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Donaldson +8.3% after raising outlook

Mar. 01, 2017 11:14 AM ETDonaldson Company, Inc. (DCI) StockDCIBy: Yoel Minkoff, SA News Editor
  • Net earnings of $46.5M, or $0.35 per diluted share vs. $38M or $0.28 per diluted share in the same quarter a year ago.
  • Sales by segment: Engine Products +12.8%; Industrial Products -2.4%.
  • "We are pleased with our year-to-date results, which reflect strong execution of our strategic priorities complemented by further stabilization in overall market conditions," said CEO Tod Carpenter.
  • Outlook for fiscal 2017: Adjusted EPS of $1.60-$1.68 (from $1.50 to $1.66); Sales are expected to increase between 2%-4% from last year (vs. a range of -2% to +2%)
  • FQ2 results

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