Danaher Reaffirms 2014 Guidance and Initiates 2015 Outlook
WASHINGTON, Dec. 11, 2014 /PRNewswire/ --Ahead of an institutional investor and analyst meeting to be held in New York, Danaher Corporation (DHR) reaffirmed the Company's GAAP diluted net earnings per share guidance of $1.00 to $1.04 for the fourth quarter 2014.
The Company anticipates that 2015 adjusted diluted net earnings per share will be in the range of $4.35 to $4.45 which assumes core revenue growth of between 3% and 4%. The 2015 adjusted diluted net earnings per share guidance excludes 2015 non-cash amortization which is anticipated to be approximately $440 million, or $0.46 per diluted share, compared to approximately $380 million, or $0.40 per diluted share, in 2014.
Thomas P Joyce, Jr., President and Chief Executive Officer, stated, "The Danaher Business System continues to help us drive solid growth, margin performance and free cash flow. We are focused on optimizing our portfolio of businesses to improve and sustain their market-leading positions. With our targeted organic investments and substantialacquisition capacity we look forward to 2015 and beyond with confidence."