Danaher Corp. (NYSE: DHR), Washington, DC, reported sales for 2017 of $18.3 billion, an 8.3 percent increase over the same period a year ago. Profit decreased 3.8 percent to $2.5 billion.
For the fourth quarter, sales were $5.1 billion, up 10.9 percent over the same period in 2016. Profit increased 14.6 percent to $856.6 million.
Danaher has also named Matthew McGrew, group CFO of the company's diagnostics and dental platforms, as CFO. McGrew will succeed Daniel Comas who will continue as an executive vice president and a member of the office of the chief executive, effective January 1, 2019 as he begins a gradual transition to retirement.