Danaher sales up 5.5%
Danaher Corporation reported sales for the 2012 fourth quarter were $4.98 billion, 5.5% higher than the $4.72 billion reported for the 2011 fourth quarter.
Core revenues increased 3.5% in the quarter compared to the fourth quarter of 2011.
Net earnings for the quarter were $630.4 million, or 89 cents per share on a diluted basis, a 12.5% increase over earnings per share of 79 cents for the fourth quarter 2011.
Net earnings for the full year 2012 were $2.3 billion, or $3.23 per share on a diluted basis, compared with net earnings of $1.9 billion, or $2.77 per share on a diluted basis for the full year 2011. Revenues for the full year 2012 were $18.3 billion compared to $16.1 billion for the full year 2011, an increase of 13.5%. Core revenues increased 2.5% for the full year 2012 compared to the full year 2011.
The company expects to close on the pending divestiture of its interest in Apex Tool Group within the next two weeks.
"We were pleased by the strong finish to 2012, which was broad-based across most of our businesses," said H. Lawrence Culp Jr., president and chief executive officer.
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GHX Industrial. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
