Global Fastener News

Danaher Sales Grow

April 26
00:00 2004

Danaher Sales Grow

John Wolz

Danaher Corp. announced net earnings for the first quarter of 2004 climbed 41% to $145.2 million on a 29% sales increase to $1.54 billion.
Sales for the Tools and Components segment, including fasteners, rose 18.1% to $316.8 million, while operating profit improved 28.6% to $44.55 million.

CEO Lawrence Culp expressed optimism in the company”s outlook for the coming months.
“We continue to see strength across most of our businesses as well as in many of our markets,” he stated.
Danaher also unveiled plans for a two-for-one split of its common stock, and a higher cash dividend for the second quarter, following the stock split. Web: danaher.com �2004 FastenerNews.com

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