Donaldson Company Reports Second Quarter 2020 Earnings
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Donaldson (DCI) Tops Q2 EPS by 3c, Revenues Miss; Offers FY20 EPS Guidance Below Consensus
March 5, 2020 7:04 AM ESTDonaldson (NYSE: DCI) reported Q2 EPS of $0.50, $0.03 better than the analyst estimate of $0.47. Revenue for the quarter came in at $662 million versus the consensus estimate of $696.4 million.
Operating margin grew 0.7 percentage points in second quarter, driven by strong gross marginSecond quarter 2020 GAAP EPS1 increased 8.7 percent on a sales decline of 5.9 percentFiscal 2020 sales forecast updated to reflect slowing market conditions, macro-uncertaintyDonaldson still expects gross margin expansion will drive operating margin growth in fiscal 2020Strong gross margin performance and disciplined expense management contributed to record second quarter net income, despite a... More
