Danaher Corporation

Danaher Corporation

Introduction

Danaher Corporation (or the company) is an international varied technology organization. It styles, produces, and marketplaces modern goods and services to medical, professional, commercial customers and industrial. The company operates in the Asia, Europe and US. It is located in Washington and utilizes 48,200 people.

The organization registered earnings of $13,202.6 million during the financial year finished Dec 2010 (FY2010), an improvement of 18 percent over FY2009. The managing revenue of the organization was $2,143.6 million during FY2010, an improvement of 47.1 percent over FY2009. The net revenue was $1,793 million in FY2010, an improvement of 55.7 percent over FY2009.

Key Financials

(In USD as of 03/30/2012)

Income Statement

Revenue

17,061m

Net Income

2,356m

EPS from Continuing Operations

2.89

EPS - Net Income - Diluted

3.35

Revenue per Share

24.67

Balance Sheet

Total Assets

30,421m

Total Liabilities

12,598m

Shareholders' Equity

17,823m

Total Assets per Share

43.91

Net Assets per Share

25.73

Cash Flows

Cash from Operations

2,835m

Cash from Investing

-5,116m

Cash from Financing

1,726m

Capital Expenditures

404m

Cash Flow per Share

3.97

Discussion

2010 was an outstanding year of execution at Danaher. Aided by the global economic recovery, their team took full advantage of the opportunities for growth to deliver exceptional results, all the while evolving the portfolio toward a more global, higher quality, more scientific and technological set of businesses.

Measuring Success

One of the core tenets of the Danaher Business System (DBS) is "If you don't measure it, you can't improve it." For more than 20 years, DBS has provided the associates the necessary tools to measure performance, as they serve their customers. This results-driven approach to running their business has served them theyll over the long-term with consistently strong financial performance and improvements in every aspect of their business.

A year ago, they reported the good work their team was doing to drive innovation, to expand their customer facing initiatives, to increase their exposure in the fast growing emerging markets and to evolve their portfolio through acquisitions. In 2010, they continued to focus their time in these critical areas with measurable success.

SWOT analysis details

Strengths

Robust brand portfolio

Danaher has a strong brand presence as it sells an array of products under various brand names. The company's water quality business offers goods under various brands, including Hach/Lange, Hach, ChemTreat and Trojan Technologies. Danaher distributes its commercial/retail petroleum goods under brands, including VeederRoot, Gilbarco and Gilbarco Autotank. The company's electronic test products are marketed under a variety of brands including Raytek, Fluke, Amprobe and Fluke Biomedical. Similarly, Danaher provides and distributes its dental goods mainly under the Gendex, Kavo, Pelton & Crane, Ormco, Dexis, Kerr, Total Care, Sybron Endo, Palodex and Pentron brands. The motion products are distributed under brands, including Thomson, Kollmorgen, Portescap and Dover. Also, the goods identification commodities are distributed under the brands Linx and Videojet. The company's pathology diagnostics business products are marketed under the Leica and Surgipath brands.

The company markets its aerospace and defense products under the Sunbank, Securaplane, Pacific Scientific, Kollmorgen Electrooptical, Calzoni, Oeco and Artus brands. Also, the sensors & controls goods are marketed under Hengstler, Dynapar, Iris Power, Gems Sensors, West, Setra, Accu-Sort and Qualitrol. Therefore, strong brand portfolio enables better acceptance of new product launches and leads to premium ...