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DANAHER CORPORATION REPORTS FOURTH QUARTER AND 1992 RESULTS

 WASHINGTON, Jan. 29 /PRNewswire/ -- Danaher Corporation (NYSE: DHR) announced today results for the fourth quarter and year ended Dec. 31, 1992. Net earnings for the fourth quarter of 1992 were $8.7 million ($.30 per share) compared to net earnings of $897,000 ($.03 per share) in the 1991 fourth quarter.
 The 1992 fourth quarter results include a $3.5 million ($.12 per share) loss on the sale of non-strategic break-even product line with annual sales of $13 million. 1991 results include a $5.1 million ($.18 per share) nonrecurring charge for product realignment and manufacturing restructuring expenditures.
 Revenues for the fourth quarter were $261.1 million in 1992 compared to $223.7 million in the comparable 1991 period, representing a 17 percent increase in the 1992 quarter.
 For the full year, net earnings for 1992 were $31.6 million or $1.10 per share, compared to $13.3 million or $.47 per share in 1991. Revenues in 1992 were $955.5 million compared to $837.4 million in 1991, representing a 14 percent increase for the full year. All three business groups achieved double-digit revenue growth.
 George M. Sherman, president and chief executive officer, stated, "Our fourth quarter results, excluding the business sale, represents the highest fourth quarter sales and earnings per share, from operations, in the company's history. We are extremely pleased that the 1992 results improved throughout the year realizing returns on the substantial investments we made in new products, business processes and customer relationships over the past several years. We continued to improve the company's capital structure in 1992, and enter 1993 with the strongest financial position and lowest cost long-term capital in the company's history, which provides an enhanced ability to finance our future growth."
 Danaher Corporation is a leading manufacturer of Tools, Process/Environmental Controls and Transportation Products.
 DANAHER CORPORATION
 Results of Operations
 (In thousands, except per share amounts)
 Periods ended Quarter Year
 Dec. 31 1992 1991 1992 1991
 Net revenues $261,080 $ 223,701 $ 955,518 $837,386
 Net earnings 8,656(A) 897(B) 31,601(A) 13,321(A)
 Earnings per share .30(A) .03(B) 1.01(A) .47(B)
 Average shares 28,771,318 28,599,638 28,722,276 28,559,275
 (A) -- Includes a $3,500,000 loss ($.12 per share) on the disposition of a non-strategic business.
 (B) -- Includes a $5,100,000 ($.18 per share) nonrecurring charge for product realignment and manufacturing restructuring expenditures.
 -0- 1/29/93
 /CONTACT: Patrick W. Allender, chief financial officer of Danaher Corporation, 202-828-0850/
 (DHR)


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

TS-OS -- NY009 -- 0626 01/29/93 09:16 EST
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Publication:PR Newswire
Date:Jan 29, 1993
Words:444
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