Donaldson Company Reports First Quarter 2020 Earnings
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Donaldson (DCI) Misses Q1 EPS by 2c, Revenues Miss; Provides FY20
December 3, 2019 7:06 AM ESTDonaldson (NYSE: DCI) reported Q1 EPS of $0.51, $0.02 worse than the analyst estimate of $0.53. Revenue for the quarter came in at $672.7 million versus the consensus estimate of $699.32 million.
We are pleased with first quarters gross margin performance, and we remain on track to deliver another consecutive year of record profit, said Tod Carpenter, chairman, president and chief executive officer. As expected, demand in the first quarter was uneven. The market for new equipment was soft, sales of replacement parts were more stable, and growth businesses like Process Filtration were up notably from last... More
