Danaher Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended of December 31, 2016; Provides Earnings Guidance for the First Quarter and Full Year of 2017
For the full year, the company reported sales of $16,882.4 million compared to $14,433.7 million a year ago. Operating profit was $2,750.9 million compared to $2,162.2 million a year ago. Earnings from continuing operations before income taxes were $2,611.3 million compared to $2,039.4 million a year ago. Net earnings from continuing operations were $2,153.4 million compared to $1,746.7 million a year ago. Net earnings were $2,553.7 million compared to $3,357.4 million a year ago. Diluted net earnings per share were $3.65 compared to $4.74 a year ago. Net cash provided by operating activities was $3,521.8 million compared to $3,801.8 million a year ago. Payments for additions to property, plant and equipment was $589.6 million compared to $512.9 million a year ago.
For the first quarter 2017, the Company anticipates that diluted net earnings per share will be in the range of $0.64 to $0.67. Non-GAAP adjusted diluted net earnings per share are expected to be $0.82 to $0.85, reflecting the adjustments identified on the attached reconciliation schedule.
For the full year 2017, the company anticipates diluted net earnings per share to be $3.13 to $3.23. The company continues to expect its non-GAAP adjusted diluted net earnings per share to be in the range of $3.85 to $3.95, reflecting the adjustments identified on the attached reconciliation schedule.