Danaher seeing ‘anecdotal stories’ of customers suddenly requiring volumes

Speaking at the Evercore ISI HealthCONx Conference, executives from Danaher stated in part, according to a transcript: “Certainly, our customers are also keen and bringing their own inventory levels down as the cost of capital has increased. And so we’re very, very closely aligned here with our customers. And we have seen consistently, if you will, the book to bill rate here over the various quarters, be consistent. And frankly, we have, you know, also anecdotal stories of, you know, customers suddenly requiring volumes they’re, you know, lower on their inventories. And while those are not yet data points that we would use to make any projections in previous quarters, you didn’t have these kind of anecdotes where customers would suddenly require a rush order, if you will. So we see that and we continue to watch it. We like more than a couple of data points. We like data series. And as we finish up this quarter and get to our January earnings call, we’ll talk about what all that means for 2024.”