SlideShare a Scribd company logo
1 of 24
Download to read offline
FOURTH QUARTER 2007 EARNINGS RELEASE
                      JANUARY 24, 2008
FORWARD LOOKING
                                                                  STATEMENTS

Statements in this presentation that are not strictly historical, including statements regarding
events or developments that we believe or anticipate will or may occur in the future, may be
quot;forward-lookingquot; 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, the performance of our distribution and
other channel partners, our ability to achieve projected efficiencies, cost reductions, sales
growth and earnings, economic conditions and regulations 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 Third
Quarter 2007 Quarterly Report on Form 10-Q. These forward-looking statements speak only
as of the date of this presentation and the Company does not assume any obligation or
intend to update any forward-looking statement except as required by law.


                                                                                                     2
FOURTH QUARTER 2007
                                                                    PERFORMANCE SUMMARY

                                                              ADJUSTED EARNINGS PER SHARE *
         EARNINGS PER SHARE *
                                                                    +19%       +19%
                                         $3.72
                                                                                                        $3.83
           $0.99 $0.97
                                 $3.44                                              $1.12       $3.20
                                                                            $0.94




        Q4 06 Q4 07
                                                                          Q4 06 Q4 07
                               2006   2007                                                   2006   2007
* From continuing operations
                                                   Adjusted to Exclude:
                                                               2007:
Q4 07:
                                                               - Gain from indemnity proceeds                      $0.02
- Gain from net reduction in income tax reserves    $0.05
                                                               - Gain from net reduction in income tax reserves    $0.07
- IPR&D and other purchase-accounting charges
                                                               - IPR&D and other purchase-accounting charges related
related to the acquisition of Tektronix             ($0.20)
                                                               to the acquisition of Tektronix                     ($0.20)
Q4 06:
                                                               2006:
- Gain from net reduction in income tax reserves    $0.05
                                                                - Gain on First Technology shares                  $0.03
                                                                - Gain from net reductions in income tax reserves  $0.21     3
FOURTH QUARTER 2007
                                                                 PERFORMANCE SUMMARY

                                               REVENUES* ($M)

                                           +19.5%                 +16.5%
                                                                       $11,026
                                                $3,141        $9,466
                                      $2,625




                                     Q4 06 Q4 07
                                                             2006    2007

                                Core            4.5%            Core           4.5%
                                Acquisition    10.5%            Acquisition    8.5%
                                FX              4.5%            FX             3.5%

“Core” includes acquired businesses from and after the first anniversary of the acquisition, but excludes currency effect

 * From continuing operations                                                                                               4
FOURTH QUARTER 2007
                  PERFORMANCE SUMMARY

    GROSS MARGINS

+130 BPS           +140 BPS

         46.2%
                         45.7%
 44.9%

                 44.3%




Q4 06 Q4 07
                 2006   2007


                                          5
FOURTH QUARTER 2007
                                     PERFORMANCE SUMMARY

          SG & A                                    R&D
                                      +270 BPS            +90 BPS
+60 BPS          +60 BPS

                                               6.9%
                             24.6%
         24.5%
                                                                 5.5%
                    24.0%                                 4.6%
 23.9%                                  4.2%




                                      Q4 06 Q4 07
Q4 06 Q4 07
                                                      2006
                   2006                                      2007
                          2007




                                                                        6
FOURTH QUARTER 2007
                                              PERFORMANCE SUMMARY

       OPERATING PROFIT* ($M)               ADJUSTED OPERATING PROFIT* ($M)
        +5%                        +16%                +21%                     +21%

                                                                                  $1,809
                                   $1,741
                                                              $533
                                                                         $1,500
              $465        $1,500


      $442                                            $442




  Q4 06   Q4 07                                    Q4 06   Q4 07
                          2006   2007                                    2006   2007



                                             Adjusted to exclude $68M of non-cash acquisition related
                                             charges for Tektronix
* From continuing operations                                                                            7
FOURTH QUARTER 2007
                                                         PERFORMANCE SUMMARY

                                   OPERATING MARGINS
                                   -200 BPS   -10 BPS
                                     16.8%

                                                           15.9% 15.8%
                                             14.8%




                                  Q4 06 Q4 07
                                                         2006       2007

                                              Includes Impact of:
                                                                           2006:
Q4 07:                           2007:
                                                                           -Impairment charge on JV      +5 BPS
-Acquisition impact   -260 BPS   -Acquisition impact            -90 BPS
                                                                           -Gain on previously written
-Shandong fire         -10 BPS   -JVS impact                    -10 BPS
                                                                           off receivables               -5 BPS
                                 -Gain on indemnity proceeds    +10 BPS
                                                                           -Costs for acquisition
                                                                           related inventory             +10 BPS
                                                                           -Gain on sale of securities   -15 BPS   8
FOURTH QUARTER 2007
                            PERFORMANCE SUMMARY

NET INTEREST EXPENSE ($M)          TAX RATE
          +20%

                 $30


                                            26.3%
                                    23.4%
          $25




                                  Q4 06 Q4 07
      Q4 06 Q4 07

                                                    9
FOURTH QUARTER 2007
                                                   PERFORMANCE SUMMARY

                                ADJUSTED NET INCOME ($M) *

                                       +22%             +21%

                                                          $1,251

                                                 $1,031
                                          $372

                                $303




                               Q4 06   Q4 07
                                                 2006    2007

* From continuing operations
                                                                           10
FOURTH QUARTER 2007
                                             PERFORMANCE SUMMARY


OPERATING CASH FLOW ($M)*       CAP EX ($M)        FREE CASH FLOW ($M)*
                                      +19%                     +10%
                +11%

                                                                   $1,537
                      $1,699             $162             $1,394
           $1,531
                                 $136




         2006     2007         2006                     2006
                                      2007                      2007




* From continuing operations
                                                                            11
FOURTH QUARTER 2007
                                       PROFESSIONAL INSTRUMENTATION

          REVENUES ($M)                                   OPERATING MARGINS
      +37%                                                 -630 BPS               -140 BPS
                              +22%
                                 $3,538                 22.3%
                                                                                   21.5%
                        $2,906
              $1,098
                                                                                           20.1%
                                                                    16.0%
     $799




                                                        Q4 06 Q4 07
                                                                                2006
  Q4 06 Q4 07                                                                           2007
                       2006    2007                                  Includes Impact of:
                                                  Q4 07:
                                                  -Acquisition impact                                -690 BPS
                                                  2007
Core            5.5%     Core              6.5%
                                                  -Acquisition impact                                -260 BPS
Acquisition    26.5%     Acquisition      12.0%
                                                  -Gain on sale of real estate                         -5 BPS
FX              5.0%     FX                3.5%
                                                  -2006 gain on previously written off receivables    -10 BPS 12
FOURTH QUARTER 2007
        ENVIRONMENTAL


Q4 07 vs. Q4 06
Revenue Growth    22.5%

Breakdown:
Core               5.5%
Acquisition       12.0%
FX                 5.0%

2007 vs. 2006
Revenue Growth    16.5%

Breakdown:
Core              6.0%
Acquisition       7.0%
FX                3.5%


                          13
FOURTH QUARTER 2007
    TEST & MEASUREMENT


Q4 07 vs. Q4 06
Revenue Growth    64.5%

Breakdown:
Core               5.5%
Acquisition       54.0%
FX                 5.0%

