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DANAHER CORPORATION ANNOUNCES SECOND QUARTER RESULTS

 WASHINGTON, July 21 /PRNewswire/ -- Danaher Corporation (NYSE: DHR) announced today that net earnings for its second quarter ended July 2, 1993, were $12.8 million, 59 percent above the corresponding 1992 period of $8.1 million. Earnings per share were 44 cents compared to 28 cents for the corresponding 1992 period. Net revenues for the 1993 second quarter were $258.9 million, 9.4 percent higher than the $236.6 million for the quarter ended June 26, 1992.
 For the six months ended July 2, 1993, earnings before the cumulative effect of accounting changes were $22.9 million, or 79 cents per share, compared to $13.2 million, or 46 cents per share, for the six months ended June 26, 1992. Net revenues for the 1993 six month period were $507.3 million, 13.1 percent higher than the $448.3 million reported in 1992. In the first quarter, the company adopted a new accounting method for post-retirement benefits resulting in a charge of $36 million, net of a $20 million tax benefit. After this charge, a $13.1 million net loss was reported for the six months ended July 2, 1993.
 George M. Sherman, president and chief executive officer, stated: "Despite continued economic uncertainty, each of our business groups has grown faster than the industries in which we participate. Again this quarter, each of our business groups achieved double digit improvements in operating profits. Looking forward, we anticipate continued earnings leverage enhanced by the recent business acquisition within our process/environmental controls group."
 Danaher Corporation is a leading manufacturer of tools, process/environmental controls and transportation products.
 DANAHER CORPORATION
 Results of Operations
 (thousands, except per share amounts)
 Quarter Ended Six Months Ended
 7/2/93 6/26/92 7/2/93 6/26/92
 Net revenues $258,902 $236,642 $507,286 $448,346
 Earnings before taxes
 and cumulative effect
 of accounting change 22,062 13,878 39,450 22,782
 Earnings before
 cumulative effect
 of accounting change 12,795 8,050 22,880 13,214
 Cumulative effect
 of accounting change -- -- (36,000) --
 Net earnings (loss) $12,795 $ 8,050 $(13,120) $13,214
 Earnings per share:
 Before accounting
 change $ 0.44 $ 0.28 $ 0.79 $ 0.46
 Cumulative effect -- -- (1.25) --
 Net earnings (loss) $ 0.44 $ 0.28 $ (0.46) $ 0.46
 Average shares
 outstanding 28,793,831 28,734,002 28,793,535 28,693,444
 -0- 7/21/93
 /CONTACT: Patrick W. Allender, chief financial officer, Danaher Corporation, 202-828-0850/
 (DHR)


CO: Danaher Corporation ST: District of Columbia IN: SU: ERN

TW-DS -- DC004 -- 3827 07/21/93 09:48 EDT
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Publication:PR Newswire
Date:Jul 21, 1993
Words:433
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