Donaldson (DCI) Reports In-Line Q4 EPS, Revenues Miss; Offers FY19 EPS Below Consensus
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Donaldson Reports Fourth Quarter and Full-Year 2018 Earnings
September 6, 2018 7:00 AM EDTRecord levels for sales and adjusted EPS1,2 in fiscal 2018; new records forecast for 2019
Fourth quarter operating margin grew 0.4 percentage points on 9.8 percent sales increase
MINNEAPOLIS--(BUSINESS WIRE)-- Donaldson Company, Inc. (NYSE: DCI) today announced net earnings of $102.4 million in fourth quarter and $180.3 million for full-year 2018, compared with $68.2 million and $232.8 million, respectively, in 2017. Net earnings in the current and prior years were impacted by non-recurring items,3 including the Federal Tax Cuts and Jobs Act (TCJA) in fiscal 2018 and an escrow settlement... More