2007 vs. 2006
Revenue Growth    31.5%

Breakdown:
Core               8.0%
Acquisition       20.0%
FX                 3.5%


                          14
FOURTH QUARTER 2007
                                                MEDICAL TECHNOLOGIES

              REVENUES ($M)                        OPERATING MARGINS
         +24%               +35%                   +70 BPS                +130 BPS
                                                              15.3%
                               $2,998
                                                                                     13.1%
                                                    14.6%
                                                                         11.8%
                      $2,220
              $866
      $697




                                                   Q4 06 Q4 07
                                                                        2006   2007
   Q4 06 Q4 07
                                                               Includes Impact of:
                     2006   2007
                                            Q4 07:
                                            -Acquisition impact                              -120 BPS
                                            2007
Core          9.5%    Core           8.0%
                                            -Acquisition impact                              -40 BPS
Acquisition   7.5%    Acquisition   22.0%
                                            -2006 impairment charge on JV                    +20 BPS
FX            7.0%    FX             5.0%
                                            -2006 costs for acquisition related inventory    +50 BPS    15
FOURTH QUARTER 2007
MEDICAL TECHNOLOGIES




                       16
FOURTH QUARTER 2007
                                          INDUSTRIAL TECHNOLOGIES
              REVENUES ($M)                        OPERATING MARGINS
                            +5%
          +7%                                         Flat                +120 BPS
                                                                                   16.9%
                                                   16.3% 16.3%
                               $3,153
                                                                           15.7%
                     $2,989
              $812
     $757




                                                 Q4 06 Q4 07
                                                                          2006
  Q4 06                                                                       2007
          Q4 07
                     2006                                    Includes Impact of:
                            2007
                                           Q4 07:
                                           -Acquisition impact                             -20 BPS
                                           2007
                     Core          1.5%
Core          2.5%
                                           -Acquisition impact                             - 10 BPS
                     Acquisition   0.5%
Acquisition   0.5%
                                           -Gain on sale of real estate                      +5 BPS
                     FX            3.0%
FX            4.0%
                                           -Gain on indemnity proceeds                     +40 BPS    17
FOURTH QUARTER 2007
 PRODUCT IDENTIFICATION


Q4 07 vs. Q4 06
Revenue Growth    9.0%

Breakdown:
Core              3.5%
Acquisition       0.5%
FX                5.0%

2007 vs. 2006
Revenue Growth    3.5%

Breakdown:
Core              (1.0%)
Acquisition        1.0%
FX                 3.5%


                           18
FOURTH QUARTER 2007
              MOTION


Q4 07 vs. Q4 06
Revenue Growth    5.5%

Breakdown:
Core              0.5%
FX                5.0%

2007 vs. 2006
Revenue Growth    2.5%

Breakdown:
Core              (1.0%)
FX                 3.5%




                           19
FOURTH QUARTER 2007
                                                                    TOOLS & COMPONENTS
                REVENUES ($M)                                      OPERATING MARGINS
                                                                  -290 BPS                 -130 BPS
               -2%                    -1%
                                                                   14.7%
                                                                                            14.4%
                               $1,351
           $372                           $1,337
                                                                                                    13.1%
                    $365
                                                                              11.8%




                                                                  Q4 06 Q4 07
                                                                                         2006 2007
                                                                                   Includes Impact of:
                                                                  Q4 07:
        Q4 06 Q4 07
                                                                  - Shandong fire                        -75 BPS
                               2006    2007                       - JVS impact                           -65 BPS
                                                                  - 2006 divestiture impact              +65 BPS
                                                                  2007
                                                                  - Shandong fire                        -20 BPS
Core                     (1.5%) Core                     (0.5%)
                                                                  - 2006 divestiture impact              +30 BPS
Product line divestiture (1.0%) Product line divestiture (1.0%)
                                                                  - JVS impact                           -85 BPS
FX                        0.5% FX                         0.5%
                                                                  - Gain on sale of real estate          -5 BPS    20
FOURTH QUARTER 2007
MECHANICS’ HAND TOOLS


  Q4 07 vs. Q4 06
  Revenue Decline   (1.5%)

  Breakdown:
  Core              (2.0%)
  FX                 0.5%

  2007 vs. 2006
  Revenue Growth     1.0%

  Breakdown:
  Core              0.5%
  FX                0.5%



                             21
2008 OUTLOOK




Guidance



                          22
2008 OUTLOOK




Q&A



                     23
24

More Related Content

What's hot

3Q 06 Earnings Slides
3Q 06 Earnings Slides3Q 06 Earnings Slides
3Q 06 Earnings Slidesfinance22
 
public serviceenterprise group 2Q2007Slides
public serviceenterprise group 2Q2007Slidespublic serviceenterprise group 2Q2007Slides
public serviceenterprise group 2Q2007Slidesfinance20
 
public serviceenterprise group 3Q 2007 slides3
public serviceenterprise group 3Q 2007 slides3public serviceenterprise group 3Q 2007 slides3
public serviceenterprise group 3Q 2007 slides3finance20
 
danaher 08_2Q_Preso
danaher 08_2Q_Presodanaher 08_2Q_Preso
danaher 08_2Q_Presofinance24
 
public serviceenterprise group 4Q_2007_Webcast_Slides_FINAL
public serviceenterprise group 4Q_2007_Webcast_Slides_FINALpublic serviceenterprise group 4Q_2007_Webcast_Slides_FINAL
public serviceenterprise group 4Q_2007_Webcast_Slides_FINALfinance20
 
Honeywell Q4 2007 Earnings Conference Call Presentation
Honeywell Q4 2007 Earnings Conference Call PresentationHoneywell Q4 2007 Earnings Conference Call Presentation
Honeywell Q4 2007 Earnings Conference Call Presentationfinance8
 
Monsanto Q4 2007 Financial Results
Monsanto Q4 2007 Financial ResultsMonsanto Q4 2007 Financial Results
Monsanto Q4 2007 Financial Resultsearningsreport
 
danaher 06_4Q_Preso
danaher 06_4Q_Presodanaher 06_4Q_Preso
danaher 06_4Q_Presofinance24
 
goodrich 4Q07Slides
goodrich  4Q07Slidesgoodrich  4Q07Slides
goodrich 4Q07Slidesfinance44
 

What's hot (13)

3Q 06 Earnings Slides
3Q 06 Earnings Slides3Q 06 Earnings Slides
3Q 06 Earnings Slides
 
public serviceenterprise group 2Q2007Slides
public serviceenterprise group 2Q2007Slidespublic serviceenterprise group 2Q2007Slides
public serviceenterprise group 2Q2007Slides
 
public serviceenterprise group 3Q 2007 slides3
public serviceenterprise group 3Q 2007 slides3public serviceenterprise group 3Q 2007 slides3
public serviceenterprise group 3Q 2007 slides3
 
danaher 08_2Q_Preso
danaher 08_2Q_Presodanaher 08_2Q_Preso
danaher 08_2Q_Preso
 
public serviceenterprise group 4Q_2007_Webcast_Slides_FINAL
public serviceenterprise group 4Q_2007_Webcast_Slides_FINALpublic serviceenterprise group 4Q_2007_Webcast_Slides_FINAL
public serviceenterprise group 4Q_2007_Webcast_Slides_FINAL
 
ford 2007 Q3 Financial Result
ford 2007 Q3 Financial Resultford 2007 Q3 Financial Result
ford 2007 Q3 Financial Result
 
Q1 2009 Earning Report of Raytheon Co.
Q1 2009 Earning Report of Raytheon Co.Q1 2009 Earning Report of Raytheon Co.
Q1 2009 Earning Report of Raytheon Co.
 
