Danaher Corporation · NYSE:DHR
Danaher — Q3 2016 Earnings Presentation
12 slides from Danaher's earnings presentation, Oct 20, 2016
Slide 1: Third Quarter 2016 Earnings Release
THIRD QUARTER 2016 EARNINGS RELEASE October 20, 2016
Slide 2: Forward Looking Statements
Forward Looking Statements Statements in this presentation that are not strictly historical, including any statements regarding events or developments that we believe or anticipate will or may occur in the future are "forward-looking" statements within the meaning of the federal securities laws. The
Slide 3: Third Quarter 2016 Performance Summary
Third Quarter 2016 Performance Summary ADJUSTED DILUTED NET REVENUE EARNINGS PER SHARE +17.5% Core +3.0% +22.5% Acquisitions +14.5% FX -- $4,132 $0.87 $3,512 $0.71 Q3 2015 Q3 2016 Q3 2015 Q3 2016 Throughout this presentation, with respect to Revenues, “Acquisitions” refers to the results of business
Slide 4: Third Quarter 2016 Performance Summary
Third Quarter 2016 Performance Summary OPERATING PROFIT MARGIN GROSS MARGINS +320 bps Q3 2015 – 53.9% Core +155 bps + 140 bps Acquisitions -70 bps Q3 2016 – 55.3% Other +235 bps SG&A (as a % of Revenue) Q3 2015 – 34.2% - 160 bps Q3 2016 – 32.6% 16.9% 13.7% R&D (as a % of Revenue) Q3 2015 – 6.0% - 20
Slide 5: Third Quarter 2016 Performance Summary
Third Quarter 2016 Performance Summary $M Q3 2015 Q3 2016 YTD 2015 YTD 2016 OPERATING CASH FLOW $669 $850 $1,888 $2,438 CAP EX 151 149 351 422 FREE CASH FLOW $518 $701 $1,537 $2,016
Slide 6: Third Quarter 2016 Life Sciences
Third Quarter 2016 Life Sciences REVENUE OPERATING PROFIT MARGIN +64.5% +900 bps Core +3.0% Core +180 bps Acquisitions +61.0% Acquisitions -130 bps FX +0.5% Other +850 bps $1,325 15.4% $805 6.4% Q3 2015 Q3 2016 Q3 2015 Q3 2016
Slide 7: Third Quarter 2016 Diagnostics
Third Quarter 2016 Diagnostics REVENUE OPERATING PROFIT MARGIN +3.0% +250 bps Core +3.0% Core +250 bps Acquisitions -- Acquisitions -- FX -- 16.0% $1,176 $1,213 13.5% Q3 2015 Q3 2016 Q3 2015 Q3 2016
Slide 8: Third Quarter 2016 Dental
Third Quarter 2016 Dental REVENUE OPERATING PROFIT MARGIN +3.5% +20 bps Core +3.0% Core +20 bps Acquisitions -- Acquisitions -- FX +0.5% $676 14.8% 15.0% $652 Q3 2015 Q3 2016 Q3 2015 Q3 2016
Slide 9: Third Quarter 2016 Environmental & Applied Solutions
Third Quarter 2016 Environmental & Applied Solutions REVENUE OPERATING PROFIT MARGIN +4.5% -20 bps Core +3.5% Core +60 bps Acquisitions +2.0% Acquisitions -80 bps FX -1.0% 24.5% 24.3% $918 $880 Q3 2015 Q3 2016 Q3 2015 Q3 2016
Slide 10: Guidance
PD 2016 Outlook DANAHER Guidance
Slide 11: Q&A
DANAHER Q&A
Slide 12: DANAHER
ay, DANAHER