Business News

Danaher Reports Record First Quarter 2014 Results

Thursday 17. April 2014 - Danaher Corporation (NYSE:DHR) today announced results for the first quarter of 2014.

Net earnings for the quarter ended March 28, 2014 were $579.7 million, or $0.81 per share on a diluted basis, an 8% increase over first quarter 2013 non-GAAP adjusted diluted net earnings per share of $0.75.  Sales for the first quarter of 2014 were $4.7 billion, 5% higher than the $4.4 billion reported for the first quarter of 2013.  Core revenues increased 3.5% in the first quarter of 2014 compared to the first quarter of 2013.
The Company anticipates that GAAP diluted net earnings per share for the quarter ending June 27, 2014 will be in the range of $0.90 to $0.94.  The Company reaffirmed its full year GAAP 2014 diluted net earnings per share guidance of $3.60 to $3.75.
H. Lawrence Culp, Jr., President and Chief Executive Officer, stated, “We are off to a good start in 2014 as our team’s execution drove better-than-expected revenue growth, outstanding margin expansion and solid earnings performance.  The Danaher Business System has helped build momentum across our portfolio by driving continued share gains and funding increased growth investments.  We believe this momentum, along with our robust balance sheet and confidence on the acquisition front, position us well in 2014.”