Ahead of its annual investor and analyst meeting to be held in New York City, Danaher Corporation (NYSE: DHR) (the “Company”) initiated its 2019 outlook. The Company anticipates that 2019 diluted net earnings per share will be in the range of $4.02 to $4.12.
2019 non-GAAP adjusted diluted net earnings per share is anticipated to be in the range of $4.75 to $4.85, which assumes non-GAAP core revenue growth of approximately 4%.
Thomas P. Joyce, Jr., President and Chief Executive Officer, stated, “We are very pleased with our 2018 performance year-to-date. We delivered strong revenue growth and operating margin expansion, double-digit earnings per share growth and closed over $2B in acquisitions including IDT, a leading player in the genomics consumables market. We believe this year’s solid cash flow performance — in addition to our exceptional balance sheet capacity — positions us very well for future strategic capital deployment.”
Joyce continued, “We have transformed Danaher meaningfully over the past several years, evolving into a higher growth, higher margin, and higher recurring revenue company. We have done this through a combination of organic and inorganic growth initiatives, which have helped drive market share gains in many of our businesses. Looking ahead, with the power of the Danaher Business System as our foundation we will continue to focus on building a better, stronger Danaher and creating shareholder value for years to come.”
Danaher will host a live video webcast of its investor and analyst meeting today, December 13, 2018, beginning at 9:30 a.m. ET and concluding at approximately 12:00 p.m. ET. The video webcast will be available on the Investors section of Danaher’s website, www.danaher.com, under the heading “Events & Presentations.” A replay of the webcast will be available shortly after the conclusion of the presentation.
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