Danaher's revenue for second quarter 2015 increases 3.5% to $5.1 billion

Danaher Corporation (NYSE: DHR) today announced record results for the second quarter 2015.

For the quarter ended July 3, 2015, non-GAAP adjusted diluted net earnings per share were $1.08, which reflects the adjustments identified in the attached reconciliation schedule. On a GAAP basis, diluted net earnings for the second quarter were $696 million, or $0.97 per share. Revenue for the second quarter 2015 increased 3.5% to $5.1 billion with core revenues also increasing 3.5%.

The Company anticipates that non-GAAP, adjusted diluted net earnings per share from continuing operations for the third quarter 2015 will be in the range of $1.00 to $1.04. The Company is raising its full year 2015 non-GAAP adjusted diluted net earnings per share from continuing operations guidance to $4.25 to $4.33 from $4.23 to $4.33.

Beginning with third quarter of 2015 results, the recently divested Communications Business will be reclassified to discontinued operations for all prior periods, resulting in a $0.03 reduction in adjusted diluted net earnings per share for the first half of 2015. This reduction is essentially offset by the Company's second quarter earnings outperformance relative to its April 2015 guidance. In addition, the Company's prospective earnings per share results will be impacted by a reduction in the number of common shares outstanding, as 26 million shares of Danaher common stock were tendered to Danaher in exchange for the Communications Business before it was merged with NetScout Systems, Inc. The Company's updated 2015 guidance of $4.25 to $4.33 is inclusive of these changes. Refer to the attached reconciliation for additional details.

Thomas P. Joyce, Jr., President and Chief Executive Officer, stated, "This was an exciting quarter for Danaher. Our team executed well, using the Danaher Business System to deliver solid core revenue growth, excellent margin expansion and earnings outperformance. We also announced the pending acquisition of Pall Corporation-the largest in our history-and our intent to separate into two public companies, all while sustaining our significant organic growth investments. As we move into the second half of 2015, we're confident that our focus on driving growth and optimizing our portfolio will offer our shareholders substantial value for years to come."

SOURCE Danaher Corporation