Donaldson posts 4Q profit, results beat Wall Street expectations

MarketsAssociated Press

Donaldson Co. (DCI) on Wednesday reported earnings of $73 million in its fiscal fourth quarter.

On a per-share basis, the Minneapolis-based company said it had profit of 50 cents. Earnings, adjusted for restructuring costs, came to 51 cents per share.

Continue Reading Below

The results surpassed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.

The maker of filtration systems posted revenue of $668.2 million in the period, also beating Street forecasts. Analysts expected $651.8 million, according to Zacks.

Donaldson released its full-year outlook, with annual revenue expected to be in the range of $2.57 billion to $2.67 billion.

Donaldson shares have dropped slightly more than 6 percent since the beginning of the year. The stock has climbed 10 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. A stock research report on DCI from Zacks is available at: http://www.zacks.com/ap/DCI

_____

Keywords:Donaldson,Earnings Report