Danaher Corp. (NYSE: DHR), Washington, D.C., reported sales for the third quarter were $4.5 billion, an increase of 45 percent over the same period a year ago. Core revenues increased 7.5 percent. Profit fell 19 percent to $523.4 million.
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For the first nine months, sales were $11.6 billion, up 25 percent over the prior year period. Profit grew 23 percent to $1.6 billion.
\”We saw continued momentum across our businesses and were particularly pleased with our execution which led to outstanding year-over-year core revenue growth, core operating margin expansion, cash flow and earnings performance,\” said H. Lawrence Culp, Jr., president and CEO. \”As we are mindful that the environment is likely to be more challenging going forward, we anticipate increasing our previously announced fourth quarter restructuring efforts from approximately $50 million to approximately $100 million. This estimate excludes our ongoing cost reduction efforts at Beckman Coulter.\”