Honeywell Q4 2007 Earnings Conference Call Presentation
Honeywell Q4 2007 Earnings Conference Call PresentationHoneywell Q4 2007 Earnings Conference Call Presentation
Honeywell Q4 2007 Earnings Conference Call Presentation
 
Apimec - 2007 Results
Apimec - 2007 ResultsApimec - 2007 Results
Apimec - 2007 Results
 
Monsanto Q4 2007 Financial Results
Monsanto Q4 2007 Financial ResultsMonsanto Q4 2007 Financial Results
Monsanto Q4 2007 Financial Results
 
danaher 06_4Q_Preso
danaher 06_4Q_Presodanaher 06_4Q_Preso
danaher 06_4Q_Preso
 
2007 Results
2007 Results2007 Results
2007 Results
 
goodrich 4Q07Slides
goodrich  4Q07Slidesgoodrich  4Q07Slides
goodrich 4Q07Slides
 

Viewers also liked

danaher 02-3qrel
danaher 02-3qreldanaher 02-3qrel
danaher 02-3qrelfinance24
 
eastman kodak Q2/08 EASTMAN KODAK CO10Q
eastman kodak Q2/08 EASTMAN KODAK CO10Qeastman kodak Q2/08 EASTMAN KODAK CO10Q
eastman kodak Q2/08 EASTMAN KODAK CO10Qfinance24
 
eastman kodak 2q 07mda
eastman kodak 2q 07mdaeastman kodak 2q 07mda
eastman kodak 2q 07mdafinance24
 
eastman kodak 11/01 3Q 07 SE
eastman kodak 11/01 3Q 07 SEeastman kodak 11/01 3Q 07 SE
eastman kodak 11/01 3Q 07 SEfinance24
 
eastman kodak 2q 06 mda
eastman kodak 2q 06 mdaeastman kodak 2q 06 mda
eastman kodak 2q 06 mdafinance24
 
GNW Q1-08%20QFS
GNW Q1-08%20QFSGNW Q1-08%20QFS
GNW Q1-08%20QFSfinance24
 
eastman kodakTranscript_2009 01/29
eastman kodakTranscript_2009 01/29eastman kodakTranscript_2009 01/29
eastman kodakTranscript_2009 01/29finance24
 
danaher 06-2Q-REL
danaher 06-2Q-RELdanaher 06-2Q-REL
danaher 06-2Q-RELfinance24
 
GNW 2004 A Rir
GNW 2004 A RirGNW 2004 A Rir
GNW 2004 A Rirfinance24
 
eastman kodak 3q 06release
eastman kodak 3q 06releaseeastman kodak 3q 06release
eastman kodak 3q 06releasefinance24
 
entergy 2007 final IG
entergy 2007 final IGentergy 2007 final IG
entergy 2007 final IGfinance24
 
eastman kodak 1Q 07 SE Transcript
eastman kodak 1Q 07 SE Transcripteastman kodak 1Q 07 SE Transcript
eastman kodak 1Q 07 SE Transcriptfinance24
 
GNW Q2-07_Financial_Supplement
GNW Q2-07_Financial_SupplementGNW Q2-07_Financial_Supplement
GNW Q2-07_Financial_Supplementfinance24
 
eastman kodak 1Q 08_Transcript
eastman kodak 1Q 08_Transcripteastman kodak 1Q 08_Transcript
eastman kodak 1Q 08_Transcriptfinance24
 
eastman kodak 1q 06 transcript
eastman kodak 1q 06 transcripteastman kodak 1q 06 transcript
eastman kodak 1q 06 transcriptfinance24
 
entergy 2006 AR FINAL
 	 entergy  2006 AR FINAL 	 entergy  2006 AR FINAL
entergy 2006 AR FINALfinance24
 
dish network 2007 Notice and Proxy Statement
dish network  2007 Notice and Proxy Statementdish network  2007 Notice and Proxy Statement
dish network 2007 Notice and Proxy Statementfinance24
 
danaher 01-4qrel
danaher 01-4qreldanaher 01-4qrel
danaher 01-4qrelfinance24
 
GNW%20Q308%20QFS
GNW%20Q308%20QFSGNW%20Q308%20QFS
GNW%20Q308%20QFSfinance24
 

Viewers also liked (19)

danaher 02-3qrel
danaher 02-3qreldanaher 02-3qrel
danaher 02-3qrel
 
eastman kodak Q2/08 EASTMAN KODAK CO10Q
eastman kodak Q2/08 EASTMAN KODAK CO10Qeastman kodak Q2/08 EASTMAN KODAK CO10Q
eastman kodak Q2/08 EASTMAN KODAK CO10Q
 
eastman kodak 2q 07mda
eastman kodak 2q 07mdaeastman kodak 2q 07mda
eastman kodak 2q 07mda
 
eastman kodak 11/01 3Q 07 SE
eastman kodak 11/01 3Q 07 SEeastman kodak 11/01 3Q 07 SE
eastman kodak 11/01 3Q 07 SE
 
eastman kodak 2q 06 mda
eastman kodak 2q 06 mdaeastman kodak 2q 06 mda
eastman kodak 2q 06 mda
 
GNW Q1-08%20QFS
GNW Q1-08%20QFSGNW Q1-08%20QFS
GNW Q1-08%20QFS
 
eastman kodakTranscript_2009 01/29
eastman kodakTranscript_2009 01/29eastman kodakTranscript_2009 01/29
eastman kodakTranscript_2009 01/29
 
danaher 06-2Q-REL
danaher 06-2Q-RELdanaher 06-2Q-REL
danaher 06-2Q-REL
 
GNW 2004 A Rir
GNW 2004 A RirGNW 2004 A Rir
GNW 2004 A Rir
 
eastman kodak 3q 06release
eastman kodak 3q 06releaseeastman kodak 3q 06release
eastman kodak 3q 06release
 
entergy 2007 final IG
entergy 2007 final IGentergy 2007 final IG
entergy 2007 final IG
 
eastman kodak 1Q 07 SE Transcript
eastman kodak 1Q 07 SE Transcripteastman kodak 1Q 07 SE Transcript
eastman kodak 1Q 07 SE Transcript
 
