Donaldson: Fiscal 4Q Earnings Snapshot
MINNEAPOLIS (AP) _ Donaldson Co. (DCI) on Thursday reported fiscal fourth-quarter profit of $58 million.
The Minneapolis-based company said it had net income of 45 cents per share. Earnings, adjusted for pretax expenses and restructuring costs, were 61 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share.
The maker of filtration systems posted revenue of $726.9 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $722.8 million.
For the year, the company reported profit of $267.2 million, or $2.05 per share. Revenue was reported as $2.84 billion.
Donaldson expects full-year earnings in the range of $2.05 to $2.21 per share.
Donaldson shares have climbed slightly more than 8% since the beginning of the year. The stock has fallen nearly 7% in the last 12 months.