The market greeted industrial conglomerate Danaher's (NYSE: DHR )
latest quarterly results with a nice pop on the day of the earnings
release. This was the first set of company earnings presided over by new
CEO Tom Joyce. Naturally, investors were keen to find out
just what kind of message the new chief executive was looking to give
out. His predecessor,Larry Culp, was closely associated with the
company's success over the years, and Joyce has large boots to fill. So,
in that context, we'll look at five key takeaways from the company's
quarterly conference call. Is Joyce taking the company in the right
direction?
Business as usual at Danaher?
In a previous article, Fools looked at the earnings in more detail. The company is known for acquiring businesses and then applying its Danaher Business System, or DBS, to them. Simply put, it's a management strategy that emphasizes lean manufacturing processes that can be applied across all segments of the company. While the current results will still be a product of Culp's management, the question is does Joyce plan to change its business strategy?
DBS Explained Source: Danaher Website
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