GNW Q2-07_Financial_Supplement
GNW Q2-07_Financial_SupplementGNW Q2-07_Financial_Supplement
GNW Q2-07_Financial_Supplement
 
eastman kodak 1Q 08_Transcript
eastman kodak 1Q 08_Transcripteastman kodak 1Q 08_Transcript
eastman kodak 1Q 08_Transcript
 
eastman kodak 1q 06 transcript
eastman kodak 1q 06 transcripteastman kodak 1q 06 transcript
eastman kodak 1q 06 transcript
 
entergy 2006 AR FINAL
 	 entergy  2006 AR FINAL 	 entergy  2006 AR FINAL
entergy 2006 AR FINAL
 
dish network 2007 Notice and Proxy Statement
dish network  2007 Notice and Proxy Statementdish network  2007 Notice and Proxy Statement
dish network 2007 Notice and Proxy Statement
 
danaher 01-4qrel
danaher 01-4qreldanaher 01-4qrel
danaher 01-4qrel
 
GNW%20Q308%20QFS
GNW%20Q308%20QFSGNW%20Q308%20QFS
GNW%20Q308%20QFS
 

Similar to danaher 07_4Q_Preso

goodrich 1Q07Slides
goodrich  1Q07Slidesgoodrich  1Q07Slides
goodrich 1Q07Slidesfinance44
 
goodrich 3Q07Slides
goodrich  3Q07Slidesgoodrich  3Q07Slides
goodrich 3Q07Slidesfinance44
 
raytheon Q4 Earnings Presentation
raytheon Q4 Earnings Presentationraytheon Q4 Earnings Presentation
raytheon Q4 Earnings Presentationfinance12
 
goodrich 4Q07Slides
goodrich  4Q07Slidesgoodrich  4Q07Slides
goodrich 4Q07Slidesfinance44
 
Honeywell Q4 2006 Earnings Conference Call Presentation
Honeywell Q4 2006 Earnings Conference Call PresentationHoneywell Q4 2006 Earnings Conference Call Presentation
Honeywell Q4 2006 Earnings Conference Call Presentationfinance8
 
danaher 08_1Q_Preso
danaher 08_1Q_Presodanaher 08_1Q_Preso
danaher 08_1Q_Presofinance24
 
goodrich 4Q06_Slides
goodrich  4Q06_Slidesgoodrich  4Q06_Slides
goodrich 4Q06_Slidesfinance44
 
goodrich 4Q06_Slides
goodrich  4Q06_Slidesgoodrich  4Q06_Slides
goodrich 4Q06_Slidesfinance44
 
goodrich 1Q08slides
goodrich  1Q08slidesgoodrich  1Q08slides
goodrich 1Q08slidesfinance44
 
goodrich 1Q08slides
goodrich  1Q08slidesgoodrich  1Q08slides
goodrich 1Q08slidesfinance44
 
PMorgan Basics & Industrials Conference
PMorgan Basics & Industrials ConferencePMorgan Basics & Industrials Conference
PMorgan Basics & Industrials Conferencefinance10
 
danaher 06-3Q-Preso
danaher 06-3Q-Presodanaher 06-3Q-Preso
danaher 06-3Q-Presofinance24
 
LEAR Q407earningsfinal
LEAR Q407earningsfinalLEAR Q407earningsfinal
LEAR Q407earningsfinalfinance16
 
danaher 08_3Q_Preso
danaher 08_3Q_Presodanaher 08_3Q_Preso
danaher 08_3Q_Presofinance24
 
goodrich 2Q08_Slides
goodrich  2Q08_Slidesgoodrich  2Q08_Slides
goodrich 2Q08_Slidesfinance44
 
goodrich 2Q08_Slides
goodrich  2Q08_Slidesgoodrich  2Q08_Slides
goodrich 2Q08_Slidesfinance44
 
LEAR Q 106 earnings
LEAR Q 106 earningsLEAR Q 106 earnings
LEAR Q 106 earningsfinance16
 
shaw group 8C04E297-E3DD-4F1E-8BB2-56C5BB51CEDA_SGR_AnnualShareholdersMeeting...
shaw group 8C04E297-E3DD-4F1E-8BB2-56C5BB51CEDA_SGR_AnnualShareholdersMeeting...shaw group 8C04E297-E3DD-4F1E-8BB2-56C5BB51CEDA_SGR_AnnualShareholdersMeeting...
shaw group 8C04E297-E3DD-4F1E-8BB2-56C5BB51CEDA_SGR_AnnualShareholdersMeeting...finance36
 
shaw group 8C04E297-E3DD-4F1E-8BB2-56C5BB51CEDA_SGR_AnnualShareholdersMeeting...
shaw group 8C04E297-E3DD-4F1E-8BB2-56C5BB51CEDA_SGR_AnnualShareholdersMeeting...shaw group 8C04E297-E3DD-4F1E-8BB2-56C5BB51CEDA_SGR_AnnualShareholdersMeeting...
shaw group 8C04E297-E3DD-4F1E-8BB2-56C5BB51CEDA_SGR_AnnualShareholdersMeeting...finance36
 
Raytheon Reports 2007 Third Quarter Results
Raytheon Reports 2007 Third Quarter ResultsRaytheon Reports 2007 Third Quarter Results
Raytheon Reports 2007 Third Quarter Resultsfinance12
 

Similar to danaher 07_4Q_Preso (20)

goodrich 1Q07Slides
goodrich  1Q07Slidesgoodrich  1Q07Slides
goodrich 1Q07Slides
 
goodrich 3Q07Slides
goodrich  3Q07Slidesgoodrich  3Q07Slides
goodrich 3Q07Slides
 
raytheon Q4 Earnings Presentation
raytheon Q4 Earnings Presentationraytheon Q4 Earnings Presentation
raytheon Q4 Earnings Presentation
 
goodrich 4Q07Slides
goodrich  4Q07Slidesgoodrich  4Q07Slides
goodrich 4Q07Slides
 
Honeywell Q4 2006 Earnings Conference Call Presentation
Honeywell Q4 2006 Earnings Conference Call PresentationHoneywell Q4 2006 Earnings Conference Call Presentation
Honeywell Q4 2006 Earnings Conference Call Presentation
 
danaher 08_1Q_Preso
danaher 08_1Q_Presodanaher 08_1Q_Preso
danaher 08_1Q_Preso
 
goodrich 4Q06_Slides
goodrich  4Q06_Slidesgoodrich  4Q06_Slides
goodrich 4Q06_Slides
 
goodrich 4Q06_Slides
goodrich  4Q06_Slidesgoodrich  4Q06_Slides
goodrich 4Q06_Slides
 
goodrich 1Q08slides
goodrich  1Q08slidesgoodrich  1Q08slides
goodrich 1Q08slides
 
goodrich 1Q08slides
goodrich  1Q08slidesgoodrich  1Q08slides
goodrich 1Q08slides
 
PMorgan Basics & Industrials Conference
PMorgan Basics & Industrials ConferencePMorgan Basics & Industrials Conference
PMorgan Basics & Industrials Conference
 
danaher 06-3Q-Preso
danaher 06-3Q-Presodanaher 06-3Q-Preso
danaher 06-3Q-Preso
 
LEAR Q407earningsfinal
LEAR Q407earningsfinalLEAR Q407earningsfinal
LEAR Q407earningsfinal
 
danaher 08_3Q_Preso
danaher 08_3Q_Presodanaher 08_3Q_Preso
danaher 08_3Q_Preso
 
goodrich 2Q08_Slides
goodrich  2Q08_Slidesgoodrich  2Q08_Slides
goodrich 2Q08_Slides
 
goodrich 2Q08_Slides
goodrich  2Q08_Slidesgoodrich  2Q08_Slides
goodrich 2Q08_Slides
 
