July 22, 2008

Danaher Corp., Washington, D.C., reported sales from continuing operations for the second quarter 2008 were $3.28 billion, an increase of 25% over the same period 2007. Profit increased 18% over second quarter 2007 to $363 million.
 
For the first six months ended June 27, 2008, sales increased to $6.31 billion, 22.5% more than the prior year period. Net earnings from continuing operations were $640 million, an increase of 14.5% over the first six months of 2007.
 
Revenue growth from existing businesses was 5.5% for the quarter.
 
Danaher is a manufacturer of professional instrumentation, medical technologies, industrial technologies, and tools and …

Portland, OR-based Precision Castparts Corp. announced sales in the first quarter ended June 29, 2008, were $1.83 billion, an increase of 11.2% over same period a year ago.
 
Profits improved 22.7% to $274.9 million, compared to $224.1 million a year ago.
 
Results by Segment
Total sales of Investment Cast Products were $597.7 million, a 17.3% increase over last year’s first quarter sales. Growth was propelled by solid aerospace OEM and aftermarket shipments and significant industrial gas turbine (IGT) sales growth.
 
Forged Products’sales improved 5.6% year over year, increasing to $816.5 million in the first quarter of fiscal 2009. Lower selling prices of external alloy sales from the segment’s three primary mills, combined with increased …