Danaher Corp.
2099 Pennsylvania Ave. NW
Washington, D.C. 20006
www.danaher.com Year founded: 1969 Industry: Manufacturing Revenue: $5.29 Billion Net Income/Loss: $536.83 Million Earnings per share: $3.37 Dividend: $0.10 Stockholder equity: $3.65 Billion Auditor: Ernst & Young LLP Stock: DHR Assets: $6.89 Billion Market capitalization: $14.48 Billion 52-week high: 96.2 3/17/2004 52-week low: 64.1 5/27/2003 Chairman: Steven M. Rales President and CEO: H. Lawrence Culp, Jr. Employees: 30000 Local employees: 52 Description: Danaher has headquarters on Pennsylvania Avenue, but its operations are far-flung. The company makes the Sears Craftsman line of tools in places around the country, as well as other tool lines such as Armstrong Tools of Chicago and Sata Tools in Shanghai. Danaher also owns companies that make electronic testing equipment, environmental instrumentation, motion control systems and product identification technology. Developments: Danaher continued to grow through acquisitions last year, venturing into medical technology. It announced plans to pay $730 million for a Danish company, Radiometer, that makes blood gas analyzers and spent about $102 million for the Gendex division of DENTSPLY International Inc. Based in Illinois, Gendex makes dental X-ray machines and other dental imaging products. In addition, Danaher beefed up its product identification business by buying Accu-Sort Systems, a Pennsylvania company that makes scanners for tracking and sorting items in industrial processes, for about $63 million. The company's diet of acquisitions led to record financial results last year, with sales of $5.3 billion, up more than 15 percent from $4.6 billion in 2002. Earnings were up as well. The company said its tool business increased market share by 1 percent last year despite tough overall market conditions. President H. Lawrence Culp Jr. has told investors that Danaher is benefiting from the economic recovery and predicted earnings would continue to rise this year. Executive Compensation
President and CEO: H. Lawrence Culp, Jr.
Total Cash: $3,377,060.00
Total Compensation: $57,533,344.00 Executive Vice President: Philip W. Knisely
Total Cash: $1,149,702.00
Total Compensation: $14,812,811.00 Executive Vice President: Steven E. Simms
Total Cash: $1,100,106.00
Total Compensation: $14,764,421.00 CFO: Patrick W. Allender
Total Cash: $1,172,260.00
Total Compensation: $12,564,217.00
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