Donaldson Issues FY20 Guidance - Quick Facts

(RTTNews) - Donaldson Company, Inc. (DCI) announced the company expects fiscal 2020 GAAP EPS between $2.21 and $2.37. Sales are projected in a range between a 2 percent decline and a 4 percent increase. Engine sales are projected in a range between a 4 percent decline and a 2 percent increase. Donaldson expects to repurchase approximately 2 percent of its outstanding shares during fiscal 2020.

"Our fiscal 2020 plan reflects focused portfolio management in an uneven demand environment. It is likely that uncertainty related to global trade and the political environment will keep our customers cautious, and some of our engine-related end markets are nearing the peak of their economic cycle," said Tod Carpenter, CEO.

For the fourth-quarter, adjusted earnings per share was $0.61, an increase of 5.2 percent from a year ago. Fourth-quarter sales increased 0.3 percent to $726.9 million from $724.7 million, prior year. Sales of Engine Products decreased 1.1 percent from last year on a reported basis, and the sales increased 0.9 percent when excluding the negative impact from currency translation.