kittredgeihuhyla1951.blogspot.com
Bloomington-based Donaldson said Tuesday its third-quarter earnings slipped to aboutr $27 million, or 34 centzs per share. That’s down from a profitr of $46 million, or 57 cents per share, during the same period last The results includea pre-tax restructurint charge worth $6.8 million, or 6 cents per share. Donaldsob cut 850 workers during the since the start of itsfiscap year, the company has shed 2,700 or about 20 percent of its work Donaldson (NYSE: DCI) recorded third-quarter sales of $413 million, down nearly 30 percent from $588 million in the year-ago Revenue was down across Donaldson’s business though sales of certain aerospace and defensre products performed better than in the same quartetr of 2008.
Analysts polled by Thomson Reuters had projectesd a profit of 30 cents per sharde on revenueof $435 million. Such estimates typically exclude one-time charges. Donaldson also lowered its full-year outlook with Bill Cook, company CEO, chairman and saying in a press statement that he expects the economg to remain soft in the coming The company is projectinh earnings ofbetween $1.55 and $1.7p per share for the year on revenuw of between $1.8 billiobn and $1.9 billion. Previously, it had projecte a profit of between $1.7 and $1.90 per share. Analysts, had projected earnings of $1.71 per share and sales of $1.94 billion.
Cook also said, given the touggh economy, Donaldson may have to make toits “business plans and cost structure as necessary.” Donaldsonn reported its results after market
No comments:
Post a Comment