Danaher Earnings: Everything You Must Know Now

Danaher Corp. (NYSE:DHR) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Danaher Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 3.57% to $0.87 in the quarter versus EPS of $0.84 in the year-earlier quarter.

Revenue: Rose 4.04% to $4.74 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Danaher Corp. reported adjusted EPS income of $0.87 per share. By that measure, the company beat the mean analyst estimate of $0.86. It beat the average revenue estimate of $4.72 billion.

Quoting Management: H. Lawrence Culp, Jr., President and Chief Executive Officer, stated, “Core revenue growth in the quarter was slightly better than we anticipated and, combined with our team’s outstanding execution, led to earnings outperformance, excellent margin expansion and superior cash flow. As we look to the second half of the year, we maintain a conservative macro outlook, while remaining confident in our ability to deliver solid operating margin expansion. Our earnings outperformance in the second quarter allows us to make additional high impact growth investments and to fund productivity and efficiency initiatives that we believe will position us well for the balance of 2013 and beyond.”

Key Stats (on next page)…

Revenue increased 6.59% from $4.44 billion in the previous quarter. EPS increased 16% from $0.75 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.85 to a profit $0.84. For the current year, the average estimate has moved down from a profit of $3.42 to a profit of $3.41 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)