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Last $31.10 USD
Change Today +0.30 / 0.97%
Volume 690.3K
DCI On Other Exchanges
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As of 8:04 PM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

donaldson co inc (DCI) Key Developments

Donaldson Company, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended July 31, 2015; Provides Earnings Guidance for the Full Year of Fiscal 2016

Donaldson Company, Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended July 31, 2015. For the quarter, the company reported net sales of $609.746 million against $668.226 million a year ago. Operating income was $78.123 million against $99.150 million a year ago. Net earnings were $56.262 million or $0.41 per diluted share against $72.956 million or $0.50 per diluted share a year ago. Earnings before income taxes were $77.757 million against $100.852 million a year ago. EBITDA was $100.630 million against $120.983 million a year ago. Net capital expenditures was $20.965 million against $30.769 million a year ago. Adjusted earnings per share were 45 cents. Adjusted operating margin was 14%, ahead of the midpoint of earlier guidance by 20 basis points due primarily to the company's expense management programs, which was offset partially by a mix pressure on margin. Cash flow from operations was $51 million this quarter. For the year, the company reported net sales of $2,371.213 million against $2,473.466 million a year ago. Operating income was $288.310 million against $355.739 million a year ago. Net earnings were $208.111 million or $1.49 per diluted share against $260.224 million or $1.76 per diluted share a year ago. Earnings before income taxes were $288.603 million against $360.703 million a year ago. Net cash provided by operating activities was $212.843 million against $317.839 million a year ago. Net expenditures on property and equipment were $93.566 million against $96.815 million a year ago. EBITDA was $378.058 million against $438.066 million a year ago. Adjusted earnings per share were 1.58 cents. Cash flow from operations was $213 million for the year. Free cash flow for the year was $119 million. For full-year 2016, the company expects to generate local-currency sales growth of 2% to 6%, as the company's investments in growth offset the expected continued weakness in many of its major end markets. This sales growth, combined with its Continuous Improvement initiatives and expense controls, are expected to contribute to an improvement in the company's operating margin and full-year EPS of $1.56 to $1.76. The company expects sales of $2.32 billion to $2.42 billion, or a decline of 2% to an increase of 2% versus fiscal 2015. Full-year 2016 operating margin is expected to be between 12.9% and 13.7%. The company expects full-year interest expense to increase by approximately $4 million, reflecting the additional debt issued in fiscal 2015 associated with the Company’s stated goal of maintaining a leverage ratio of approximately 1.5 times debt-to-EBITDA. The company expects effective tax rate to be 26.5% and 28.5%. CapEx is forecast to be between $80 million and $90 million, a decline from last year, due in part to a lower mix of capital versus expense in the company's ERP. The combination of expected cash flow from operations, working capital improvement opportunities and lower capital expenditures results in forecasted free cash flow of $200 million to $250 million, more than $100 million above the 2015 point at the midpoint.

Donaldson Seeks Acquisitions

Donaldson Company, Inc. (NYSE:DCI) is looking for acquisitions. The company is investing in acquisitions that support their strategy and growth plans.

Donaldson Company, Inc. to Report Q4, 2015 Results on Sep 01, 2015

Donaldson Company, Inc. announced that they will report Q4, 2015 results at 9:00 AM, Eastern Standard Time on Sep 01, 2015

Donaldson Company, Inc., Q4 2015 Earnings Call, Sep 01, 2015

Donaldson Company, Inc., Q4 2015 Earnings Call, Sep 01, 2015

Donaldson Company Declares Quarterly Cash Dividend, Payable on September 3, 2015

Donaldson Company, Inc. announced that its Board of Directors declared a regular cash dividend of 17 cents per share, payable on September 3, 2015, to shareholders of record as of August 19, 2015. The current declaration is the 240th consecutive quarterly cash dividend paid by the company over a time span of 60 years.

 

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