Danaher Q2 2020 Earnings Report
Key Takeaways
Danaher Corporation reported a strong second quarter with a 19.0% increase in revenues to $5.3 billion and a 38.0% increase in net earnings per share to $1.24. Non-GAAP adjusted diluted net earnings per share were $1.44, a 32.0% increase. The company's performance was driven by its team's commitment to the Danaher Business System and its portfolio of businesses.
Revenues increased by 19.0% year-over-year to $5.3 billion.
Net earnings were $927.3 million, or $1.24 per diluted common share, a 38.0% year-over-year increase.
Non-GAAP adjusted diluted net earnings per common share were $1.44, a 32.0% increase year-over-year.
Operating cash flow was $1.4 billion, a 37.0% increase year-over-year, and non-GAAP free cash flow was $1.3 billion, a 41.0% increase year-over-year.
Danaher
Danaher
Forward Guidance
The Company anticipates that non-GAAP core revenue growth including Cytiva will be in the mid- to high-single digit range for the third quarter 2020.