Conservative · Stocks to Consider and Updates

Danaher Posts Strong First Quarter Earnings; Raises Guidance

Professional and medical equipment manufacturer, Danaher Corp. (NYSE: DHR – $100.93), announced results for the first quarter 2018 with net earnings of $566.6 million, which represents a 16.0% year-over-year increase. Adjusted net earnings were $0.99/share, a 16.5% increase over the comparable 2017 period and five cents ahead of Street estimates. For the period, revenues increased 11.5% year-over-year to $4.7 billion, with adjusted core revenue growth of 5.5% and higher than the $4.53 billion estimated by analysts. Adjusted free cash flow for the first quarter increased 72% year-over-year to $691.4 million. For the second quarter 2018, the company anticipates that adjusted net earnings per share will be in the range of $1.07 to $1.10 and for the full year 2018, Danaher is guiding earnings per share to be in the range of $4.38 to $4.45 versus previous guidance of $4.25 to $4.35.

      Share net should approach the $7.00 mark by early next decade. The Danaher Business System’s track record is long and steady, and bolt-on acquisitions are likely to continue. Too, DHR is well-positioned in end-markets that should flourish as the global economic scene brightens (60% of revenues were derived outside the U.S. in 2017). The high-quality shares remain a solid core holding for conservative accounts.

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