LEAR Q 106 earnings
LEAR Q 106 earningsLEAR Q 106 earnings
LEAR Q 106 earnings
 
shaw group 8C04E297-E3DD-4F1E-8BB2-56C5BB51CEDA_SGR_AnnualShareholdersMeeting...
shaw group 8C04E297-E3DD-4F1E-8BB2-56C5BB51CEDA_SGR_AnnualShareholdersMeeting...shaw group 8C04E297-E3DD-4F1E-8BB2-56C5BB51CEDA_SGR_AnnualShareholdersMeeting...
shaw group 8C04E297-E3DD-4F1E-8BB2-56C5BB51CEDA_SGR_AnnualShareholdersMeeting...
 
shaw group 8C04E297-E3DD-4F1E-8BB2-56C5BB51CEDA_SGR_AnnualShareholdersMeeting...
shaw group 8C04E297-E3DD-4F1E-8BB2-56C5BB51CEDA_SGR_AnnualShareholdersMeeting...shaw group 8C04E297-E3DD-4F1E-8BB2-56C5BB51CEDA_SGR_AnnualShareholdersMeeting...
shaw group 8C04E297-E3DD-4F1E-8BB2-56C5BB51CEDA_SGR_AnnualShareholdersMeeting...
 
Raytheon Reports 2007 Third Quarter Results
Raytheon Reports 2007 Third Quarter ResultsRaytheon Reports 2007 Third Quarter Results
Raytheon Reports 2007 Third Quarter Results
 

More from finance24

dish network annual reports 1999
dish network annual reports 1999dish network annual reports 1999
dish network annual reports 1999finance24
 
dish network annual reports 2000
dish network annual reports 2000dish network annual reports 2000
dish network annual reports 2000finance24
 
dish network annual reports 2001
dish network annual reports 2001dish network annual reports 2001
dish network annual reports 2001finance24
 
dish network annual reports 2002
dish network annual reports 2002dish network annual reports 2002
dish network annual reports 2002finance24
 
dish network annual reports 2003
dish network annual reports 2003dish network annual reports 2003
dish network annual reports 2003finance24
 
dish network annual reports 2004
dish network annual reports 2004dish network annual reports 2004
dish network annual reports 2004finance24
 
dish network annual reports 2005
dish network annual reports 2005dish network annual reports 2005
dish network annual reports 2005finance24
 
danaher 01-4qsupp
danaher 01-4qsuppdanaher 01-4qsupp
danaher 01-4qsuppfinance24
 
danaher 01-3qrel
danaher 01-3qreldanaher 01-3qrel
danaher 01-3qrelfinance24
 
danaher 01-2qrel
danaher 01-2qreldanaher 01-2qrel
danaher 01-2qrelfinance24
 
danaher 01-1qrel
danaher 01-1qreldanaher 01-1qrel
danaher 01-1qrelfinance24
 
danaher 02-4qrel
danaher 02-4qreldanaher 02-4qrel
danaher 02-4qrelfinance24
 
danaher 02-2qrel
danaher 02-2qreldanaher 02-2qrel
danaher 02-2qrelfinance24
 
danaher 02-1qrel
danaher 02-1qreldanaher 02-1qrel
danaher 02-1qrelfinance24
 
danaher 03-4Qsupp
danaher 03-4Qsuppdanaher 03-4Qsupp
danaher 03-4Qsuppfinance24
 
danaher 03-4QREL
danaher 03-4QRELdanaher 03-4QREL
danaher 03-4QRELfinance24
 
danaher 03-3Qsupp
danaher 03-3Qsuppdanaher 03-3Qsupp
danaher 03-3Qsuppfinance24
 
danaher 03-3QREL
danaher 03-3QRELdanaher 03-3QREL
danaher 03-3QRELfinance24
 
danaher 03-2Qsupp
danaher 03-2Qsuppdanaher 03-2Qsupp
danaher 03-2Qsuppfinance24
 
danaher 03-2QREL
danaher 03-2QRELdanaher 03-2QREL
danaher 03-2QRELfinance24
 

More from finance24 (20)

dish network annual reports 1999
dish network annual reports 1999dish network annual reports 1999
dish network annual reports 1999
 
dish network annual reports 2000
dish network annual reports 2000dish network annual reports 2000
dish network annual reports 2000
 
dish network annual reports 2001
dish network annual reports 2001dish network annual reports 2001
dish network annual reports 2001
 
dish network annual reports 2002
dish network annual reports 2002dish network annual reports 2002
dish network annual reports 2002
 
dish network annual reports 2003
dish network annual reports 2003dish network annual reports 2003
dish network annual reports 2003
 
dish network annual reports 2004
dish network annual reports 2004dish network annual reports 2004
dish network annual reports 2004
 
dish network annual reports 2005
dish network annual reports 2005dish network annual reports 2005
dish network annual reports 2005
 
danaher 01-4qsupp
danaher 01-4qsuppdanaher 01-4qsupp
danaher 01-4qsupp
 
danaher 01-3qrel
danaher 01-3qreldanaher 01-3qrel
danaher 01-3qrel
 
danaher 01-2qrel
danaher 01-2qreldanaher 01-2qrel
danaher 01-2qrel
 
danaher 01-1qrel
danaher 01-1qreldanaher 01-1qrel
danaher 01-1qrel
 
danaher 02-4qrel
danaher 02-4qreldanaher 02-4qrel
danaher 02-4qrel
 
danaher 02-2qrel
danaher 02-2qreldanaher 02-2qrel
danaher 02-2qrel
 
danaher 02-1qrel
danaher 02-1qreldanaher 02-1qrel
danaher 02-1qrel
 
danaher 03-4Qsupp
danaher 03-4Qsuppdanaher 03-4Qsupp
danaher 03-4Qsupp
 
danaher 03-4QREL
danaher 03-4QRELdanaher 03-4QREL
danaher 03-4QREL
 
danaher 03-3Qsupp
danaher 03-3Qsuppdanaher 03-3Qsupp
danaher 03-3Qsupp
 
danaher 03-3QREL
danaher 03-3QRELdanaher 03-3QREL
danaher 03-3QREL
 
danaher 03-2Qsupp
danaher 03-2Qsuppdanaher 03-2Qsupp
danaher 03-2Qsupp
 
danaher 03-2QREL
danaher 03-2QRELdanaher 03-2QREL
danaher 03-2QREL
 

Recently uploaded

abortion pills in Riyadh Saudi Arabia (+919707899604)cytotec pills in dammam
abortion pills in Riyadh Saudi Arabia (+919707899604)cytotec pills in dammamabortion pills in Riyadh Saudi Arabia (+919707899604)cytotec pills in dammam
abortion pills in Riyadh Saudi Arabia (+919707899604)cytotec pills in dammamsamsungultra782445
 
Female Escorts Service in Hyderabad Starting with 5000/- for Savita Escorts S...
Female Escorts Service in Hyderabad Starting with 5000/- for Savita Escorts S...Female Escorts Service in Hyderabad Starting with 5000/- for Savita Escorts S...
Female Escorts Service in Hyderabad Starting with 5000/- for Savita Escorts S...kajalverma014
 
