprocessing and discovery and medical businesses and offers a broad range of equipment, consumables and services that are primarily used by customers to advance and accelerate the research, development, manufacture and delivery of biological medicines.  The Company’s solutions support a broad range of biotherapeutics including monoclonal antibodies, recombinant proteins, replacement therapies such as insulin and vaccines, as well as novel cell, gene, mRNA and other nucleic acid therapies. 

Biotechnology Selected Financial Data 

 Year Ended December 31($ in millions)202420232022Sales$6,759 $7,172 $8,758 Operating profit1,685 1,909 3,008 Depreciation 151 162 190 Amortization of intangible assets863 864 812 Operating profit as a % of sales24.9 %26.6 %34.3 %Depreciation as a % of sales2.2 %2.3 %2.2 %Amortization as a % of sales12.8 %12.0 %9.3 %

Sales Decline and Core Sales Decline

2024 vs. 20232023 vs. 2022Total sales decline (GAAP)(6.0)%(18.0)%Impact of:Currency exchange rates 1.5 %— %Core sales decline (non-GAAP)(4.5)%(18.0)%

2024 Sales Compared to 2023 

Price increases in the segment contributed 2.5% to sales growth on a year-over-year basis during 2024 as compared with 2023 and are reflected as a component of core sales above. 

During 2024, total Biotechnology segment sales decreased 6.0% primarily as a result of decreased core sales in the bioprocessing business, and to a lesser extent the impact of currency exchange rates.  Total segment core sales decreased across most major geographic regions, including weak