Danaher Corporation announced today that net earnings for the quarter ended June 29, 2007 were $311 million, or $0.96 per diluted share. Included in the second quarter 2007 diluted net earnings per share is approximately $0.02 per share related to the collection of indemnification proceeds related to a litigation matter. Absent this item, and absent the $0.03 per share gain related to the sale of an interest in First Technology PLC and certain tax reserve reductions of approximately $0.15 per share that both occurred in the second quarter of 2006, adjusted diluted net earnings per share increased 17.5% over the comparable second quarter 2006 measure. Attached is a reconciliation of adjusted diluted net earnings per share to diluted net earnings per share calculated according to GAAP, for both the three and six month periods ended June 29, 2007 and the comparable prior year periods.

Sales for the 2007 second quarter were $2.67 billion, 13.5% higher than the $2.35 billion reported for the 2006 second quarter.

Net earnings for the first six months of 2007 were $566 million, or $1.74 per diluted share, compared with $530 million, or $1.65 per diluted share for the first six months of 2006, an increase of 5.5%. Excluding the effect of the three items described in the first paragraph above, adjusted diluted net earnings per share for the first six months of 2007 would have increased 18% over the comparable measure for the first six months of 2006.

Sales for the first six months of 2007 were $5.23 billion compared to $4.49 billion for the first six months of 2006, an increase of 16.5%.

H. Lawrence Culp, Jr., President and Chief Executive Officer, stated, "We are very pleased with our results this quarter. Growth from existing businesses, also known as core revenues, was 4.5% despite the difficult comparisons at our Product Identification and Jacobs Vehicle Systems businesses. The performance we have experienced through the first half of the year gives us confidence in our ability to continue to deliver positive results for the remainder of 2007."

Danaher Corporation is a leading manufacturer of Professional Instrumentation, Medical Technologies, Industrial Technologies, and Tools and Components (http://www.danaher.com/).

Statements in this release that are not strictly historical, including statements regarding expectations for the balance of 2007 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 geographic markets, our ability to identify, consummate and integrate appropriate acquisitions, litigation and other contingent liabilities including intellectual property matters, our compliance with applicable laws and regulations, our ability to achieve projected efficiencies, cost reductions, sales growth and earnings, economic conditions in the end-markets we sell into, commodity costs and surcharges, currency exchange rates, tax audits, 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 2006 Annual Report on Form 10-K and Second Quarter 2007 Quarterly Report on Form 10-Q. 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.

To download a copy of the full earnings report, please go to http://www.danaher.com/.

                           DANAHER CORPORATION
              CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS
                (000's omitted, except per share amounts)
                               (unaudited)

                        Three Months Ended           Six Months Ended
                       June 29,     June 30,       June 29,     June 30,
                         2007         2006           2007         2006

  Sales               $2,671,212   $2,349,764   $5,227,252   $4,493,425

  Operating costs and
   expenses:
    Cost of sales      1,456,178    1,317,653    2,859,816    2,544,625
    Selling, general
     and administrative
     expenses            781,563      666,446    1,559,331    1,286,064
    Other (income)
     expense             (14,335)     (15,617)     (14,335)     (15,617)
    Total operating
     expenses          2,223,406    1,968,482    4,404,812    3,815,072

  Operating profit       447,806      381,282      822,440      678,353
    Interest expense     (24,087)     (17,481)     (51,540)     (27,275)
    Interest income          952        3,995        2,540        5,831
    Earnings before
     income taxes        424,671      367,796      773,440      656,909
    Income taxes         113,517       53,274      207,482      126,668

  Net earnings          $311,154     $314,522     $565,958     $530,241

  Earnings per share:
    Basic                  $1.01        $1.02        $1.83        $1.73
    Diluted                $0.96        $0.98        $1.74        $1.65

  Average common stock
   and common equivalent
   shares outstanding:
    Basic                309,471      307,859      309,570      307,348
    Diluted              327,736      324,003      327,843      324,024


  See the accompanying Notes to Consolidated Condensed Financial Statements.

   A complete copy of Danaher's Form 10-Q financial statements is available
             on the Company's web site (http://www.danaher.com/).



