Donaldson (DCI) Misses Q2 EPS by 5c; Trims FY16 Outlook
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Donaldson Reports Second Quarter 2016 Earnings
March 1, 2016 7:01 AM ESTGAAP EPS of 28 cents; Adjusted EPS of 29 cents
MINNEAPOLIS--(BUSINESS WIRE)-- Donaldson Company, Inc. (NYSE: DCI) today reported second quarter 2016 net earnings of $38.0 million, or 28 cents per share1. The impact from foreign currency translation reduced net income by $4.9 million, or 10.2 percent. Second quarter 2016 adjusted EPS2 was 29 cents, compared with 36 cents last year3. The tables attached to this press release provide a reconciliation of non-GAAP to GAAP measures.
While market conditions remained stagnant last quarter, we further intensified our focus on operational efficiency and expense management, said Tod Carpenter, president and... More
