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Stock impact report

Donaldson Company Reports First Quarter 2020 Earnings

Donaldson Company, Inc. (DCI) 
Last donaldson company, inc. earnings: 3/5 07:02 am Check Earnings Report
US:NYSE Investor Relations: ir.donaldson.com
Company Research Source: Business Wire
First quarter 2020 gross margin increased 0.4 percentage points from the prior yearDonaldson maintains its prior guidance for fiscal 2020 sales, operating margin and EPS MINNEAPOLIS--(BUSINESS WIRE)--Donaldson Company, Inc. (NYSE: DCI) today reported first quarter 2020 net earnings of $65.0 million, or $0.51 per share,1 compared with $73.8 million, or $0.56 per share, in first quarter 2019.“We are pleased with first quarter’s gross margin performance, and we remain on track to deliver another consecutive year of record profit,” said Tod Carpenter, chairman, president and chief executive officer. “As expected, demand in the first quarter was uneven. The market for new equipment was soft, sales of replacement parts were more stable, and growth businesses like Process Filtration were up notably from last year.“We expect growth in our ‘Advance and Accelerate’2 portfolio will continue to outpace the company average, supported by further investments to gain share, while customer cautious Show less Read more
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