WASHINGTON — Ahead of an institutional investor and analyst meeting to be held in New York, Danaher Corporation (NYSE: DHR) reaffirmed the Company’s fourth quarter 2011 adjusted diluted earnings per share guidance of $0.75 – $0.80. The fourth quarter guidance includes $0.74 – $0.79 of earnings per share from continuing operations and $0.01 of earnings per share from discontinued operations relating to the recently announced pending divestitures of the Company’s Kollmorgen Electro-Optical and Accu-Sort Systems Inc. businesses.

The company anticipates that 2012 GAAP diluted earnings per share from continuing operations will be in the range of $3.20 to $3.35. The 2012 earnings per share guidance assumes core revenue growth from continuing operations of between 2% and 5%.

H. Lawrence Culp, Jr., President and Chief Executive Officer, stated, “We remain mindful that the recent macroeconomic headlines will likely make for a more challenging environment as we go forward. Our focus on capturing market share and accelerating cost actions, coupled with the Danaher Business System, positions us well to drive mid-to-high teens earnings per share growth in 2012.”

Danaher is a science and technology leader that designs, manufactures, and markets innovative products and services to professional, medical, industrial, and commercial customers. Our premier brands are among the most highly recognized in each of the markets we serve. The Danaher Business System provides a foundation to our 59,000 associates around the world, serving customers in more than 125 countries. In 2010, we generated $12.8 billion of revenue. For more information please visit our website: www.danaher.com.

In addition to the financial measures prepared in accordance with generally accepted accounting principles (GAAP), this earnings announcement also contains non-GAAP financial measures. The reasons why we believe these measures provide useful information to investors, a reconciliation of these measures to the most directly comparable GAAP measures and other information relating to these measures are included in the supplemental reconciliation schedule attached.

Danaher Corporation

Reconciliation of GAAP Financial Measures to

Non-GAAP Measures

Forecasted Adjusted

Diluted Net Earnings Per Share Q4 2011

 4th Quarter Ending December 31, 2011 
                            ------------------------------------------------- 
                              Low End of Guidance      High End of Guidance 
                                     Range                     Range 
                            ------------------------  ----------------------- 
 Diluted Net Earnings Per 
  Share (GAAP)                                $ 0.73                   $ 0.78 
  Less: Diluted Net 
   Earnings Per Share from 
   recently Discontinued 
   Operations of Accu-Sort 
   Systems, Inc. and 
   Kollmorgen 
   Electro-Optical                            (0.01)                   (0.01) 
                            ------------------------  ----------------------- 
 Diluted Net Earnings Per 
  Share from Continuing 
  Operations (GAAP) (1)                         0.72                     0.77 
  Add: Fair value 
   adjustments to 
   acquisition related 
   inventory and deferred 
   revenue balances of 
   Beckman Coulter ($17 
   million). (1)                                0.02                     0.02 
                            ------------------------  ----------------------- 
 Adjusted Diluted Net 
  Earnings Per Share from 
  Continuing Operations 
  (Non-GAAP)                                    0.74                     0.79 
  Add: Diluted Net 
   Earnings Per Share from 
   recently Discontinued 
   Operations of Accu-Sort 
   Systems, Inc. and 
   Kollmorgen 
   Electro-Optical                              0.01                     0.01 
                            ------------------------  ----------------------- 
 Adjusted Diluted Net 
  Earnings Per Share 
  (Non-GAAP)                                  $ 0.75                   $ 0.80 
                            ========================  ======================= 
 (1) The GAAP forecasts set forth above reflect fair value adjustments to 
 acquisition-related inventory and deferred revenue balances forecasted for 
 the fourth quarter of 2011 related to the acquisition of Beckman Coulter but 
 do not forecast the amount of any other similar charges or gains that may be 
 recorded over the fourth quarter of 2011 for other acquisitions. 
 Adjusted Diluted Net Earnings Per Share
 We disclose the non-GAAP measures of adjusted diluted net earnings per share (and adjusted diluted net earnings per share from continuing operations), which refers to GAAP diluted net earnings per share (and diluted net earnings per share from continuing operations) excluding the items identified in the reconciliation schedule above. These non-GAAP measure should be considered in addition to, and not as a replacement for or superior to, GAAP diluted net earnings per share or GAAP diluted net earnings per share from continuing operations, and may not be comparable to similarly titled measures reported by other companies.
 Management believes that these measures provide useful information to investors by reflecting additional ways of viewing aspects of Danaher's operations that, when reconciled to the corresponding GAAP measure, helps our investors to better understand the long-term profitability trends of our business, and facilitates easier comparisons of our profitability to prior and future periods and to our peers. The items described above have been excluded from these measures because items of this nature and/or size occur with inconsistent frequency, occur for reasons that may be unrelated to Danaher's commercial performance during the period and/or we believe are not indicative of Danaher's ongoing operating costs or gains in a given period, which we believe may obscure underlying business trends and make comparisons of long-term performance difficult.
 The Company estimates the tax effect of the items identified in the reconciliation schedule above by applying the Company's overall estimated effective tax rate to the pre-tax amount, unless the nature of the item and/or the tax jurisdiction in which the item has been recorded requires application of a specific tax rate or tax treatment, in which case the tax effect of such item is estimated by applying such specific tax rate or tax treatment.
 SOURCE Danaher Corporation