The 2020 Mid-Year Economic Update_long

Danaher Sales Up 3.5% in 2Q

Sales for the first half increased 3.9 percent year-over-year.

Danaher Corp. (NYSE: DHR), Washington, DC, reported sales for the second quarter of $5.1 billion, a 3.5 percent increase over the same period a year ago. Core revenues also increased 3.5 percent. Profit grew 2.8 percent to $695.6 million.

For the first half, sales were $10 billion, up 3.9 percent year-over-year. Profit decreased 0.7 percent to $1.3 billion.

"Our team executed well, using the Danaher Business System to deliver solid core revenue growth, excellent margin expansion and earnings outperformance," said Thomas P. Joyce, Jr., president & CEO. "We also announced the pending acquisition of Pall Corporation-the largest in our history-and our intent to separate into two public companies, all while sustaining our significant organic growth investments."

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