- Donaldson (NYSE:DCI) -2% AH after issuing downside guidance, citing disappointing conditions in H2 of its fiscal year, including an unforeseen slowdown in its engine aftermarket distribution channels, weaker industrial conditions in China, continued softening in its engine OEM off-road equipment end markets, and the strong U.S. dollar.
- DCI now sees FY 2015 revenues of $2.3B-$2.4B, lowered from its earlier view of $2.4B-$2.5B and below $2.47 analyst consensus estimate, and adjusted EPS of $1.51-$1.61, lowered from $1.65-$1.85 and below $1.75 consensus; operating margin is expected at 12.7%-13.1%, lowered from 13.6-14.4%.