  Danaher Corporation
  Supplemental Reconciliation of Adjusted Diluted Net Earnings Per Share to
   Diluted Net Earnings Per Share
  Three and Six Months Ended June 29, 2007 and June 30, 2006

                          Three Months Ended           Six Month Ended
                       June 29,  June 30,    %    June 29,  June 30,    %
                         2007      2006   Change    2007      2006   Change

  Net earnings per
   GAAP                $311,154  $314,522  -1.0%  $565,958  $530,241   6.5%

    After-tax gain on
     indemnity
     proceeds related
     to litigation
     matter ($12.5
     million pre-tax)    (8,110)      -             (8,110)
    After-tax gain on
     sale of
     securities
     acquired in
     connection with
     an unsuccessful
     acquisition bid
     (First Technology
     - $14 million
     pre-tax)               -      (9,083)                    (9,083)
    Gains from
     reduction in
     income tax
     reserves               -     (48,944)                   (52,166)

  Adjusted Net
   Earnings            $303,044  $256,495  18.0%  $557,848  $468,992  19.0%


  Diluted net earnings
   per share per GAAP     $0.96     $0.98  -2.0%     $1.74     $1.65   5.5%

    After-tax gain on
     indemnity
     proceeds related
     to litigation
     matter ($12.5
     million pre-tax)     (0.02)      -             $(0.02)      -
    After-tax gain on
     sale of
     securities
     acquired in
     connection with
     an unsuccessful
     acquisition bid
     (First Technology
     - $14 million
     pre-tax)               -       (0.03)             -       (0.03)
    Gains from
     reduction in
     income tax
     reserves               -       (0.15)             -       (0.16)
  Adjusted Diluted net
   earnings per share     $0.94     $0.80  17.5%     $1.72     $1.46  18.0%

NOTE: In addition to the results provided in this release in accordance with U.S. Generally Accepted Accounting Principles ("GAAP"), the Company has provided the non-GAAP measure of adjusted diluted net earnings per share (the "non-GAAP measure") which compares diluted net earnings per share for the three months and six months ended June 29, 2007 to diluted net earnings per share for the three months and six months ended June 30, 2006 on a basis which:

  -- In the 2007 period, excludes the gain on indemnity proceeds received in
     connection with a litigation matter; and
  -- In the 2006 period, excludes (1) gains related to a reduction of income
     tax reserves, and (2) gains related to the sale of securities acquired
     in connection with an unsuccessful acquisition bid.

The non-GAAP measure should be considered in addition to, and not as a replacement for or superior to, diluted net earnings per share calculated according to GAAP. Danaher's non-GAAP measure may be defined differently than similar non-GAAP measures that are used by other companies.

Danaher management believes that the non-GAAP measure reflects an additional way of viewing aspects of Danaher's operations that, when viewed with and reconciled to the corresponding GAAP measure, provide a more complete understanding of Danaher's performance compared to previous periods and forecasts, and helps identify underlying trends in Danaher's business. The items that have been excluded from the non-GAAP measure are items that occur with inconsistent frequency and for reasons that may be unrelated to Danaher's commercial performance during the period.

Danaher management references the non-GAAP measure in assessing current performance and making decisions about internal budgets, resource allocation and financial goals for its business units. Danaher management believes that the non-GAAP measure helps investors and others, if they so choose, in understanding and evaluating Danaher's current operating performance and future prospects in the same manner as management does. In addition, Danaher believes that analysts and others in the investment community use the non-GAAP measure to assess Danaher's performance, identify trends in Danaher's performance and provide estimates of future performance.

A general limitation of the non-GAAP measure is that use of the non-GAAP measure (as compared to the related GAAP measure) may reduce comparability with other companies who may calculate similar non-GAAP measures differently. Another limitation of the non-GAAP measure is that it excludes items of income that affect Danaher's operations and that may recur in the course of Danaher's business (though at times and in amounts that may be difficult to predict). Danaher management compensates for these and other limitations of the non-GAAP measure by also considering Danaher's financial results as determined in accordance with GAAP.

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SOURCE: Danaher Corporation