Donaldson Reaffirms FY23 Adj. EPS, Sales Growth Outlook; Q2 Results Top Estimates
(RTTNews) - While reporting financial results for the second quarter on Wednesday, Donaldson Co. Inc. (DCI) reaffirmed its adjusted earnings and sales growth guidance for the full-year 2024.
For fiscal 2024, Donaldson now projects earnings in a range of $3.24 to $3.32 per share and adjusted earnings in a range of $2.90 to $3.04 per share on net sales growth of 3 to 7 percent.
Previously, the company expected earnings in the range of $3.14 to $3.30 per share and adjusted earnings in the range of $2.90 to $3.04 per share on net sales growth of 3 to 7 percent.
On average, seven analysts polled by Thomson Reuters expect the company to report earnings of $3.57 per share on sales growth of 5.50 percent to $3.77 billion for the year. Analysts' estimates typically exclude special items.
For the second quarter, the company reported net earnings of $98.7 million or $0.81 per share, up from $86.0 million or $0.70 per share in the prior-year quarter.
Net sales for the quarter increased 5.8 percent to $876.7 million from $828.3 million in the same quarter last year.
The Street was looking for earnings of $0.74 per share on net sales of $873.6 million for the quarter.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
Donaldson Boosts FY23 Outlook As Q2 Adj. EPS Tops Estimates
Frozen Shakes Sold To Care Facilities Recalled After Listeria Outbreak, Death
European Economic News Preview: German Ifo Business Confidence Data Due
European Shares Seen Higher At Open
Sensex, Nifty Decline In Early Trade; IT Stocks Hit Hard On Tariff Concerns
Asian Markets Track Wall Street Lower
Australian Market Turns Green In Mid-market Trades
