Danaher Corporation DHR is a global conglomerate that designs, manufactures and markets diverse lines of professional, medical, industrial, commercial and consumer products. The company organizes its businesses into five operating segments – The Test & Measurement segment, The Environmental segment, The Life Sciences & Diagnostics segment, The Dental segment and Industrial Technologies segment.
The Danaher Business System (‘‘DBS’’), which focuses on critical areas of quality, delivery, cost and innovation, continues to be a key driver of the company’s top line growth. Also the company has significantly expanded its foothold in the healthcare and dental markets over the past few quarters and they are providing solid growth opportunities.
DHR has a decent history in earnings season, with a positive average earnings surprise of 1.20% in the last four trailing quarters.
Currently, DHR has a Zacks Rank #2 (Buy) but that could change following its first quarter 2016 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:
Earnings: Adjusted earnings per share for the first-quarter 2016 came in at $1.08, which beat the Zacks Consensus Estimate of $1.03.
Revenue: Revenues of $5,387.2 million surpassed the Zacks Consensus Estimate of $5,361 million.
Key Stats: Danaher delivered strong first-quarter 2016 results with high-teens earnings growth, robust operating margin expansion and free cash flow on the back of its diligently devised business model called the DBS.
Stock Price: Shares prices did not show any movement in the pre-market trading session.
Check back later for our full write up on this DHR earnings report later!
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DANAHER CORP (DHR): Free Stock Analysis Report
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