The 2020 Mid-Year Economic Update_long

Danaher Core Sales Up 1% in 1Q

Profit increased 34 percent from 2012 levels.

Danaher Corp. (NYSE: DHR), Washington, DC, reported first-quarter sales of $4.4 billion, a 3 percent increase from the first quarter of 2012. Core revenues increased 1 percent. Profit increased 34 percent to $691.9 million.

H. Lawrence Culp, Jr., president and CEO, said, "Our modest expectations for global growth heading into this year have, so far, played out largely as anticipated.  The Danaher Business System continues to help us drive share gains, margins and cash flow in this low growth environment. We believe our solid recurring revenue base, the structural cost actions executed in 2012 and an attractive acquisition environment position Danaher well for the balance of 2013 and beyond."

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