Donaldson Reaffirms FY23 Adj. EPS, Sales Growth Outlook; Q2 Results Top Estimates

RTTNews | 449 days ago
Stocktwits
Donaldson Reaffirms FY23 Adj. EPS, Sales Growth Outlook; Q2 Results Top Estimates

(RTTNews) - While reporting financial results for the second quarter on Wednesday, Donaldson Co. Inc. (DCI) reaffirmed its adjusted earnings and sales growth guidance for the full-year 2024.

For fiscal 2024, Donaldson now projects earnings in a range of $3.24 to $3.32 per share and adjusted earnings in a range of $2.90 to $3.04 per share on net sales growth of 3 to 7 percent.

Previously, the company expected earnings in the range of $3.14 to $3.30 per share and adjusted earnings in the range of $2.90 to $3.04 per share on net sales growth of 3 to 7 percent.

On average, seven analysts polled by Thomson Reuters expect the company to report earnings of $3.57 per share on sales growth of 5.50 percent to $3.77 billion for the year. Analysts' estimates typically exclude special items.

For the second quarter, the company reported net earnings of $98.7 million or $0.81 per share, up from $86.0 million or $0.70 per share in the prior-year quarter.

Net sales for the quarter increased 5.8 percent to $876.7 million from $828.3 million in the same quarter last year.

The Street was looking for earnings of $0.74 per share on net sales of $873.6 million for the quarter.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: DCI
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New Zealand Retail Sales Data Due On Friday

New Zealand Retail Sales Data Due On Friday

New Zealand will on Friday release Q1 numbers for retail sales, highlighting a modest day for Asia-Pacific economic activity. Sales are expected to be flat on quarter after rising 0.9 percent in the three months prior.
RTTNews | 22 minutes ago
U.S. Dollar Firms On Deficit Concerns

U.S. Dollar Firms On Deficit Concerns

The U.S. dollar was higher against its most major counterparts in the New York session on Thursday, as treasury yields soared amid concerns about the fiscal impact of President Donald Trump's tax bill.
RTTNews | 3h 40min ago
Swiss Market Ends Notably Lower

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After opening modestly down, the Switzerland market kept sliding on Thursday, and despite recovering some lost ground past mid afternoon, ended the day's session on a weak note. Concerns about U.S. debt, and continued uncertainty about tariff negotiations rendered the mood cautious.
RTTNews | 4h 44min ago
Canadian Market Up Marginally At Noon In Cautious Trade

Canadian Market Up Marginally At Noon In Cautious Trade

After opening slightly up, the Canadian market slipped into negative territory Thursday morning, but edged up a bit subsequently in cautious trade, with a few stocks from technology and financials sectors posting solid gains.
RTTNews | 6h 20min ago
U.S. Existing Home Sales Unexpectedly See Further Downside In April

U.S. Existing Home Sales Unexpectedly See Further Downside In April

Existing home sales in the U.S. unexpectedly saw further downside in the month of April, according to a report released by the National Association of Realtors on Thursday. NAR said existing home sales fell by 0.5 percent to an annual rate of 4.00 million in April after plunging by 5.9 percent to a rate of 4.02 million in March.
RTTNews | 7h 51min ago
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