Donaldson (DCI) Misses Q2 EPS by 4c, Revenues Miss; Lowers EPS Mid-Point Guidance Below Consensus
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Donaldson Company Reports Second Quarter 2019 Earnings
March 6, 2019 7:00 AM EST
Donaldson achieves record second quarter sales and EPS1
Second
quarter 2019 sales increased 5.9 percent from 2018, or 8.6 percent in
constant currency
Donaldsons fiscal 2019 forecast
reflects a year-over-year sales increase of 5 to 9 percent and an
operating margin increase of 0.4 to 0.8 percentage points
MINNEAPOLIS--(BUSINESS WIRE)-- Donaldson Company, Inc. (NYSE: DCI) today reported record second quarter net earnings of $60.1 million, compared with a loss of $52.9 million in 2018. The current- and prior-year periods included tax expense of $0.4 million and $109.7million, respectively, related to the Federal Tax Cuts and Jobs Act... More
