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Danaher Corp. (NYSE: DHR), Washington, D.C., reported sales for the third quarter of $4.4 billion, a 0.7 percent decline from the prior-year period. Profit increased 4.8 percent to $548.7 million.
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For the first nine months, sales were $13.3 billion, a 16.8 percent jump over the same period a year ago. Profit rose 10 percent to $1.8 billion.
"Our team continued to execute well with solid margin expansion and cash flow performance in the quarter. Despite the macroeconomic pressures, we are successfully protecting our organic investments while remaining active on the acquisition front,” H. Lawrence Culp, Jr., president and CEO said. “We believe our strong recurring revenue base and efforts to reduce our structural costs, coupled with margin expansion opportunities present in our newer businesses position us well for the balance of 2012 and beyond."