Mr. Culp stated, "While the US economic weakness continues and early indications of
European weakness are now visible, we believe our preemptive cost initiatives, coupled with ongoing planned reductions, will allow us to outperform our peer companies in 2001. We are comfortable with analyst earnings per share estimates for 2001, based on the current economic climate, recognizing that the health of the global industrial markets for the balance of the year is difficult to predict."
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 filings.
CONTACT: Patrick Allender, Chief Financial Officer of Danaher
SOURCE: Danaher Corporation