Donaldson Company Inc. Earnings Decline 19% In Q1

(RTTNews) - Donaldson Company Inc. (DCI) announced a profit for first quarter that decreased from last year.

The company said its earnings fell to $45.4 million, or $0.34 per share. This was lower than $55.9 million, or $0.40 per share, in last year's first quarter.

Analysts had expected the company to earn $0.33 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 9.8% to $538.0 million. This was down from $596.5 million last year.

Donaldson Company Inc. earnings at a glance:

-Earnings (Q1): $45.4 Mln. vs. $55.9 Mln. last year. -Earnings Decline (Y-o-Y): -18.8% -EPS (Q1): $0.34 vs. $0.40 last year. -EPS Decline (Y-o-Y): -15.0% -Analysts Estimate: $0.33 -Revenue (Q1): $538.0 Mln vs. $596.5 Mln last year. -Revenue Change (Y-o-Y): -9.8%

-Guidance: Full year EPS guidance: $1.49 - $1.69 Full year revenue guidance: $2.2 - $2.3 Bln