Toronto dominion bank investor presentation.pdf
Toronto dominion bank investor presentation.pdfToronto dominion bank investor presentation.pdf
Toronto dominion bank investor presentation.pdfJinJiang6
 
QATAR Pills for Abortion -+971*55*85*39*980-in Dubai. Abu Dhabi.
QATAR Pills for Abortion -+971*55*85*39*980-in Dubai. Abu Dhabi.QATAR Pills for Abortion -+971*55*85*39*980-in Dubai. Abu Dhabi.
QATAR Pills for Abortion -+971*55*85*39*980-in Dubai. Abu Dhabi.hyt3577
 
Black magic specialist in Canada (Kala ilam specialist in UK) Bangali Amil ba...
Black magic specialist in Canada (Kala ilam specialist in UK) Bangali Amil ba...Black magic specialist in Canada (Kala ilam specialist in UK) Bangali Amil ba...
Black magic specialist in Canada (Kala ilam specialist in UK) Bangali Amil ba...batoole333
 
Pension dashboards forum 1 May 2024 (1).pdf
Pension dashboards forum 1 May 2024 (1).pdfPension dashboards forum 1 May 2024 (1).pdf
Pension dashboards forum 1 May 2024 (1).pdfHenry Tapper
 
Avoidable Errors in Payroll Compliance for Payroll Services Providers - Globu...
Avoidable Errors in Payroll Compliance for Payroll Services Providers - Globu...Avoidable Errors in Payroll Compliance for Payroll Services Providers - Globu...
Avoidable Errors in Payroll Compliance for Payroll Services Providers - Globu...globusfinanza
 
Mahendragarh Escorts 🥰 8617370543 Call Girls Offer VIP Hot Girls
Mahendragarh Escorts 🥰 8617370543 Call Girls Offer VIP Hot GirlsMahendragarh Escorts 🥰 8617370543 Call Girls Offer VIP Hot Girls
Mahendragarh Escorts 🥰 8617370543 Call Girls Offer VIP Hot GirlsDeepika Singh
 
Shrambal_Distributors_Newsletter_May-2024.pdf
Shrambal_Distributors_Newsletter_May-2024.pdfShrambal_Distributors_Newsletter_May-2024.pdf
Shrambal_Distributors_Newsletter_May-2024.pdfvikashdidwania1
 
+971565801893>>SAFE ORIGINAL ABORTION PILLS FOR SALE IN DUBAI,RAK CITY,ABUDHA...
+971565801893>>SAFE ORIGINAL ABORTION PILLS FOR SALE IN DUBAI,RAK CITY,ABUDHA...+971565801893>>SAFE ORIGINAL ABORTION PILLS FOR SALE IN DUBAI,RAK CITY,ABUDHA...
+971565801893>>SAFE ORIGINAL ABORTION PILLS FOR SALE IN DUBAI,RAK CITY,ABUDHA...Health
 
20240419-SMC-submission-Annual-Superannuation-Performance-Test-–-design-optio...
20240419-SMC-submission-Annual-Superannuation-Performance-Test-–-design-optio...20240419-SMC-submission-Annual-Superannuation-Performance-Test-–-design-optio...
20240419-SMC-submission-Annual-Superannuation-Performance-Test-–-design-optio...Henry Tapper
 
劳伦森大学毕业证
劳伦森大学毕业证劳伦森大学毕业证
劳伦森大学毕业证yyawb
 
Dubai Call Girls Deira O525547819 Dubai Call Girls Bur Dubai Multiple
Dubai Call Girls Deira O525547819 Dubai Call Girls Bur Dubai MultipleDubai Call Girls Deira O525547819 Dubai Call Girls Bur Dubai Multiple
Dubai Call Girls Deira O525547819 Dubai Call Girls Bur Dubai Multiplekojalpk89
 
Certified Kala Jadu, Black magic specialist in Rawalpindi and Bangali Amil ba...
Certified Kala Jadu, Black magic specialist in Rawalpindi and Bangali Amil ba...Certified Kala Jadu, Black magic specialist in Rawalpindi and Bangali Amil ba...
Certified Kala Jadu, Black magic specialist in Rawalpindi and Bangali Amil ba...batoole333
 
Stock Market Brief Deck (Under Pressure).pdf
Stock Market Brief Deck (Under Pressure).pdfStock Market Brief Deck (Under Pressure).pdf
Stock Market Brief Deck (Under Pressure).pdfMichael Silva
 
FE Credit and SMBC Acquisition Case Studies
FE Credit and SMBC Acquisition Case StudiesFE Credit and SMBC Acquisition Case Studies
FE Credit and SMBC Acquisition Case StudiesNghiaPham100
 
Strategic Resources May 2024 Corporate Presentation
Strategic Resources May 2024 Corporate PresentationStrategic Resources May 2024 Corporate Presentation
Strategic Resources May 2024 Corporate PresentationAdnet Communications
 
MASTERING FOREX: STRATEGIES FOR SUCCESS.pdf
MASTERING FOREX: STRATEGIES FOR SUCCESS.pdfMASTERING FOREX: STRATEGIES FOR SUCCESS.pdf
MASTERING FOREX: STRATEGIES FOR SUCCESS.pdfCocity Enterprises
 
uk-no 1 kala ilam expert specialist in uk and qatar kala ilam expert speciali...
uk-no 1 kala ilam expert specialist in uk and qatar kala ilam expert speciali...uk-no 1 kala ilam expert specialist in uk and qatar kala ilam expert speciali...
uk-no 1 kala ilam expert specialist in uk and qatar kala ilam expert speciali...batoole333
 
Explore Dual Citizenship in Africa | Citizenship Benefits & Requirements
Explore Dual Citizenship in Africa | Citizenship Benefits & RequirementsExplore Dual Citizenship in Africa | Citizenship Benefits & Requirements
Explore Dual Citizenship in Africa | Citizenship Benefits & Requirementsmarketingkingdomofku
 

Recently uploaded (20)

abortion pills in Riyadh Saudi Arabia (+919707899604)cytotec pills in dammam
abortion pills in Riyadh Saudi Arabia (+919707899604)cytotec pills in dammamabortion pills in Riyadh Saudi Arabia (+919707899604)cytotec pills in dammam
abortion pills in Riyadh Saudi Arabia (+919707899604)cytotec pills in dammam
 
Female Escorts Service in Hyderabad Starting with 5000/- for Savita Escorts S...
Female Escorts Service in Hyderabad Starting with 5000/- for Savita Escorts S...Female Escorts Service in Hyderabad Starting with 5000/- for Savita Escorts S...
Female Escorts Service in Hyderabad Starting with 5000/- for Savita Escorts S...
 
Toronto dominion bank investor presentation.pdf
Toronto dominion bank investor presentation.pdfToronto dominion bank investor presentation.pdf
Toronto dominion bank investor presentation.pdf
 
QATAR Pills for Abortion -+971*55*85*39*980-in Dubai. Abu Dhabi.
QATAR Pills for Abortion -+971*55*85*39*980-in Dubai. Abu Dhabi.QATAR Pills for Abortion -+971*55*85*39*980-in Dubai. Abu Dhabi.
QATAR Pills for Abortion -+971*55*85*39*980-in Dubai. Abu Dhabi.
 
