Business News

Danaher Reports Record First Quarter 2011 Results

Thursday 21. April 2011 - Danaher Corporation (NYSE: DHR) announced today that net earnings from continuing operations for the quarter ended April 1, 2011 were $420.2 million, or $0.61 per share on a diluted basis, a 42% increase as compared to diluted net earnings from continuing operations per share for the first quarter 2010, and a 33% increase as compared to adjusted diluted net earnings from continuing operations per share for the first quarter 2010.

Net earnings from discontinued operations for the quarter ended April 1, 2011 were $9.1 million, or $0.01 per share on a diluted basis.
As announced on January 18, 2011, Danaher has reached an agreement for the sale of its Pacific Scientific Aerospace business. The results from this business are reflected as discontinued operations in the financial statements included in Danaher’s Quarterly Report on Form 10-Q for the first quarter of 2011.
Sales from continuing operations for the 2011 first quarter were $3.3 billion, 11.0% higher than the $3.0 billion reported sales from continuing operations for the 2010 first quarter. Core revenues increased 10% in the quarter compared to the first quarter of 2010.
H. Lawrence Culp, Jr., President and Chief Executive Officer, stated, “We were particularly pleased by our team’s execution which led to strong core revenue and earnings growth during the quarter. Our commitment to the emerging markets combined with a number of major new product launches scheduled for 2011 reinforces our confidence in our ability to outperform in 2011 and over the long term.”