Danaher Corporation · NYSE:DHR

Danaher — Q3 2016 Earnings Presentation

12 slides from Danaher's earnings presentation, Oct 20, 2016

  1. Slide 1: Third Quarter 2016 Earnings Release

    THIRD QUARTER 2016 EARNINGS RELEASE October 20, 2016

  2. 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

  3. 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

  4. 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

  5. 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

  6. 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

  7. 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

  8. 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

  9. 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

  10. Slide 10: Guidance

    PD 2016 Outlook DANAHER Guidance

  11. Slide 11: Q&A

    DANAHER Q&A

  12. Slide 12: DANAHER

    ay, DANAHER

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