Subtext

Danaher Corporation DHR

SectorHealth Care
Transcripts71
Date range2007-07-19 – 2025-04-22
Calls charted71

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-27-14+0+14+272007 Q22009 Q42012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22007 Q2 · Overall: +10.02007 Q4 · Overall: +7.62008 Q1 · Overall: +5.62008 Q2 · Overall: +6.02008 Q3 · Overall: +4.42008 Q4 · Overall: -0.52009 Q1 · Overall: +0.92009 Q2 · Overall: +0.92009 Q3 · Overall: +3.32009 Q4 · Overall: +1.72010 Q1 · Overall: +11.42010 Q2 · Overall: +7.42010 Q3 · Overall: +5.82010 Q4 · Overall: +6.12011 Q1 · Overall: +6.82011 Q2 · Overall: +10.32011 Q3 · Overall: +7.62011 Q4 · Overall: +9.22012 Q1 · Overall: +15.02012 Q2 · Overall: +9.92012 Q3 · Overall: +3.72012 Q4 · Overall: +10.92013 Q1 · Overall: +7.92013 Q2 · Overall: +9.82013 Q3 · Overall: +9.42013 Q4 · Overall: +9.62014 Q1 · Overall: +14.12014 Q2 · Overall: +4.92014 Q3 · Overall: +10.12014 Q4 · Overall: +16.52015 Q1 · Overall: +16.62015 Q2 · Overall: +18.42015 Q3 · Overall: +8.12015 Q4 · Overall: +14.62016 Q1 · Overall: +16.12016 Q2 · Overall: +23.62016 Q3 · Overall: +19.92016 Q4 · Overall: +13.82017 Q1 · Overall: +13.72017 Q2 · Overall: +15.52017 Q3 · Overall: +18.32017 Q4 · Overall: +18.82018 Q1 · Overall: +18.12018 Q2 · Overall: +21.92018 Q3 · Overall: +16.12018 Q4 · Overall: +13.02019 Q1 · Overall: +18.82019 Q2 · Overall: +15.92019 Q3 · Overall: +12.12019 Q4 · Overall: +16.42020 Q1 · Overall: +11.62020 Q2 · Overall: +10.02020 Q3 · Overall: +11.62020 Q4 · Overall: +7.52021 Q1 · Overall: +10.32021 Q2 · Overall: +8.72021 Q3 · Overall: +15.42021 Q4 · Overall: +9.22022 Q1 · Overall: +14.42022 Q2 · Overall: +9.12022 Q3 · Overall: +12.12022 Q4 · Overall: +10.42023 Q1 · Overall: +7.82023 Q2 · Overall: +8.42023 Q3 · Overall: +4.32023 Q4 · Overall: +9.72024 Q1 · Overall: +11.12024 Q2 · Overall: +7.52024 Q3 · Overall: +12.12024 Q4 · Overall: +10.62025 Q1 · Overall: +8.3
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-35-18+0+18+352007 Q22009 Q42012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22007 Q2 · CEO: +10.92007 Q4 · CEO: +13.72008 Q1 · CEO: +12.02008 Q2 · CEO: +10.22008 Q3 · CEO: +7.82008 Q4 · CEO: +2.12009 Q1 · CEO: +1.32009 Q2 · CEO: +2.62009 Q3 · CEO: +9.72009 Q4 · CEO: +6.82010 Q1 · CEO: +14.72010 Q2 · CEO: +14.02010 Q3 · CEO: +14.62010 Q4 · CEO: +12.22011 Q1 · CEO: +12.02011 Q2 · CEO: +16.42011 Q3 · CEO: +13.22011 Q4 · CEO: +13.42012 Q1 · CEO: +19.72012 Q2 · CEO: +15.02012 Q3 · CEO: +8.02012 Q4 · CEO: +13.52013 Q1 · CEO: +12.72013 Q2 · CEO: +17.12013 Q3 · CEO: +15.12013 Q4 · CEO: +16.32014 Q1 · CEO: +15.42014 Q2 · CEO: +11.92014 Q3 · CEO: +16.32014 Q4 · CEO: +21.12015 Q1 · CEO: +20.92015 Q2 · CEO: +24.62016 Q3 · CEO: +26.82016 Q4 · CEO: +19.12017 Q1 · CEO: +18.32017 Q2 · CEO: +23.82017 Q3 · CEO: +21.52017 Q4 · CEO: +23.42018 Q1 · CEO: +22.52018 Q2 · CEO: +30.62018 Q3 · CEO: +22.72018 Q4 · CEO: +19.92019 Q1 · CEO: +27.42019 Q2 · CEO: +21.22019 Q4 · CEO: +22.72020 Q1 · CEO: +14.92020 Q2 · CEO: +13.52020 Q3 · CEO: +15.72020 Q4 · CEO: +13.32021 Q1 · CEO: +15.42021 Q2 · CEO: +15.42021 Q3 · CEO: +20.62021 Q4 · CEO: +14.62022 Q1 · CEO: +18.12022 Q2 · CEO: +17.42022 Q3 · CEO: +19.72022 Q4 · CEO: +17.32023 Q1 · CEO: +16.42023 Q2 · CEO: +13.72023 Q3 · CEO: +8.62023 Q4 · CEO: +16.92024 Q1 · CEO: +14.62024 Q2 · CEO: +12.22024 Q3 · CEO: +25.02024 Q4 · CEO: +20.42025 Q1 · CEO: +18.52007 Q2 · CFO: +8.22007 Q4 · CFO: -4.42008 Q1 · CFO: +3.62008 Q2 · CFO: +9.42008 Q3 · CFO: +9.22008 Q4 · CFO: +7.12009 Q1 · CFO: -1.52009 Q2 · CFO: +12.32009 Q3 · CFO: +1.52009 Q4 · CFO: +1.22010 Q1 · CFO: +17.62010 Q2 · CFO: +9.12010 Q3 · CFO: +5.52010 Q4 · CFO: +0.02011 Q1 · CFO: +3.22011 Q2 · CFO: +5.82011 Q3 · CFO: +2.82011 Q4 · CFO: +5.82012 Q1 · CFO: +27.52012 Q2 · CFO: +7.12012 Q3 · CFO: +1.92012 Q4 · CFO: +8.92013 Q1 · CFO: +16.62013 Q2 · CFO: +14.72013 Q3 · CFO: +7.82013 Q4 · CFO: +4.32014 Q1 · CFO: +23.82014 Q2 · CFO: +11.02014 Q3 · CFO: +0.02014 Q4 · CFO: +17.32015 Q1 · CFO: +9.02015 Q2 · CFO: +24.02016 Q3 · CFO: +8.92016 Q4 · CFO: +10.12017 Q1 · CFO: +0.02017 Q2 · CFO: +11.72017 Q3 · CFO: +12.92017 Q4 · CFO: +24.02018 Q1 · CFO: +12.72018 Q2 · CFO: -2.22018 Q3 · CFO: +10.72018 Q4 · CFO: +5.32019 Q1 · CFO: +2.02019 Q2 · CFO: +7.52019 Q3 · CFO: +7.32019 Q4 · CFO: +8.92020 Q1 · CFO: +4.52020 Q2 · CFO: +13.32020 Q3 · CFO: +9.12020 Q4 · CFO: +12.22021 Q1 · CFO: +0.02021 Q2 · CFO: +3.42021 Q4 · CFO: +5.32022 Q1 · CFO: +6.32022 Q2 · CFO: -3.52022 Q3 · CFO: -2.12022 Q4 · CFO: +2.42023 Q1 · CFO: +1.82023 Q2 · CFO: +6.82023 Q3 · CFO: +2.22023 Q4 · CFO: +6.32024 Q2 · CFO: +3.42024 Q3 · CFO: +9.22024 Q4 · CFO: +4.02025 Q1 · CFO: +3.7
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-41-20+0+20+412007 Q22009 Q42012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22007 Q2 · Prepared remarks: +11.12007 Q4 · Prepared remarks: +11.32008 Q1 · Prepared remarks: +9.22008 Q2 · Prepared remarks: +11.12008 Q3 · Prepared remarks: +7.32008 Q4 · Prepared remarks: -0.62009 Q1 · Prepared remarks: -3.22009 Q2 · Prepared remarks: -5.92009 Q3 · Prepared remarks: +6.92009 Q4 · Prepared remarks: +3.52010 Q1 · Prepared remarks: +14.52010 Q2 · Prepared remarks: +17.02010 Q3 · Prepared remarks: +16.72010 Q4 · Prepared remarks: +10.62011 Q1 · Prepared remarks: +12.52011 Q2 · Prepared remarks: +12.62011 Q3 · Prepared remarks: +18.02011 Q4 · Prepared remarks: +9.52012 Q1 · Prepared remarks: +17.62012 Q2 · Prepared remarks: +12.62012 Q3 · Prepared remarks: +8.12012 Q4 · Prepared remarks: +14.52013 Q1 · Prepared remarks: +14.62013 Q2 · Prepared remarks: +19.12013 Q3 · Prepared remarks: +9.02013 Q4 · Prepared remarks: +14.92014 Q1 · Prepared remarks: +17.12014 Q2 · Prepared remarks: +14.62014 Q3 · Prepared remarks: +16.92014 Q4 · Prepared remarks: +16.82015 Q1 · Prepared remarks: +18.32015 Q2 · Prepared remarks: +17.42015 Q3 · Prepared remarks: +11.02015 Q4 · Prepared remarks: +15.12016 Q1 · Prepared remarks: +16.02016 Q2 · Prepared remarks: +35.32016 Q3 · Prepared remarks: +23.92016 