Danaher Corp. (NYSE: DHR), Washington, DC, reported sales for the first quarter of $4.7 billion, an increase of 5 percent compared to the same period a year ago. Core sales increased 3.5 percent. Profit increased 8 percent to $579.7 million.
"The Danaher Business System has helped build momentum across our portfolio by driving continued share gains and funding increased growth investments. We believe this momentum, along with our robust balance sheet and confidence on the acquisition front, position us well in 2014," H. Lawrence Culp Jr., president and CEO, said.
Additionally, Danaher Corp. announced that Thomas Joyce Jr., executive vice president, will succeed H. Lawrence Culp Jr. as president and CEO, effective March 1, 2015.