Danaher CEO Comments on Outlook
WASHINGTON, June 3 /PRNewswire-FirstCall/ -- Danaher Corporation announced that its President and Chief Executive Officer, H. Lawrence Culp, Jr., will comment today on the Company's second quarter outlook at the J.P. Morgan Basics and Industrials Conference in New York City. Mr. Culp will communicate that the company's adjusted earnings per share is anticipated to be $1.04-$1.07 for the 2008 second quarter versus the previous guidance range of $1.02 to $1.07. This range excludes an estimated $0.03 per share of non-cash charges for fair value adjustments to recorded inventory and deferred revenue incurred in connection with the acquisition of Tektronix. Including these charges, the updated guidance range is $1.01 to $1.04 per share.
Danaher Corporation is a leading manufacturer, specializing in Professional Instrumentation, Medical Technologies, Industrial Technologies and Tools and Components (www.danaher.com).
Statements in this release that are not strictly historical, including the statement regarding expectations for the second quarter of 2008 and any other statements regarding events or developments that we believe or anticipate will or may occur in the future, may be "forward-looking" statements. There are a number of important factors that could cause actual events to differ materially from those suggested or indicated by such forward-looking statements. These factors include, among other things, competition, our ability to develop and successfully market new products and technologies, our ability to expand our business in new markets, our ability to identify, consummate and integrate appropriate acquisitions, litigation and other contingent liabilities including intellectual property and environmental matters, our compliance with applicable laws and regulations and changes in applicable laws and regulations, tax audits and changes in our tax rate, currency exchange rates, commodity costs and surcharges, our relationships with and the performance of our channel partners, our ability to achieve projected efficiencies, cost reductions, sales growth and earnings, economic and other conditions in the end-markets we sell into, and general domestic and international economic conditions. Additional information regarding the factors that may cause actual results to differ materially from these forward- looking statements is available in our SEC filings, including our 2007 Annual Report on Form 10-K and our Quarterly Report on Form 10-Q for the first quarter of 2008. These forward-looking statements speak only as of the date of this release and the Company does not intend to update any forward-looking statement.
CONTACT: Andy Wilson, Vice President, Investor Relations of Danaher
Corporation, +1-202-828-0850, Fax: +1-202-828-0860
Web site: http://www.danaher.com/