Black magic specialist in Canada (Kala ilam specialist in UK) Bangali Amil ba...
Black magic specialist in Canada (Kala ilam specialist in UK) Bangali Amil ba...Black magic specialist in Canada (Kala ilam specialist in UK) Bangali Amil ba...
Black magic specialist in Canada (Kala ilam specialist in UK) Bangali Amil ba...
 
Pension dashboards forum 1 May 2024 (1).pdf
Pension dashboards forum 1 May 2024 (1).pdfPension dashboards forum 1 May 2024 (1).pdf
Pension dashboards forum 1 May 2024 (1).pdf
 
Avoidable Errors in Payroll Compliance for Payroll Services Providers - Globu...
Avoidable Errors in Payroll Compliance for Payroll Services Providers - Globu...Avoidable Errors in Payroll Compliance for Payroll Services Providers - Globu...
Avoidable Errors in Payroll Compliance for Payroll Services Providers - Globu...
 
Mahendragarh Escorts 🥰 8617370543 Call Girls Offer VIP Hot Girls
Mahendragarh Escorts 🥰 8617370543 Call Girls Offer VIP Hot GirlsMahendragarh Escorts 🥰 8617370543 Call Girls Offer VIP Hot Girls
Mahendragarh Escorts 🥰 8617370543 Call Girls Offer VIP Hot Girls
 
Shrambal_Distributors_Newsletter_May-2024.pdf
Shrambal_Distributors_Newsletter_May-2024.pdfShrambal_Distributors_Newsletter_May-2024.pdf
Shrambal_Distributors_Newsletter_May-2024.pdf
 
+971565801893>>SAFE ORIGINAL ABORTION PILLS FOR SALE IN DUBAI,RAK CITY,ABUDHA...
+971565801893>>SAFE ORIGINAL ABORTION PILLS FOR SALE IN DUBAI,RAK CITY,ABUDHA...+971565801893>>SAFE ORIGINAL ABORTION PILLS FOR SALE IN DUBAI,RAK CITY,ABUDHA...
+971565801893>>SAFE ORIGINAL ABORTION PILLS FOR SALE IN DUBAI,RAK CITY,ABUDHA...
 
20240419-SMC-submission-Annual-Superannuation-Performance-Test-–-design-optio...
20240419-SMC-submission-Annual-Superannuation-Performance-Test-–-design-optio...20240419-SMC-submission-Annual-Superannuation-Performance-Test-–-design-optio...
20240419-SMC-submission-Annual-Superannuation-Performance-Test-–-design-optio...
 
劳伦森大学毕业证
劳伦森大学毕业证劳伦森大学毕业证
劳伦森大学毕业证
 
Dubai Call Girls Deira O525547819 Dubai Call Girls Bur Dubai Multiple
Dubai Call Girls Deira O525547819 Dubai Call Girls Bur Dubai MultipleDubai Call Girls Deira O525547819 Dubai Call Girls Bur Dubai Multiple
Dubai Call Girls Deira O525547819 Dubai Call Girls Bur Dubai Multiple
 
Certified Kala Jadu, Black magic specialist in Rawalpindi and Bangali Amil ba...
Certified Kala Jadu, Black magic specialist in Rawalpindi and Bangali Amil ba...Certified Kala Jadu, Black magic specialist in Rawalpindi and Bangali Amil ba...
Certified Kala Jadu, Black magic specialist in Rawalpindi and Bangali Amil ba...
 
Stock Market Brief Deck (Under Pressure).pdf
Stock Market Brief Deck (Under Pressure).pdfStock Market Brief Deck (Under Pressure).pdf
Stock Market Brief Deck (Under Pressure).pdf
 
FE Credit and SMBC Acquisition Case Studies
FE Credit and SMBC Acquisition Case StudiesFE Credit and SMBC Acquisition Case Studies
FE Credit and SMBC Acquisition Case Studies
 
Strategic Resources May 2024 Corporate Presentation
Strategic Resources May 2024 Corporate PresentationStrategic Resources May 2024 Corporate Presentation
Strategic Resources May 2024 Corporate Presentation
 
MASTERING FOREX: STRATEGIES FOR SUCCESS.pdf
MASTERING FOREX: STRATEGIES FOR SUCCESS.pdfMASTERING FOREX: STRATEGIES FOR SUCCESS.pdf
MASTERING FOREX: STRATEGIES FOR SUCCESS.pdf
 
uk-no 1 kala ilam expert specialist in uk and qatar kala ilam expert speciali...
uk-no 1 kala ilam expert specialist in uk and qatar kala ilam expert speciali...uk-no 1 kala ilam expert specialist in uk and qatar kala ilam expert speciali...
uk-no 1 kala ilam expert specialist in uk and qatar kala ilam expert speciali...
 
Explore Dual Citizenship in Africa | Citizenship Benefits & Requirements
Explore Dual Citizenship in Africa | Citizenship Benefits & RequirementsExplore Dual Citizenship in Africa | Citizenship Benefits & Requirements
Explore Dual Citizenship in Africa | Citizenship Benefits & Requirements
 

