Danaher Corporation (NYSE:DHR) Evercore ISI 3rd Annual HealthCONx Conference December 1, 2020 8:50 AM ET
Company Participants
Rainer Blair - President and Chief Executive Officer
Matt McGrew - Executive Vice President and Chief Financial Officer
Matt Gugino - Vice President, Investor Relations
Conference Call Participants
Vijay Kumar - Evercore ISI
Operator
Vijay Kumar
Okay. Thanks, everyone for joining us this morning. I am Vijay Kumar, I cover Life Sciences and MedTech at Evercore. A real pleasure to have with us Danaher, representing the company we have the CEO, Rainer Blair. We have the CFO, Matt McGrew and plus from IR, we have Matt Gugino. Gentlemen, thanks for taking the time this morning. And Rainer excited to have you on your first public, I guess, conference call, with investors, perhaps in a more formalized setting, if you will.
You know, maybe, we'll start with some topical questions Rainer, if you don't mind. Second wave has been a topical question for people. How should we think about this rising second wave and perhaps impact on the business? It looks like, you know, the 3Q step up, sequential step up in 3Q versus 2Q was pretty remarkable, came in above expectations. But perhaps, should we be a little bit more cautious into Q4? How would you characterize second wave?
Rainer Blair
Thanks, Vijay. And thanks for the invitation. It's great to be here, and also to see you in person. So as we think about Q4, we - first of all, we are tracking to our expectations. And the reason for that is that we built our expectations prudently, I would say, really looking at the, how we ended up at the end of Q3, and using that data to think about Q4.
Now we've been watching, even at the end of Q3, we were watching hotspots around the US, as well as elsewhere, and have really not seen those materially impact some of those baseline assumptions, which we saw confirmed at the end of Q3. So as you think about lab re-openings, as well as patient volumes, we did not plan for a meaningful step up here in Q4. And we see that largely playing out.
