Danaher Corp. (NYSE: DHR), Washington, D.C., reported sales for the second quarter of $4.6 billion, a 25 percent increase over the same period a year ago. Core revenues increased 3.5 percent. Profit fell 7.5 percent to $600 million.
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For the first six months, sales were $8.9 billion, a 28 percent increase year-over-year. Profit increased 12.5 percent to $1.2 billion.
"While the team continues to execute well, the worsening macroeconomic headlines suggest it's prudent to accelerate cost actions while maintaining our growth investments,” said H. Lawrence Culp, Jr., president and CEO of Danaher. “We believe our focus on capturing market share while accelerating cost reductions, coupled with our optimism on the acquisition front, positions us well for the balance of 2012 and beyond."