Danaher 2009 Annual Report Download - page 5

Table of Contents
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Certain information included or incorporated by reference in this Annual Report, in other documents filed with or furnished by us to the SEC, in our press
releases or in our other communications through webcasts, conference calls and other presentations, may be deemed to be “forward-looking statements” within
the meaning of the federal securities laws. All statements other than statements of historical fact are statements that could be deemed forward-looking
statements, including statements regarding: projections of revenue, expenses, profit, profit margins, tax rates, tax provisions, cash flows, pension and benefit
obligations and funding requirements, our liquidity position or other financial measures; management’s plans and strategies for future operations, including
statements relating to anticipated operating performance, cost reductions, restructuring activities (including estimates of the scope, type, timing and cost of
such activities) new product and service developments, competitive strengths, acquisitions and related synergies, divestitures, securities offerings, stock
repurchases and executive compensation; growth, declines and other trends in markets we sell into; general economic conditions; the anticipated impact of
adopting new accounting pronouncements; the anticipated outcome of outstanding claims, legal proceedings, tax audits and other contingent liabilities; foreign
currency exchange rates and fluctuations in those rates; assumptions underlying any of the foregoing; and any other statements that address events or
developments that Danaher intends or believes will or may occur in the future. Forward-looking statements may be characterized by terminology such as
“believe,” “anticipate,” “should,” “would,” “intend,” “plan,” “will,” “expects,” “estimates,” “projects,” “positioned” and similar expressions. These
statements are based on assumptions and assessments made by our management in light of their experience and perceptions of historical trends, current
conditions, expected future developments and other factors they believe to be appropriate. These forward-looking statements are subject to a number of risks
and uncertainties, including but not limited to the risks and uncertainties set forth under “Item 1A. Risk Factors” in this Annual Report.
Any such forward-looking statements are not guarantees of future performance and actual results may differ materially from those envisaged by such forward-
looking statements. Accordingly, you should not place undue reliance on any such forward-looking statements. Forward-looking statements speak only as of
the date of the report, document, press release, webcast, call or other presentation in which they are made. We do not assume any obligation to update or revise
any forward-looking statement, whether as a result of new information, future events and developments or otherwise.
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General
Danaher Corporation (“Danaher,” “Company,” “we,” “us,” “our”) derives its sales from the design, manufacture and marketing of professional, medical,
industrial, commercial and consumer products, which are typically characterized by strong brand names, proprietary technology and major market positions.
Our laboratory, design and develop, manufacturing, sales, distribution, service and administrative facilities are located in more than 40 countries. Our
business consists of four segments: Professional Instrumentation, Medical Technologies, Industrial Technologies, and Tools & Components.
We strive to create shareholder value through:
• delivering sales growth, excluding the impact of acquired businesses, in excess of the overall market growth for our products and services;
• upper quartile financial performance compared to our peer companies; and
• upper quartile cash flow generation from operations compared to our peer companies.
To accomplish these goals, we use a set of tools and processes, known as the DANAHER BUSINESS SYSTEM (“DBS”), which are designed to
continuously improve business performance in the critical areas of quality, delivery, cost and innovation. Within the DBS framework, we pursue a number of
ongoing strategic initiatives relating to idea generation, product development and commercialization and global sourcing of materials and services,
manufacturing improvement and sales and marketing. To further these objectives we also acquire businesses that either strategically fit within our existing
business portfolio or expand our portfolio into a new and attractive business area. We believe
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Source: DANAHER CORP /DE/, 10-K, February 24, 2010 Powered by Morningstar® Document Research℠
The information contained herein may not be copied, adapted or distributed and is not warranted to be accurate, complete or timely. The user assumes all risks for any damages or losses arising from any use of this information,
except to the extent such damages or losses cannot be limited or excluded by applicable law. Past financial performance is no guarantee of future results.