Brief: Donaldson Reports Q1 EPS Of $0.61

Donaldson

01/12/2021 11:22

Dec 1 (Reuters) - Donaldson Company Inc  DCI.N :
    * DONALDSON COMPANY REPORTS RECORD FISCAL FIRST QUARTER 2022
SALES
AND EPS
    * Q1 EARNINGS PER SHARE $0.61
    * Q1 SALES $760.9 MILLION VERSUS $636.6 MILLION
    * Q1 2022 OPERATING MARGIN INCREASED TO 14.1% FROM 13.7% IN
2021
    * DONALDSON INCREASES FISCAL 2022 SALES AND EPS GUIDANCE
    * RAISING OUR FISCAL 2022 SALES AND EARNINGS OUTLOOK
    * MACRO-ECONOMIC HEADWINDS ARE CREATING A DIFFERENT PATH TO
ACHIEVING OUR RESULTS THAN WE PREVIOUSLY ANTICIPATED
    * DONALDSON COMPANY - GROSS MARGIN IS UNDER ADDITIONAL
PRESSURE AS
RAW MATERIAL, FREIGHT, AND LABOR COSTS HAVE CLIMBED BEYOND OUR
ORIGINAL EXPECTATIONS
    * TO PARTIALLY MITIGATE PRESSURE BY RAISING PRICES IN MOST
MARKETS
    * FISCAL 2022 GAAP EPS IS NOW EXPECTED TO BE BETWEEN $2.57
AND
$2.73
    * SALES GROWTH DURING FIRST HALF OF YEAR IS EXPECTED TO
OUTPACE
SECOND HALF OF YEAR
    * CURRENCY TRANSLATION IS EXPECTED TO BE A NOMINAL HEADWIND
IN
FY22
    * FY22 NET SALES ARE PROJECTED TO INCREASE BETWEEN 8% AND
12%
YEAR-OVER-YEAR
    * Q1 REVENUE VIEW $745.4 MILLION, EARNINGS PER SHARE VIEW
$0.55 --
REFINITIV IBES DATA
    * FY2022 REVENUE VIEW $3.10 BILLION, EARNINGS PER SHARE VIEW
$2.62
-- REFINITIV IBES DATA

Source text for Eikon:  ID:nBw3wT2JQa 
Further company coverage:  DCI.N 

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