Last10K.com

Donaldson Co Inc (DCI) SEC Filing 10-Q Quarterly report for the period ending Thursday, January 31, 2019

Donaldson Co Inc

HISTORY TOOLS
CIK: 29644 Ticker: DCI
Exhibit 99.1


Donaldson Company Reports Second Quarter 2019 Earnings

Donaldson achieves record second quarter sales and EPS1
Second quarter 2019 sales increased 5.9 percent from 2018, or 8.6 percent in constant currency
Donaldson’s fiscal 2019 forecast reflects a year-over-year sales increase of 5 to 9 percent and an
operating margin increase of 0.4 to 0.8 percentage points

MINNEAPOLIS (March 6, 2019) - Donaldson Company, Inc. (NYSE: DCI) today reported record second quarter net earnings of $60.1 million, compared with a loss of $52.9 million in 2018. The current- and prior-year periods included tax expense of $0.4 million and $109.7 million, respectively, related to the Federal Tax Cuts and Jobs Act (TCJA).
2 Excluding these impacts, second quarter 2019 adjusted EPS3 increased 9.3 percent to $0.47 from $0.43 in 2018. The tables attached to this press release include a reconciliation of GAAP to non-GAAP measures.

“We delivered second quarter sales and earnings records, with benefits from execution of our strategic priorities and expense leverage more than offsetting the impacts from volatility within the quarter related to market conditions and currency,” said Tod Carpenter, chairman, president and chief executive officer. “As we move through the cycle, we naturally expect the pace of growth in certain businesses will moderate; however, uneven demand during the past quarter, including a sharp and broad-based slowdown in December, resulted in some adjustments to our full-year forecast.

“Despite these adjustments, which were influenced by currency translation and uncertainty from macro-factors like global trade and the political environment, we remain on pace to deliver record sales and EPS in fiscal 2019. In addition to strong top- and bottom-line results, we continue to forecast growth in operating margin as our focused approach to expense management allows us to generate incremental levels of profitability while funding our strategic priorities.

“We see excellent opportunities to expand our core products and technologies into new and emerging markets, with strength in innovative air and fuel products, process filtration and growth in China reflective of our progress. Our incremental investments in technology development and capacity expansion extend these opportunities, further building on our reputation as a leader in the global filtration industry while enhancing our profit margin. I want to thank our employees for their commitment and strong execution of our strategic priorities, and I am confident that we are well-positioned to create long-term value for our customers and shareholders.”

_____________________________________________________________________________________________________
1 All earnings per share figures refer to diluted earnings per share.
2 See the “Accounting Considerations” section for more information about the TCJA and adoption of new accounting standards.
3 Adjusted earnings are a non-GAAP financial measure that exclude the impact of certain items not related to ongoing operations.


The following information was filed by Donaldson Co Inc (DCI) on Wednesday, March 6, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate Donaldson Co Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Donaldson Co Inc.

Continue

Assess how Donaldson Co Inc's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Donaldson Co Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2019 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools

Rating

Learn More
Bullish Bearish Neutral
Filter Sentiment:
All
Positive
Negative
Filter Category:
All
Financial
Revenue
M & A
Other
Filter Subcategory:
All
Earnings
Product
Debt
Expense
Cash Flow
Income
Other
Inside Donaldson Co Inc's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (Parenthetical)
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Comprehensive Income
Condensed Consolidated Statements Of Comprehensive Income (Parenthetical)
Condensed Consolidated Statements Of Earnings (Loss)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss (Details)
Accumulated Other Comprehensive Loss (Tables)
Acquisitions
Acquisitions (Details)
Commitments And Contingencies
Earnings Per Share
Earnings Per Share (Details)
Earnings Per Share (Information Necessary To Calculate Basic And Diluted Net Earnings Per Common Share) (Details)
Earnings Per Share (Tables)
Employee Benefit Plans
Employee Benefit Plans (Components Of Net Periodic Pension Costs) (Details)
Employee Benefit Plans (Details)
Employee Benefit Plans (Tables)
Fair Value Measurements
Fair Value Measurements (Details)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (Reconciliation Of Goodwill) (Details)
Goodwill And Other Intangible Assets (Reconciliation Of Intangible Assets) (Details)
Goodwill And Other Intangible Assets (Tables)
Guarantees
Guarantees (Details)
Income Taxes
Income Taxes (Details)
Revenue
Revenue (Cumulative Effect Of Adoption) (Details)
Revenue (Disaggregation Of Revenue By Geographical Area) (Details)
Revenue (Disaggregation Of Revenue By Segment) (Details)
Revenue (Narrative) (Details)
Revenue (Tables)
Segment Reporting
Segment Reporting (Details)
Segment Reporting (Summary Of Segment Detail) (Details)
Segment Reporting (Tables)
Shareholders' Equity
Shareholders' Equity (Details)
Stock-Based Compensation
Stock-Based Compensation (Details)
Stock-Based Compensation (Summary Of Information Concerning Outstanding And Exercisable Options) (Details)
Stock-Based Compensation (Summary Of Stock Option Activity) (Details)
Stock-Based Compensation (Tables)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Details)
Summary Of Significant Accounting Policies (Policies)
Supplemental Balance Sheet Information
Supplemental Balance Sheet Information (Inventory) (Details)
Supplemental Balance Sheet Information (Property, Plant And Equipment) (Details)
Supplemental Balance Sheet Information (Tables)
Warranty
Warranty (Details)
Warranty (Tables)

Material Contracts, Statements, Certifications & more

Donaldson Co Inc provided additional information to their SEC Filing as exhibits

Exhibit 10.A: Material Contract
Exhibit 31.A: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 31.B: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 32: Section 1350 Certification
Ticker: DCI
CIK: 29644
Form Type: 10-Q Quarterly Report
Accession Number: 0000029644-19-000004
Submitted to the SEC: Wed Mar 06 2019 9:13:09 AM EST
Accepted by the SEC: Wed Mar 06 2019
Period: Thursday, January 31, 2019
Industry: Industrial And Commercial Fans And Blowers And Air Purifing Equip

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/dci/0000029644-19-000004.htm