Donaldson Company Reports Third Quarter Earnings
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Donaldson (DCI) Tops Q3 EPS by 8c, Updates Guidance
June 2, 2021 6:14 AM EDTDonaldson (NYSE: DCI) reported Q3 EPS of $0.66, $0.08 better than the analyst estimate of $0.58. Revenue for the quarter came in at $765 million versus the consensus estimate of $707.59 million.
GUIDANCE:
Donaldson sees FY2021 EPS of $2.28-$2.34, versus the consensus of $2.21.
Donaldson is increasing its fiscal 2021 guidance due to strong third quarter fiscal 2021 results, current backlog levels, and incoming order rates. GAAP EPS is expected to be between $2.20 and $2.26, compared with fiscal 2020 GAAP EPS of $2.00. Excluding a negative impact of $0.08 per share related to restructuring activities in the second quarter of 2021,... More