Donaldson (DCI) Tops Q2 EPS by 3c, Revenues Miss; Offers FY20 EPS Guidance Below Consensus

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Go back to Donaldson (DCI) Tops Q2 EPS by 3c, Revenues Miss; Offers FY20 EPS Guidance Below Consensus

Donaldson Company Reports Second Quarter 2020 Earnings

March 5, 2020 7:02 AM EST

Operating margin grew 0.7 percentage points in second quarter, driven by strong gross margin

Second quarter 2020 GAAP EPS1 increased 8.7 percent on a sales decline of 5.9 percent

Fiscal 2020 sales forecast updated to reflect slowing market conditions, macro-uncertainty

Donaldson still expects gross margin expansion will drive operating margin growth in fiscal 2020

MINNEAPOLIS--(BUSINESS WIRE)-- Donaldson Company, Inc. (NYSE: DCI) today reported second quarter 2020 net earnings of $64.4 million, an increase of 7.2 percent from the prior year net earnings of $60.1... More