Donaldson Posts Higher Q2 Profit - Quick Facts

(RTTNews) - Filtration systems provider Donaldson Co. Inc. (DCI) posted a 15% rise in second-quarter net earnings to $58.34 million, or $0.39 per share, from last year's $50.81 million, or $0.34 per share. On average, 11 analysts polled by Thomson Reuters expected earnings per share of $0.36 for the quarter. Analysts' estimates typically exclude one-time items.

The firm clocked $581.62 million of net sales in the quarter, versus $596.04 million a year before, and missed consensus estimates of $597.94 million. According to the company, the impact of foreign currency translation lowered sales by $8.8 million, or 1.5 percent, during the quarter.

For fiscal 2014, Donaldson expects earnings per share between $1.65 and $1.85, and sales to be between $2.45 and $2.55 billion, or an increase of 1 to 5 percent including the negative impact of foreign currency exchanges rates. The company's guidance is based on the Euro at $1.35 and 101 Yen to the US$. Twelve analysts expect the company to report fiscal 2014 earnings per share of $1.78 on $2.51 billion in revenue.