Mr. Sherman stated, "While we have experienced a slow down in certain of our tool and components segment businesses, which we expect will likely continue through the first half of 2001, the continuing strength in our major process/environmental control businesses, coupled with targeted cost reductions, make us comfortable that 2001 will be another record year for Danaher, with free cash flow again in excess of net income for the tenth consecutive year."
Danaher Corporation is a leading manufacturer of Process/Environmental Controls and Tools and Components (http://www.danaher.com/ ).
Statements in this release that are not strictly historical may be "forward-looking" statements, which involve risks and uncertainties. These include economic and currency conditions, market demand, pricing, and competitive and technological factors, among others, as set forth in the Company's SEC filing.
SOURCE: Danaher Corporation
Contact: Patrick Allender, Executive Vice President and Chief Financial
Officer of Danaher Corporation, 202-828-0850