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Danaher Corp




Danaher Corp is a fortune 500 stock listed company trading under the symbol DHR and a good stock performance result.




 


If you've ever used Craftsman hand tools or bought something with a bar code on it, then odds are you've been in touch with Danaher's business. Its Professional Instrumentation group produces environmental, electronic testing, and medical technology. The Industrial Technologies unit makes motion control equipment and devices that read bar codes. Danaher's Tools and Components segment includes hand tools, automotive specialty tools, and accessories under brand names like Sears' Craftsman, Veeder-Root (leak-detection systems for fuel tanks and gas pumps), and Pacific Scientific (electric motors and safety equipment).



 


On January 26, 2006, Danaher Corporation announced results for the fourth quarter and the year ended December 31, 2005. The net earnings for the fourth quarter of 2005 were 261.6 million Dollars, or 0.81 dollar per diluted share, a 20 percent increase compared with 217.7 million dollars, or 0.67 dollar per diluted share for the fourth quarter of 2004. Sales for the 2005 fourth quarter were 2,263.8 million dollars compared to 1,979.6 million dollars for the fourth quarter of 2004, an increase of 14.5 percent.




The net earnings for the full year 2005 including the effect of certain gains on the sale of real estate and other assets of 0.03 dollar per share were 907.7 million dollars, or 2.79 per dollar diluted share, a 21.5 percent increase, compared with 746.0 million dollars, or 2.30  dollar per diluted share for 2004 which included approximately 0.02 dollar per share of gains on the sale of real estate. Sales for 2005 were 7,984.7 million dollars compared to 6,889.3 million dollars in 2004, an increase of 16 percent.




H. Lawrence Culp, Jr., President and Chief Executive Officer said that the company was pleased to once again report record fourth quarter and full year results. For the quarter, growth from existing businesses, also known as core revenues increased 5.5 percent. The operating cash flow for the year was a record 1.2 billion dollars, representing a 16.5 percent increase over 2004. Their record performance throughout 2005 and strong finish to the year give them the confidence in their ability to deliver excellent results in 2006.




With the past performance of the company in mind and the expertise and dedication of the management and staff the company is expected go to far greater heights in the near future.




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