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DANAHER CORPORATION ANNOUNCES THIRD QUARTER RESULTS

 WASHINGTON, Oct. 19 /PRNewswire/ -- Danaher Corporation (NYSE: DHR) announced today that the net earnings for its third quarter ended Oct. 1, 1993, were $14.5 million, 49 percent above the corresponding 1992 period of $9.7 million. Earnings per share for the 1993 quarter were 50 cents compared to 34 cents for the 1992 third quarter. Net revenues for the 1993 third quarter were $281.0 million, 14 percent higher than the $246.1 million for the quarter ended Sept. 25, 1992.
 For the nine-month period ended Oct. 1, 1993, earnings before the cumulative effect of accounting changes were $37.3 million or $1.29 per share, compared to $22.9 million or 80 cents per share for the nine months ended Sept. 25, 1992. Net revenues of $788.3 million for the 1993 nine-month period were 14 percent higher than the $694.4 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, net income of $1.3 million was reported for the nine months ended Oct. 1, 1993.
 George M. Sherman, president and chief executive officer, stated: "We are very pleased with the operating performance in each of our business groups, as we continue to outperform the industries in which we participate. Again this quarter, each group achieved double-digit gains in operating profits. We remain confident that our performance will continue to reflect year-over-year improvement in the fourth quarter and into next year."
 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 Nine Months Ended
 10/1/93 9/25/92 10/1/93 9/25/92
 Net revenues $281,017 $ 246,092 $788,303 $ 694,438
 Earnings before
 taxes and
 cumulative effect
 of accounting
 change 24,948 16,763 64,398 39,545
 Earnings before
 cumulative effect
 of accounting
 change 14,468 9,731 37,348 22,945
 Cumulative effect of
 accounting change -- -- (36,000) --
 Net earnings $ 14,468 $ 9,731 $ 1,348 $22,945
 Earnings per share:
 before accounting
 change $ 0.50 $ 0.34 $ 1.29 $ 0.80
 Cumulative effect -- -- (1.25) --
 Net earnings (loss) $ 0.50 $ 0.34 $ 0.04 $ 0.80
 Average shares
 outstanding 28,950,256 28,730,898 28,845,775 28,705,928
 -0- 10/19/93
 /CONTACT: Patrick Allender, chief financial officer, of Danaher Corporation, 202-828-0850/
 (DHR)


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

MH-DS -- DC006 -- 3770 10/19/93 09:00 EDT
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Publication:PR Newswire
Date:Oct 19, 1993
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