Q4 · Prepared remarks: +31.12017 Q1 · Prepared remarks: +22.42017 Q2 · Prepared remarks: +17.02017 Q3 · Prepared remarks: +20.52017 Q4 · Prepared remarks: +24.62018 Q1 · Prepared remarks: +29.12018 Q2 · Prepared remarks: +35.22018 Q3 · Prepared remarks: +29.42018 Q4 · Prepared remarks: +24.42019 Q1 · Prepared remarks: +28.32019 Q2 · Prepared remarks: +24.32019 Q3 · Prepared remarks: +20.72019 Q4 · Prepared remarks: +26.52020 Q1 · Prepared remarks: +7.42020 Q2 · Prepared remarks: +11.52020 Q3 · Prepared remarks: +13.62020 Q4 · Prepared remarks: +12.22021 Q1 · Prepared remarks: +18.82021 Q2 · Prepared remarks: +20.22021 Q3 · Prepared remarks: +19.82021 Q4 · Prepared remarks: +16.72022 Q1 · Prepared remarks: +15.52022 Q2 · Prepared remarks: +23.22022 Q3 · Prepared remarks: +30.42022 Q4 · Prepared remarks: +18.22023 Q1 · Prepared remarks: +24.32023 Q2 · Prepared remarks: +18.12023 Q3 · Prepared remarks: +16.82023 Q4 · Prepared remarks: +18.12024 Q1 · Prepared remarks: +11.12024 Q2 · Prepared remarks: +11.62024 Q3 · Prepared remarks: +26.72024 Q4 · Prepared remarks: +25.62025 Q1 · Prepared remarks: +19.62007 Q2 · Q&A responses: +3.92007 Q4 · Q&A responses: +7.62008 Q1 · Q&A responses: +10.32008 Q2 · Q&A responses: +8.62008 Q3 · Q&A responses: +8.62008 Q4 · Q&A responses: +5.32009 Q1 · Q&A responses: +2.12009 Q2 · Q&A responses: +13.42009 Q3 · Q&A responses: +6.72009 Q4 · Q&A responses: +7.82010 Q1 · Q&A responses: +8.72010 Q2 · Q&A responses: +9.52010 Q3 · Q&A responses: +4.82010 Q4 · Q&A responses: +4.52011 Q1 · Q&A responses: +8.12011 Q2 · Q&A responses: +8.52011 Q3 · Q&A responses: +5.42012 Q1 · Q&A responses: +15.92012 Q2 · Q&A responses: +9.82012 Q3 · Q&A responses: +2.12012 Q4 · Q&A responses: +9.52013 Q1 · Q&A responses: +8.92013 Q2 · Q&A responses: +7.82013 Q3 · Q&A responses: +11.52013 Q4 · Q&A responses: +9.92014 Q1 · Q&A responses: +15.42014 Q2 · Q&A responses: +3.62014 Q3 · Q&A responses: +11.12014 Q4 · Q&A responses: +22.92015 Q1 · Q&A responses: +17.52015 Q2 · Q&A responses: +20.82015 Q3 · Q&A responses: +12.12015 Q4 · Q&A responses: +18.92016 Q1 · Q&A responses: +20.02016 Q2 · Q&A responses: +19.32016 Q3 · Q&A responses: +19.52016 Q4 · Q&A responses: +7.62017 Q1 · Q&A responses: +7.62017 Q2 · Q&A responses: +22.42017 Q3 · Q&A responses: +14.72017 Q4 · Q&A responses: +16.62018 Q1 · Q&A responses: +14.52018 Q2 · Q&A responses: +19.92018 Q3 · Q&A responses: +14.92018 Q4 · Q&A responses: +14.02019 Q1 · Q&A responses: +20.62019 Q2 · Q&A responses: +15.22019 Q3 · Q&A responses: +10.72019 Q4 · Q&A responses: +13.32020 Q1 · Q&A responses: +18.92020 Q2 · Q&A responses: +13.32020 Q3 · Q&A responses: +13.52020 Q4 · Q&A responses: +12.92021 Q1 · Q&A responses: +8.62021 Q2 · Q&A responses: +5.92021 Q3 · Q&A responses: +14.72021 Q4 · Q&A responses: +7.82022 Q1 · Q&A responses: +15.92022 Q2 · Q&A responses: +5.62022 Q3 · Q&A responses: +7.42022 Q4 · Q&A responses: +9.32023 Q1 · Q&A responses: +2.02023 Q2 · Q&A responses: +5.02023 Q3 · Q&A responses: -2.32023 Q4 · Q&A responses: +8.72024 Q2 · Q&A responses: +8.32024 Q3 · Q&A responses: +10.12024 Q4 · Q&A responses: +6.72025 Q1 · Q&A responses: +7.1
