Boston, MA 05/05/2014 (wallstreetpr) – Danaher Corporation (NYSE:DHR) has reported its financials for 1Q2014 and the outlook is good for the shareholders.
Numbers
Danaher, for 1Q2014, earned $0.81 per share, which is higher than the Zacks Consensus Estimate, even though it’s just a penny higher. It has increased 8% from the last year’s earnings of $0.75.
GAAP earnings per share of the company reduced 17.3% to $0.81. The earning was $0.98 per share in the previous financial year.
Growth factors
The increase in prison earnings happened due to growth in core revenue along with increased margins. New product development and more investments also helped the company to earn more revenue and earnings.
During the quarter, Danaher Corporation (NYSE:DHR) also had a robust cash and balance sheet. Another factor was the effectiveness of its business system, which helped in improving the financials for the company. All the segments of the company posted a good increase in revenues and margins from the last financial year.
Revenues
For 1Q2014, Danaher had total sales of $4.6K million. This figure is 4.9% higher than the last year. The company saw a 3.5% increase from last year in the core revenues. The revenues resulting from acquisitions increased 2%. The company faced an unfavorable currency translation, which affected the revenues by 0.5%. The revenue posted by Danaher was marginally lower than the Zacks Consensus Estimate.
Margins
The gross margin for Danaher’s grew 30 basis points (bps) and reached 52.6%. The operating margin of the company was up by 60 bps and reached 16.9% for 1Q2014.
Future
Danaher’s core margins and profits grew in all its segments. The company has a strong ongoing free cash flow, which means it has the muscle to acquire more businesses for more growth. Danaher Corporation (NYSE:DHR) also has a conservative guidance, which keeps its projections lower but the company outperforms them.
