Donaldson Q4 Profit Beats Estimates - Quick Facts

(RTTNews) - Donaldson Company, Inc. (DCI) reported fourth quarter net earnings of $56.3 million, or $0.41 per share, compared to $73.0 million or $0.50 per share, last year. Adjusted earnings per share was $0.45 in fourth quarter.

On average, ten analysts polled by Thomson Reuters expected the company to report profit per share of $0.42 for the quarter. Analysts' estimates typically exclude special items.

Sales declined 8.8 percent to $609.75 million from $668.23 million, a year ago. Foreign currency translation reduced fourth quarter sales by 7.8 percent. Analysts expected revenue of $595.78 million for the quarter.

Excluding the impact of currency translation, total sales decreased 1.1 percent in fourth quarter, reflecting a 5.7 percent decline in Engine Products, partially offset by an increase of 6.9 percent in Industrial Products.

Donaldson expects fiscal 2016 sales of $2.32 billion to $2.42 billion, or a decline of 2 percent to an increase of 2 percent from fiscal 2015. In local currency, sales are expected to increase 2 percent to 6 percent. Fiscal 2016 GAAP EPS is expected to be $1.56 to $1.76, and Donaldson currently forecasts GAAP EPS will be approximately 1 cent lower than adjusted EPS. Analysts expect the company to report full year earnings per share of $1.73 on revenue of $2.40 billion.