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$3.26$7.26$11.262007 Q22009 Q42012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22014 Q1: $3.862014 Q2: $3.962014 Q3: $4.022014 Q4: $4.212015 Q1: $4.452015 Q2: $4.502015 Q3: $4.772015 Q4: $4.882016 Q1: $4.992016 Q2: $5.072016 Q3: $3.812016 Q4: $3.952017 Q1: $4.022017 Q2: $4.102017 Q3: $4.212017 Q4: $4.342018 Q1: $4.472018 Q2: $4.652018 Q3: $4.762018 Q4: $4.822019 Q1: $4.922019 Q2: $5.252019 Q3: $5.492019 Q4: $5.472020 Q1: $5.612020 Q2: $5.412020 Q3: $6.192020 Q4: $7.182021 Q1: $7.742021 Q2: $8.972021 Q3: $9.742021 Q4: $10.142022 Q1: $10.562022 Q2: $10.612022 Q3: $10.712022 Q4: $10.432023 Q1: $10.292023 Q2: $9.882023 Q3: $9.482023 Q4: $7.812024 Q1: $7.872024 Q2: $8.142024 Q3: $8.402024 Q4: $8.34

Forward P/E

17.1025.8934.672007 Q22009 Q42012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22014 Q1: 19.282014 Q2: 20.352014 Q3: 19.572014 Q4: 19.942015 Q1: 19.612015 Q2: 18.812015 Q3: 18.712015 Q4: 19.292016 Q1: 18.312016 Q2: 19.372016 Q3: 20.042016 Q4: 19.932017 Q1: 21.762017 Q2: 20.602017 Q3: 20.752017 Q4: 21.692018 Q1: 22.852018 Q2: 22.072018 Q3: 22.592018 Q4: 20.882019 Q1: 26.072019 Q2: 27.122019 Q3: 26.222019 Q4: 27.422020 Q1: 22.842020 Q2: 32.592020 Q3: 33.462020 Q4: 30.912021 Q1: 27.672021 Q2: 27.282021 Q3: 33.402021 Q4: 31.062022 Q1: 26.312022 Q2: 23.092022 Q3: 26.322022 Q4: 26.292023 Q1: 23.532023 Q2: 24.132023 Q3: 26.622023 Q4: 29.052024 Q1: 32.442024 Q2: 31.622024 Q3: 32.382024 Q4: 27.37

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2014 Q2 tone ↓ -9.2 fwd EPS ↑ +0.11 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q3 tone ↓ -10.4 fwd EPS ↑ +0.27 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q4 tone ↓ -6.2 fwd EPS ↑ +0.14 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q3 tone ↓ -5.8 fwd EPS ↑ +0.11 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q4 tone ↓ -3.1 fwd EPS ↑ +0.06 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q2 tone ↓ -2.9 fwd EPS ↑ +0.34 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q3 tone ↓ -3.8 fwd EPS ↑ +0.24 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q1 tone ↓ -4.8 fwd EPS ↑ +0.14 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q4 tone ↓ -4.1 fwd EPS ↑ +0.99 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q4 tone ↓ -6.2 fwd EPS ↑ +0.40 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q4 tone ↑ +5.4 fwd EPS ↓ -1.67 Tone rose while the forward EPS estimate was cut.
  • 2024 Q2 tone ↓ -3.6 fwd EPS ↑ +0.27 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-22+8.3——View →
2024 Q42025-01-29+10.6$8.3427.4View →
2024 Q32024-10-22+12.1$8.4032.4View →
2024 Q22024-07-23+7.5$8.1431.6View →
2024 Q12024-05-14+11.1$7.8732.4View →
2023 Q42024-01-30+9.7$7.8129.1View →
2023 Q32023-10-24+4.3$9.4826.6View →
2023 Q22023-07-25+8.4$9.8824.1View →