Danaher's net earnings increase 13% to $680.6 million in third quarter 2014

Danaher Corporation (NYSE: DHR) today announced results for the third quarter of 2014.

Net earnings for the third quarter ended September 26, 2014 were $680.6 million, or $0.95 per share on a diluted basis, a 13% increase over diluted net earnings per share of $0.84 for the third quarter of 2013. Included in third quarter 2014 diluted net earnings per share is a $0.04 per share after-tax gain on the divestiture of a product line and a $0.01 per share benefit from discrete tax items.

Revenues for the third quarter of 2014 were $4.9 billion, 4.5% higher than the $4.7 billion reported for the third quarter of 2013. Core revenues increased 3% in the third quarter of 2014 compared to the third quarter of 2013.

The Company anticipates that GAAP diluted net earnings per share for the quarter ending December 31, 2014 will be in the range of $1.00 to $1.04. Included in this range is approximately $125 million, or approximately $0.13 per diluted share, of anticipated productivity charges that are partially offset by an approximate $0.07 per diluted share anticipated gain on the sale of marketable securities.

Thomas P Joyce, Jr., President and Chief Executive Officer, stated, "The Danaher team executed well, using the Danaher Business System to expand margins, generate strong cash flow performance, drive meaningful share gains and deliver better-than-expected earnings. As we plan for 2015, we remain mindful of the challenging macroeconomic outlook including the recently stronger dollar. However, we believe our focus on high-impact growth investments and margin expansion, combined with our robust balance sheet and M&A capacity, position us to finish 2014 well and drive long term results."

Source:

Danaher Corporation

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Danaher. (2019, June 19). Danaher's net earnings increase 13% to $680.6 million in third quarter 2014. News-Medical. Retrieved on February 04, 2023 from https://www.news-medical.net/news/20141016/Danahers-net-earnings-increase-1325-to-246806-million-in-third-quarter-2014.aspx.

  • MLA

    Danaher. "Danaher's net earnings increase 13% to $680.6 million in third quarter 2014". News-Medical. 04 February 2023. <https://www.news-medical.net/news/20141016/Danahers-net-earnings-increase-1325-to-246806-million-in-third-quarter-2014.aspx>.

  • Chicago

    Danaher. "Danaher's net earnings increase 13% to $680.6 million in third quarter 2014". News-Medical. https://www.news-medical.net/news/20141016/Danahers-net-earnings-increase-1325-to-246806-million-in-third-quarter-2014.aspx. (accessed February 04, 2023).

  • Harvard

    Danaher. 2019. Danaher's net earnings increase 13% to $680.6 million in third quarter 2014. News-Medical, viewed 04 February 2023, https://www.news-medical.net/news/20141016/Danahers-net-earnings-increase-1325-to-246806-million-in-third-quarter-2014.aspx.

Comments

The opinions expressed here are the views of the writer and do not necessarily reflect the views and opinions of News Medical.
Post a new comment
Post
You might also like...
Southern Implants, Keystone announce merger agreement