Donaldson Trims FY19 Outlook - Quick Facts

(RTTNews) - While reporting financial results for the third quarter, Donaldson Co. Inc. (DCI) lowered its earnings and sales growth guidance for the full-year 2019.

For fiscal 2019, Donaldson now expects earnings in a range of $2.20 to $2.24 per share, compared to the prior guidance range of $2.27 to $2.41 per share.

The company also now expects full-year sales to increase between 3.5 and 4.5 percent, which includes a negative impact from currency of about 3 percent and a benefit from BOFA of 1 percent.

The midpoint of the revised sales guidance range is about 3 percent below prior guidance, driven by changes to the Aftermarket, Off-Road and IFS forecasts. Sales forecasts for all other business units are consistent with prior guidance.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $2.33 per share on sales growth of 7.1 percent to $2.93 billion for the year. Analysts' estimates typically exclude special items.