Danaher Corp., Washington, D.C., reported a 20% jump in profit for the fourth quarter 2005 to $261.6 million, compared with the same period last year. Sales for the 2005 fourth quarter were $2,263.8 million compared with $1,979.6 million for the fourth quarter of 2004, an increase of 14.5%.
Profit for the full year 2005 were $907.7 million, a 21.5% increase, compared with $746 million for 2004. Sales for 2005 were $7,984.7 million compared with $6,889.3 million in 2004, an increase of 16%.
'For the quarter, growth from existing businesses, also known as core revenues, increased 5.5%,' said CEO and President H. Lawrence Culp Jr. 'Operating cash flow for the year was a record $1.2 billion, representing a 16.5% increase over 2004. Our record performance throughout 2005 and our strong finish to the year give us confidence in our ability to deliver excellent results in 2006.'
Danaher specializes in Professional Instrumentation, Industrial Technologies and Tools and Components.