Danaher Issues '18 View Ahead Of Investor & Analyst Meeting
Zacks Investment Research | Dec 14, 2017 09:13PM ET
Danaher Corporation (NYSE:DHR) recently initiated outlook for 2018, ahead of its annual investor and analyst meeting scheduled to be held in New York City. The company projects diluted net earnings per share in the range of $3.50 to $3.60.
Danaher currently expects 2018 adjusted earnings per share in the band $4.25–$4.35, assuming non-GAAP core revenue growth in the range of 3.5-4%. The company is enjoying meaningful growth and margin expansion opportunities across its portfolio, along with solid momentum in its recent Cepheid, Pall and Nobel acquisitions. Danaher’s results should benefit from these factors in 2018.
The company reported robust third-quarter 2017 results, primarily owing to its Danaher Business System (“DBS”) that focuses on three critical areas -- quality, delivery, and cost & innovation.
The company has had an impressive 2017 so far, delivering core growth acceleration, operating margin expansion as well as double-digit growth in earnings. Moreover, the company’s recent acquisitions continue to perform impressively, which have helped it improve productivity and drive growth. These factors should have a positive impact on the company’s operations, going into 2018.
Our Take
Leveraging on DBS, the company has consistently driven gross and operating margin growth, lower general and administrative expense, and higher investments in Research & Development along with sales and marketing. Notably, the company has returned 9.9% in the past six months, against the Zacks Investment Research
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