Donaldson reports Q3 adjusted EPS 99c, consensus 95c

Reports Q3 revenue $940.1M, consensus $933.45M. “I am proud of our third quarter earnings results which are a testament to the durability of our business model and the strength of the Donaldson (DCI) team,” said Tod Carpenter, chairman, president and chief executive officer. “Showing our company strength, we reported record sales and record adjusted earnings per share, raised full-year adjusted earnings per share guidance, accelerated share repurchase to 3.3% of outstanding shares year-to-date, and recently announced an 11% increase to our quarterly dividend. “For the full year, we expect to generate record sales and adjusted earnings. Importantly, our region-for-region footprint combined with the speed of decision making following our organizational redesign contribute to our expectation that the net impact on earnings from current tariffs will be immaterial. We are focused on disciplined execution and purposeful investments for future growth in all three of our segments, solidifying our long-term ability to return cash to shareholders and remain the leader in technology-led filtration.”