Donaldson (DCI) Reports In-Line Q4 EPS, Revenues Miss; Offers FY19 EPS Below Consensus

Donaldson (NYSE: DCI) reported Q4 EPS of $0.58, in-line with the analyst estimate of $0.58. Revenue for the quarter came in at $724.7 million versus the consensus estimate of $726.49 million.

“We had a strong finish to fiscal 2018, with fourth quarter performance reflecting sales momentum and margin improvement as price realization and expense leverage more than offset inflationary pressure,” said Tod Carpenter, chairman, president and chief executive officer. “Our employees did an excellent job last year meeting our customers’ needs while delivering on our strategic objectives, which contributed to record levels of sales and adjusted EPS.

“We expect to deliver another year of record performance in 2019, and we are maintaining our momentum related to further penetrating key markets, investing in technology development and adding capacity. While macro-factors like geopolitical uncertainty and continued inflationary pressure temper our perspective, sales growth in both the Engine and Industrial segments combined with a targeted approach to expense planning allow us to fund our strategic investments and drive incremental profit to the bottom line. I am confident that our fiscal 2019 strategic agenda balances near- and long-term opportunities, further strengthening our foundation for future success.”

GUIDANCE:

Donaldson sees FY2019 EPS of $1.36-$2.00, versus the consensus of $2.27.

For earnings history and earnings-related data on Donaldson (DCI) click here.

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