Donaldson (DCI) Misses Q4 EPS by 3c

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Donaldson Reports Fourth Quarter and Full-Year 2016 Earnings

September 8, 2016 7:00 AM EDT

Full-Year 2016 GAAP EPS of $1.42

Full-Year 2016 Adjusted EPS of $1.52

MINNEAPOLIS--(BUSINESS WIRE)-- Donaldson Company, Inc. (NYSE: DCI) today announced fourth quarter and full-year 2016 results. Fourth quarter 2016 net earnings increased 5.5 percent to $59.5 million from $56.4 million last year. For the full year, net earnings declined 8.3 percent to $190.8 million from $208.1 million in 2015.

Fiscal 2016 GAAP earnings per share (EPS)1 were 44 cents in fourth quarter and $1.42 for full-year. Excluding certain one-time items, fourth quarter 2016 adjusted EPS2 increased 2.2 percent to 46 cents from 45 cents last year. Full-year 2016 adjusted EPS declined 3.8... More