Will Danaher Q2 Results Beat Estimates?

(RTTNews) - Professional, medical, industrial, and commercial products maker Danaher Corp. (DHR) is likely to release its second-quarter numbers before the bell on Monday, July 25. The consensus estimate calls for earnings of $1.22 per share and revenue of $5.76 billion for the quarter, according to analysts polled by Thomson Reuters.

The company projects second-quarter adjusted net earnings in the range of $1.19 - $1.23 per share.

Danaher increased its full year 2016 adjusted net earnings per share guidance, which is now expected to be in the range of $4.85 - $4.98. Analysts expect annual earnings of $4.29 per share. Previously, the company had expected 2016 adjusted net earnings per share in the range of $4.80 - $4.95.

The revised guidance range represents a 13% - 16% increase from 2015 adjusted earnings pre share.

The company continues to outperform in the face of uncertain and challenging economic conditions. Last quarter, Danaher delivered high-teens earnings growth, healthy operating margin expansion and free cash flow that was up over 50% year on year.

In the first quarter, the company reported net income of $758.4 million or $1.09 per share compared to $569.8 million or $0.79 per share in the prior year period.

For the quarter ended April 1, 2016, non-GAAP adjusted net earnings were $1.08 per share, an increase of 18.5%, versus $0.91 per share reported last year.

Sales grew 15% to $5.39 billion from the previous year's sales of $4.69 billion.

Thomas Joyce, Jr., President and Chief Executive Officer, stated, "We were pleased with our start to 2016 as our team continued to outperform in the face of uncertain and challenging economic conditions. In the quarter, we delivered high-teens earnings growth, healthy operating margin expansion and free cash flow that was up over 50% year-on-year."

The Danaher Business System remains the driving force behind the company's performance-equipping its team with the tools to strengthen competitive positions, the focus to invest in high-impact growth opportunities and the flexibility to position its businesses for long-term success.