8-KOther EventsExhibits & Filings

DANAHER CORP /DE/ 8-K Report, Corporate Update (Oct 31, 2007)

Filed October 31, 2007For Securities:DHR

Summary

Danaher Corporation (DHR) filed a Form 8-K on October 31, 2007, to report on the reclassification of its power quality business as a discontinued operation. This reclassification follows the previously announced sale of this business to Thomas & Betts Corporation in July 2007. The company is updating its financial statements for fiscal years ending December 31, 2004, 2005, and 2006, to reflect this change. Importantly, Danaher states that these reclassifications had no effect on reported net earnings or earnings per common share. Updated financial information, reflecting this change, was also included in the company's Form 10-Q filing for the quarter ended September 28, 2007.

Key Highlights

  • 1Danaher Corporation has reclassified its power quality business as a discontinued operation following its sale in July 2007.
  • 2The company is updating historical audited consolidated financial statements (2004-2006) to reflect this reclassification.
  • 3The reclassification of the power quality business had no impact on reported net earnings or earnings per common share.
  • 4Updated historical financial information reflecting the discontinued operation was also included in the Q3 2007 Form 10-Q.
  • 5The financial information presented in this 8-K is as of December 31, 2004, 2005, and 2006, and is not updated for subsequent developments.
  • 6The filing includes the Consent of Independent Registered Public Accounting Firm and audited reclassified historical consolidated financial information.

Frequently Asked Questions

Danaher is filing this Form 8-K to update its historical financial statements to reflect the reclassification of its power quality business as a discontinued operation, following the sale of this business earlier in the year.

According to the filing, the reclassification of the power quality business as a discontinued operation had no effect on Danaher's reported net earnings or earnings per common share.

The updated audited consolidated financial information covers the fiscal years ending December 31, 2004, 2005, and 2006. Unaudited information for the quarter ended September 28, 2007, was also previously updated.

The filing includes Exhibit 99.1, which contains audited reclassified historical consolidated financial information for the fiscal years ended December 31, 2004, 2005, and 2006, and Exhibit 23.1, the Consent of Independent Registered Public Accounting Firm.