Danaher Tools & Component Sales Rise
July 24
00:00
2006
Danaher Tools & Component Sales Rise
Jason Sandefur
Danaher Corp. reported Tools and Components segment sales, including fasteners, grew 3.6% to $322.5 million during the second quarter of 2006, with operating profit gaining 2.3% to $47.5 million.
During the first six months of 2006, Tools and Components sales rose 4.4% to $649.4 million, while operating profit dipped 5.5% to $88.3 million.
Overall Q2 net earnings jumped 40% to $315 million on a 21.5% increase in sales to $2.35 billion. First half sales improved 19.5% to $4.5 billion, while net income rose 27% to $530 million. Web: danaher.com �2006 FastenerNews.com
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