Danaher Corp. reported first quarter fiscal year 2017 earnings of $483.8 million, or $0.69 per diluted share, an 18 percent year-over-year decrease.
Here's what you should know.
1. The company's non-generally accepted accounting principles earnings were $0.85 per share, an 8.0 percent increase year-over-year.
2. Revenues increased 7 percent for first quarter 2017 to $4.2 billion, with a 2.5 percent core revenue growth.
3. Danaher expects its fiscal year 2017 diluted net earnings will be between $3.13 and $3.23 per share. It expects its non-GAAP adjusted diluted net earnings will be between $3.85 and $3.95 per share.
4. Danaher President and CEO Thomas P. Joyce Jr. said, "We are off to a good start in 2017. During the first quarter, our two most recent large acquisitions, Pall and Cepheid, performed very well. We drove share gains in a number of our operating companies and achieved high-single-digit adjusted earnings per share growth. We also continued to reinvest in our businesses to enhance our long-term growth trajectory, and we feel well-positioned to benefit from a number of compelling market drivers across the portfolio."