Danaher Sales & Profit Rise

Jason Sandefur

Danaher Corp. reported net earnings for the third quarter of 2003 rose 19% to $138.6 million on Q3 sales of $1.3 billion, a 14% increase.
CEO Lawrence Culp said the increase in Q3 sales for the Washington, DC, company was driven by revenues from recent acquisitions.

“Organic growth remains a priority. We have recently seen some encouraging developments in our businesses, but we will continue to drive cost reductions to fund our targeted growth opportunities,” Culp stated.

For the first nine months of 2003, sales gained 15% to $3.3 billion, while net earnings climbed 21% to $366.9 million. Web: danaher.com �2003 FastenerNews.com