Donaldson Earned 43 Cents a Share

Ick…Wall Street had a serrious case of the Mondays.
But the good news is that Donaldson‘s (DCI) earnings were in line with expectations at 43 cents a share. Ah, good ol’ Donaldson. He never lets me down.Sales came in at $446.4 million, which was above expectations.
Bill Cook, the CEO, said:

Sales in both our Engine and Industrial Products segments were up 11 percent, and our incoming orders remain strong. Our plants around the world are operating very well. The start-ups at our new plants in China and the Czech Republic have been completed, and they are now up and running per our plans. Overall, economic conditions remain good for most of our businesses around the world. As a result, we are on course for another year of record earnings, our 18th consecutive, in fiscal 2007.

Posted by on November 27th, 2006 at 4:36 pm

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