Danaher Sales & Profit Up
October 26
00:00
2005
Danaher Sales & Profit Up
Jason Sandefur
Danaher Corp. reported Tools & Components segment sales, including fasteners, dipped 1% to $323.45 million during the third quarter of 2005, while operating profit gained 1% to $54.9% with help from steel cost recovery programs.
Nine-month segment sales declined 1.5% to $945.2 million, while operating profit remained flat at $148.3 million.
Overall Danaher sales grew 12.7% to $1.97 billion in Q3, driving net profit up 14% to $228.8 million. Nine-month revenue increased 16.5% to $5.72 billion, while net profit improved 22.3% to $646.1 million. Web: danaher.com �2005 FastenerNews.com
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