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Danaher Corporation

Danaher Corporation is an American globally diversified conglomerate with its headquarters in Washington, D.C..

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    Number of employees71,000 (2019)
    Key PeopleSteven M. Rales, Chairman of the Board Mitchell Rales, Chairman of the Executive Committee | Rainer M. Blair, President & CEO | Daniel L. Comas, Executive VP & CFO
    Operating StatusActive
    HeadquartersWashington, D.C., U.S.
    FoundersSteven M. Rales, Mitchell Rales
    Established1969; 52 years ago (as DMG) 1984; 37 years ago (as Danaher)
    Net IncomeDecrease US$2.49 billion (2017)
    Revenue US$22.23 billion (2020)
    Industry/CategoriesHealth Technology, Conglomerate
    ISINUS2358511028
    Traded asDHR

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Summary

Danaher’s proven system drives performance. They are proud to be a Fortune 200 company, and their stock has outperformed the S&P 500 Index by more than 1,200 percent over the past 20 years.

History

The company had its origins as a real estate investment trust (DMG, Inc., founded in 1969 and renamed Diversified Mortgage Investors, Inc. in 1978). But after adopting a new name in 1984, refocusing on manufacturing and being exposed to kaizen, the Japanese business philosophy of continuous improvement, Danaher began to take shape.
In its early days, Danaher consisted of a group of discrete, manufacturing businesses. In the mid-1990s, this fragmented structure was transformed into one built around strategic platforms, each with sustainable competitive advantages in sizeable global markets. Over the next decade the company established leadership in the markets that define it today, beginning with water in 1998 and followed by product identification (2001), diagnostics (2006) and life sciences (2009).
In 2015, Danaher announced that many of its industrial businesses would be spun out to form an independent, publicly traded company, Fortive. The separation supports clear focus on driving meaningful innovation in science and technology, and on continuing to build an unmatched portfolio strategically positioned for growth and impact.

Vision

We are a science and technology innovator committed to helping our customers solve complex challenges, and improving quality of life around the world. A global family of more than 20 operating companies, we drive meaningful innovation in some of today’s most dynamic, growing industries.

Mission

We base our strategic plan on the Voice-of-the-Customer. Robust, repeatable processes yield superior Quality, Delivery, and Cost that satisfy our customers beyond their expectations.

References

https://www.danaher.com/who-we-are/danaher-story https://en.wikipedia.org/wiki/Danaher_Corporation https://www.linkedin.com/company/danaher https://www.marketscreener.com/quote/stock/DANAHER-CORPORATION-12295/news/Danaher-3Q-Profit-Sales-Rise-31590129/