Business News

Danaher Reports Record Second Quarter 2014 Results

Monday 21. July 2014 - Danaher Corporation (NYSE: DHR) today announced results for the second quarter of 2014.

Net earnings for the quarter ended June 27, 2014 were $676.4 million, or $0.95 per share on a diluted basis, a 9% increase over diluted net earnings per share of $0.87 for the second quarter of 2013. Included in second quarter of 2014 net diluted earnings per share is a $0.02 per share after-tax gain on the sale of marketable securities.
Revenues for the second quarter of 2014 were $5.0 billion, 5% higher than the $4.7 billion reported for the second quarter of 2013. Core revenues increased 3% in the second quarter of 2014 compared to the second quarter of 2013.
The Company anticipates that GAAP diluted net earnings per share for the quarter ending September 26, 2014 will be in the range of $0.86 to $0.89. The Company also narrowed its diluted net earnings per share guidance for the full year 2014 to $3.67 to $3.72 on a GAAP basis.
H. Lawrence Culp, Jr., President and Chief Executive Officer, stated, “Our team’s execution using the Danaher Business System helped us drive share gains, expand margins and improve free cash flow during the quarter. In addition to strengthening our portfolio of market leading brands through organic growth investments, we have committed over $1 billion to acquisitions since the beginning of April. We believe that our robust balance sheet, continued focus on organic growth opportunities and confidence in deploying our more than $8 billion in acquisition capacity will drive solid performance in the second half of 2014 and beyond.”