Danaher (DHR) Q1 Earnings & Revenues Top Estimates, Up Y/Y
Zacks Investment Research | Apr 18, 2018 11:19PM ET
Danaher Corporation (NYSE:DHR) posted adjusted earnings of 99 cents per share in first-quarter 2018, beating the Zacks Consensus Estimate of 93 cents by 6.5%. The reported figure also improved 16.5% on a year-over-year basis.
The upside in the company’s bottom line can primarily be attributed to its effective Danaher Business System (DBS), which focuses on three critical areas — quality, delivery, and cost & innovation. Moreover, a decent top-line performance supplemented earnings growth.
Inside the Headlines
Danaher reported total sales of $4,695.4 million, reflecting an increase of 11.6% year over year. The top line also surpassed the Zacks Consensus Estimate of $4,547 million. In addition, core businesses grew 5.5% year over year.
Revenues at the Life Sciences segment were up 12.8% year over year to $1,476 million. Operating margin for the quarter expanded 220 basis points (bps) to 18.4% owing to an improvement in sales volumes. The Diagnostics segment’s revenues improved 14.5% year over year to $1,519.7 million. Also, operating margin at the segment increased 470 bps year over year to 16.3%.
Revenues at the Dental segment rose 2.6% year over year to $672.6 million. However, operating margin contracted 600 bps to 7.6%. The Environmental & Applied Solutions segment witnessed revenue growth of 12.3% year over year to $1,027.1 million. Nevertheless, operating margin declined 60 bps to 22.1% on a year-over-year basis.
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