danaher 07_4Q_Preso

  • 1. FOURTH QUARTER 2007 EARNINGS RELEASE JANUARY 24, 2008
  • 2. FORWARD LOOKING STATEMENTS Statements in this presentation that are not strictly historical, including statements regarding events or developments that we believe or anticipate will or may occur in the future, may be quot;forward-lookingquot; 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, the performance of our distribution and other channel partners, our ability to achieve projected efficiencies, cost reductions, sales growth and earnings, economic conditions and regulations 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 Third Quarter 2007 Quarterly Report on Form 10-Q. These forward-looking statements speak only as of the date of this presentation and the Company does not assume any obligation or intend to update any forward-looking statement except as required by law. 2
  • 3. FOURTH QUARTER 2007 PERFORMANCE SUMMARY ADJUSTED EARNINGS PER SHARE * EARNINGS PER SHARE * +19% +19% $3.72 $3.83 $0.99 $0.97 $3.44 $1.12 $3.20 $0.94 Q4 06 Q4 07 Q4 06 Q4 07 2006 2007 2006 2007 * From continuing operations Adjusted to Exclude: 2007: Q4 07: - Gain from indemnity proceeds $0.02 - Gain from net reduction in income tax reserves $0.05 - Gain from net reduction in income tax reserves $0.07 - IPR&D and other purchase-accounting charges - IPR&D and other purchase-accounting charges related related to the acquisition of Tektronix ($0.20) to the acquisition of Tektronix ($0.20) Q4 06: 2006: - Gain from net reduction in income tax reserves $0.05 - Gain on First Technology shares $0.03 - Gain from net reductions in income tax reserves $0.21 3
  • 4. FOURTH QUARTER 2007 PERFORMANCE SUMMARY REVENUES* ($M) +19.5% +16.5% $11,026 $3,141 $9,466 $2,625 Q4 06 Q4 07 2006 2007 Core 4.5% Core 4.5% Acquisition 10.5% Acquisition 8.5% FX 4.5% FX 3.5% “Core” includes acquired businesses from and after the first anniversary of the acquisition, but excludes currency effect * From continuing operations 4
  • 5. FOURTH QUARTER 2007 PERFORMANCE SUMMARY GROSS MARGINS +130 BPS +140 BPS 46.2% 45.7% 44.9% 44.3% Q4 06 Q4 07 2006 2007 5
  • 6. FOURTH QUARTER 2007 PERFORMANCE SUMMARY SG & A R&D +270 BPS +90 BPS +60 BPS +60 BPS 6.9% 24.6% 24.5% 5.5% 24.0% 4.6% 23.9% 4.2% Q4 06 Q4 07 Q4 06 Q4 07 2006 2006 2007 2007 6
  • 7. FOURTH QUARTER 2007 PERFORMANCE SUMMARY OPERATING PROFIT* ($M) ADJUSTED OPERATING PROFIT* ($M) +5% +16% +21% +21% $1,809 $1,741 $533 $1,500 $465 $1,500 $442 $442 Q4 06 Q4 07 Q4 06 Q4 07 2006 2007 2006 2007 Adjusted to exclude $68M of non-cash acquisition related charges for Tektronix * From continuing operations 7
  • 8. FOURTH QUARTER 2007 PERFORMANCE SUMMARY OPERATING MARGINS -200 BPS -10 BPS 16.8% 15.9% 15.8% 14.8% Q4 06 Q4 07 2006 2007 Includes Impact of: 2006: Q4 07: 2007: -Impairment charge on JV +5 BPS -Acquisition impact -260 BPS -Acquisition impact -90 BPS -Gain on previously written -Shandong fire -10 BPS -JVS impact -10 BPS off receivables -5 BPS -Gain on indemnity proceeds +10 BPS -Costs for acquisition related inventory +10 BPS -Gain on sale of securities -15 BPS 8
  • 9. FOURTH QUARTER 2007 PERFORMANCE SUMMARY NET INTEREST EXPENSE ($M) TAX RATE +20% $30 26.3% 23.4% $25 Q4 06 Q4 07 Q4 06 Q4 07 9
  • 10. FOURTH QUARTER 2007 PERFORMANCE SUMMARY ADJUSTED NET INCOME ($M) * +22% +21% $1,251 $1,031 $372 $303 Q4 06 Q4 07 2006 2007 * From continuing operations 10
  • 11. FOURTH QUARTER 2007 PERFORMANCE SUMMARY OPERATING CASH FLOW ($M)* CAP EX ($M) FREE CASH FLOW ($M)* +19% +10% +11% $1,537 $1,699 $162 $1,394 $1,531 $136 2006 2007 2006 2006 2007 2007 * From continuing operations 11
  • 12. FOURTH QUARTER 2007 PROFESSIONAL INSTRUMENTATION REVENUES ($M) OPERATING MARGINS +37% -630 BPS -140 BPS +22% $3,538 22.3% 21.5% $2,906 $1,098 20.1% 16.0% $799 Q4 06 Q4 07 2006 Q4 06 Q4 07 2007 2006 2007 Includes Impact of: Q4 07: -Acquisition impact -690 BPS 2007 Core 5.5% Core 6.5% -Acquisition impact -260 BPS Acquisition 26.5% Acquisition 12.0% -Gain on sale of real estate -5 BPS FX 5.0% FX 3.5% -2006 gain on previously written off receivables -10 BPS 12
  • 13. FOURTH QUARTER 2007 ENVIRONMENTAL Q4 07 vs. Q4 06 Revenue Growth 22.5% Breakdown: Core 5.5% Acquisition 12.0% FX 5.0% 2007 vs. 2006 Revenue Growth 16.5% Breakdown: Core 6.0% Acquisition 7.0% FX 3.5% 13
  • 14. FOURTH QUARTER 2007 TEST & MEASUREMENT Q4 07 vs. Q4 06 Revenue Growth 64.5% Breakdown: Core 5.5% Acquisition 54.0% FX 5.0% 2007 vs. 2006 Revenue Growth 31.5% Breakdown: Core 8.0% Acquisition 20.0% FX 3.5% 14
  • 15. FOURTH QUARTER 2007 MEDICAL TECHNOLOGIES REVENUES ($M) OPERATING MARGINS +24% +35% +70 BPS +130 BPS 15.3% $2,998 13.1% 14.6% 11.8% $2,220 $866 $697 Q4 06 Q4 07 2006 2007 Q4 06 Q4 07 Includes Impact of: 2006 2007 Q4 07: -Acquisition impact -120 BPS 2007 Core 9.5% Core 8.0% -Acquisition impact -40 BPS Acquisition 7.5% Acquisition 22.0% -2006 impairment charge on JV +20 BPS FX 7.0% FX 5.0% -2006 costs for acquisition related inventory +50 BPS 15
  • 16. FOURTH QUARTER 2007 MEDICAL TECHNOLOGIES 16
  • 17. FOURTH QUARTER 2007 INDUSTRIAL TECHNOLOGIES REVENUES ($M) OPERATING MARGINS +5% +7% Flat +120 BPS 16.9% 16.3% 16.3% $3,153 15.7% $2,989 $812 $757 Q4 06 Q4 07 2006 Q4 06 2007 Q4 07 2006 Includes Impact of: 2007 Q4 07: -Acquisition impact -20 BPS 2007 Core 1.5% Core 2.5% -Acquisition impact - 10 BPS Acquisition 0.5% Acquisition 0.5% -Gain on sale of real estate +5 BPS FX 3.0% FX 4.0% -Gain on indemnity proceeds +40 BPS 17
  • 18. FOURTH QUARTER 2007 PRODUCT IDENTIFICATION Q4 07 vs. Q4 06 Revenue Growth 9.0% Breakdown: Core 3.5% Acquisition 0.5% FX 5.0% 2007 vs. 2006 Revenue Growth 3.5% Breakdown: Core (1.0%) Acquisition 1.0% FX 3.5% 18
  • 19. FOURTH QUARTER 2007 MOTION Q4 07 vs. Q4 06 Revenue Growth 5.5% Breakdown: Core 0.5% FX 5.0% 2007 vs. 2006 Revenue Growth 2.5% Breakdown: Core (1.0%) FX 3.5% 19
  • 20. FOURTH QUARTER 2007 TOOLS & COMPONENTS REVENUES ($M) OPERATING MARGINS -290 BPS -130 BPS -2% -1% 14.7% 14.4% $1,351 $372 $1,337 13.1% $365 11.8% Q4 06 Q4 07 2006 2007 Includes Impact of: Q4 07: Q4 06 Q4 07 - Shandong fire -75 BPS 2006 2007 - JVS impact -65 BPS - 2006 divestiture impact +65 BPS 2007 - Shandong fire -20 BPS Core (1.5%) Core (0.5%) - 2006 divestiture impact +30 BPS Product line divestiture (1.0%) Product line divestiture (1.0%) - JVS impact -85 BPS FX 0.5% FX 0.5% - Gain on sale of real estate -5 BPS 20
  • 21. FOURTH QUARTER 2007 MECHANICS’ HAND TOOLS Q4 07 vs. Q4 06 Revenue Decline (1.5%) Breakdown: Core (2.0%) FX 0.5% 2007 vs. 2006 Revenue Growth 1.0% Breakdown: Core 0.5% FX 0.5% 21
  • 24. 24