Danaher reported net earnings of $656.7 million during the second quarter of 2016, up 5 percent compared to the second quarter last year.
Danaher's financial results include Fortive operations, Danaher's recent spin-off.
Here are seven takeaways:
1. The company's Non-GAAP adjusted diluted net earnings per share from continuing operations was $1.25, up 17 percent from the same period in 2015.
2. Danaher revenues reached $5.8 billion, a 16.5 percent increase, representing a core revenue growth of 2 percent.
3. During the second quarter, the company's operating cash flow from continuing operation reached $2.1 billion, up 26 percent from the second quarter of 2015.
4. Danaher expects GAAP diluted net earnings per share from continuing operations between $0.47 and $0.51 for the third quarter of 2016.
5. The company projects its non-GAAP adjusted diluted net earnings per share from continuing operations to fall between $0.80 and $0.84.
6. For the full year 2016, Danaher expects GAAP diluted net earnings per share from continuing operations to be between $2.79 and $2.86.
7. The projected non-GAAP adjusted diluted net earnings per share from continuing operations to fall between $3.53 and $3.60.
"We were pleased with our performance in the second quarter. Our team continued to execute well in challenging economic conditions, delivering high-teens adjusted earnings per share growth, and strong operating and free cash flow from continuing operations in the quarter," said Danaher President and CEO Thomas P. Joyce, Jr.
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