By Denny Jacob
Donaldson posted lower-than-expected results in its latest quarter, leading to a revised outlook for its fiscal year.
The filtration-products maker logged earnings of $95.9 million, or 79 cents a share, for the second quarter ended Jan. 31, down from $98.7 million, or 81 cents a share, a year earlier.
Stripping out certain one-time items, earnings came in at 83 cents a share. Analysts polled by FactSet expected 85 cents a share.
Sales edged down to $870 million from $876.7 million. Analysts polled by FactSet expected $908.3 million.
Donaldson adjusted its fiscal 2025 outlook. The company now sees adjusted earnings per-share coming in between $3.60 and $3.68 compared to its prior outlook set of adjusted earnings between $3.56 a share and $3.72 a share.
Sales for the year are now expected to be flat to up to 4% growth. It previously forecast growth in the range of 2% and 6%.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
February 27, 2025 06:28 ET (11:28 GMT)
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