Ahead of its yearly investor and analyst meeting, Danaher Corp (NYSE:DHR) issued outlook for the next year. The firm projected that diluted net earnings is expected to be in the range of $3.50 to $3.60 per share. Non-GAAP adjusted diluted net EPS is projected to come in the range of $4.25 to $4.35, which accepts non-GAAP core revenue development between 3.5% and 4%.
Thomas P. Joyce, Jr., the CEO and President of Danaher, reported that they are delighted with their 2017 performance, offering core growth acceleration, robust operating margin expansion, and remarkable earnings growth. Their most recent larger deals, Pall, Nobel and Cepheid continue to excel well and have grown considerably as part of Danaher. Additionally, this year’s robust cash flow performance positions them strongly for future capital deployment.
Joyce added that looking ahead, they remain focused on establishing a better, stronger company and see notable growth and margin prospects across their portfolio. Danaher CEO added that with the company’s business system as their foundation, they consider that their balanced approach to enhancing long-term shareholder value will allow them to excel in 2018 and beyond. The company had scheduled a live video webcast of its analyst and investor meeting on December 14, 2017.
Danaher marks as an international technology and science innovator dedicated to helping its consumers solve complex problems and enhancing quality of life across the globe. Its family of leading class brands has pioneering places in some of the most attractive and demanding industries, including environmental, industrial and health care. With over 20 operating firms, company’s internationally diverse team of more than 62,000 fellows is united by a common operating system and culture, the Danaher Business System.
In the last trading session, the stock price of Danaher declined more than 1% to close the day at $92.85.