Danaher Earns $1.19 per Share for Q4

Dananher (DHR) had a very good quarter for Q4. The company earned $1.19 per share. They had given us a guidance range of $1.12 to $1.16. Later, the CEO said earnings would be in the upper end of that range. What Danaher called “non-GAAP core revenue” rose by 5.5%.

For the whole year, Danaher made $4.03 per share. That’s up 11.5% over 2016. Non-GAAP core revenues grew by 3.5%. Danaher had operating cash flow of $3.5 billion.

The Company generated strong operating cash flow of $3.5 billion for the full year 2017.

Thomas P. Joyce, Jr., President and Chief Executive Officer, stated, “We are very pleased with our strong fourth quarter results. The team delivered 5.5% core revenue growth, solid margin expansion, and double-digit adjusted earnings per share growth. As we reflect back, 2017 was a year of accelerating revenue growth, solid margin improvement, continued growth investment, and great performance at our more recently acquired larger businesses. In addition, mid-teens growth in free cash flow helps position us for more significant capital deployment in 2018.”

Joyce continued, “As we look ahead, we believe that the strength of our portfolio, combined with the power of the Danaher Business System, provide us with the foundation for long-term shareholder value creation.”

For Q1, Danaher sees earnings range between 90 and 93 cents per share. For all of 2018, they’re projecting $4.25 to $4.35 per share. Wall Street had been expecting 93 cents and $4.35 per share.

Posted by on January 30th, 2018 at 9:57 am


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