Danaher (NYSE: DHR) reported Q1 EPS of $0.99, $0.05 better than the analyst estimate of $0.94. Revenue for the quarter came in at $4.7 billion versus the consensus estimate of $4.54 billion.

• Non-GAAP adjusted diluted net earnings per share were $0.99. This represents a 16.5% increase over the comparable 2017 period. For the first quarter 2018, revenues increased 11.5% year-over-year to $4.7 billion, with non-GAAP core revenue growth of 5.5%.
• Operating cash flow for the first quarter 2018 was $828.9 million, representing a 48% increase over the comparable 2017 period. Non-GAAP free cash flow for the first quarter 2018 increased 72% year-over-year to $691.4 million, representing a non-GAAP free cash flow to net income conversion ratio for the first quarter 2018 of 122%.
• For the second quarter 2018, the Company anticipates that diluted net earnings per share will be in the range of $0.88 to $0.91 and non-GAAP adjusted diluted net earnings per share will be in the range of $1.07 to $1.10.
• For the full year 2018, the Company now anticipates that diluted net earnings per share will be in the range of $3.62 to $3.69.
• The Company now expects its 2018 non-GAAP adjusted diluted net earnings per share to be in the range of $4.38 to $4.45 versus previous guidance of $4.25 to $4.35.

GUIDANCE:

Danaher sees FY2018 EPS of $4.38-$4.45, versus the consensus of $4.39.

For earnings history and earnings-related data on Danaher (DHR) click here.