Report
Michael Waterhouse
EUR 100.00 For Business Accounts Only

Danaher Should Sustain Solid Performance Even Though Currency and Tariffs Represent Small Hurdles

We plan to make a few adjustments to our model for narrow-moat Danaher, but the company’s fourth-quarter results largely keep the company in line with our expectations. Management’s outlook for $4.75 to $4.85 in adjusted EPS in 2019 is below our initial forecast, but we think its likely the company has started the year off on a conservative tone, especially with modest headwinds from China-related tariffs combined with negative currency effects. Economic growth concerns in China also don’t seem ...
Underlying
DANAHER CORPORATION

Danaher designs, manufactures and markets medical, industrial and commercial products and services. The company's segments include: Life Sciences, which provides research tools to study genes, proteins, metabolites and cells, in order to understand the causes of disease, identify therapies and test drugs and vaccines; Diagnostics, which provides analytical instruments, reagents, consumables, software and services that hospitals, physicians' offices, reference laboratories and other critical care settings use to diagnose disease and make treatment decisions; and Environmental and Applied Solutions, which provides products and services to protect resources and global food and water supplies.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Michael Waterhouse

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