Danaher Reports Strong Q2 2021 Results with Core Revenue Growth Exceeding 30%

SHANGHAI, July 23, 2021 /PRNewswire/ -- WASHINGTON, July 22, 2021 -- Danaher Corporation (NYSE: DHR) (the "Company") today announced its financial results for the second quarter of 2021. Unless otherwise stated, all results in this press release reflect continuing operations only.

For the quarter ended July 2, 2021, net earnings were $1.7 billion, and diluted earnings per common share was $2.28, representing a year-over-year increase of 84.0% compared to the same period in 2020. On a non-GAAP basis, adjusted diluted net earnings per common share was $2.46, representing a year-over-year increase of 71.0% compared to the same period in 2020.

Revenue increased 36.5% year-over-year to $7.2 billion, including non-GAAP core business growth of 31.5%.

Operating cash flow for Q2 2021 was $2.1 billion, up 46.5% year-over-year: non-GAAP free cash flow was $1.8 billion, up 41.0% year-over-year.

For the third quarter of 2021, the company expects non-GAAP core revenue growth to be 15% to 19%.

For the full year 2021, the Company currently expects non-GAAP core revenue growth, including Cytiva, to be approximately 20%.

Danaher President and Chief Executive Officer Rainer M. Blair (Rainer M. Blair) stated: "Our diversified portfolio demonstrated competitive advantages across the board, helping us achieve core revenue growth of over 30%, strong earnings per share growth, and robust cash flow generation. This quarter, we continued to make significant growth investments, and by announcing the pending acquisition of Aldevron, we reinforced our organic growth trajectory and enhanced our solutions。”

Rainer Blair also stated that he is confident a leading product portfolio, coupled with DBS-driven execution, will set today's Danaher apart and lay a solid foundation for long-term, sustainable excellence in the future.

About Danaher:

Danaher is a global innovator in science and technology, dedicated to helping our customers worldwide address complex challenges and improve the quality of life. In demanding and attractive sectors such as health, environmental, and industrial applications, we own numerous world-renowned brands. Danaher Corporation operates more than 20 companies globally and employs over 60,000 people. Our diverse team is united by a shared culture and operating system—the Danaher Business System (DBS)—and a common purpose: to realize life’s limitless potential.

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