Danaher Announces Record Second Quarter Results (PR Newswire)

Thursday July 17, 6:00 am ET WASHINGTON, July 17 /PRNewswire-FirstCall/ -- Danaher Corporation (NYSE: DHR - News ) announced today that net earnings from continuing operations for the quarter ended June 27, 2008 were $363 million, or $1.09 per diluted share, an 18% increase as compared to the Company's 2007 second quarter net earnings from continuing operations of $308 million, or $0.95 per diluted share. Included in the 2008 second quarter earnings per share results were certain non-cash charges related to the acquisition of Tektronix for fair value adjustments to recorded inventory and deferred revenue which reduced net earnings by $10 million or $0.03 per diluted share in the period. The Company's tax rate for the quarter was 24% which benefited from certain favorable discrete tax benefits as well as a slightly lower... [read full story]