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Actionable news in DHR: DANAHER CORPORATION,

Danaher Corporation

Danaher Corp. reports financial results for the quarter ended June 30, 2017.We analyze the earnings along side the following peers of Danaher Corp. - General Electric Company and ABB Ltd. Sponsored ADR (GE-US and ABB-US) that have also reported for this period.

  • Summary numbers: Revenues of USD 4,510.10 million, Net Earnings of USD 557.30 million.
  • Gross margins widened from 54.44% to 55.50% compared to the same period last year, operating (EBITDA) margins now 23.56% from 23.72%.
  • Year-on-year change in operating cash flow of -21.17% is about the same as the change in earnings, likely no significant movement in accruals or reserves.
  • Narrowing of operating margins contributed to decline in earnings.

The table below shows the preliminary results and recent trends for key metrics such as revenues and net income growth:

2017-06-302017-03-312016-12-312016-09-302016-06-30
Revenues (mil)4510.14205.74584.34132.15785
Revenue Growth (%YOY)-22-21.9-22.1-17.712.8
Earnings (mil)557.3483.8747402.6656.7
Earnings Growth (%YOY)-15.1-36.21.6-31.8-5.6
Net Margin (%)12.411.516.39.711.4
EPS0.790.721.10.5590.94
Return on Equity (%)2.32.13.21.72.6
Return on Assets (%)4.94.36.93.55.3

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Spreadsheet

Spreadsheet

DHR-US's change in revenue this period compared to the same period last year of -22.04% is almost the same as its change in earnings, and is about average among the announced results thus far in its peer group, suggesting that DHR-US is holding onto its market share. Also, for comparison purposes, revenues changed by 7.24% and earnings by 15.19% compared to the immediate last period.Spreadsheet

GE-USGE-USABB-USABB-USDHR-USDHR-USLeaderLeaderEarnings FocusEarnings FocusLaggardLaggardRevenues FocusRevenues Focus

The company's earnings declined...


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