$DCI (Donaldson Company, Inc.)

$DCI {{ '2016-06-02T14:27:37+0000' | timeago}} • Webcast

$DCI said excluding restructuring charges 3Q16 expense was little more than $118MM, representing a YoverY decline of about 90 BP. In the quarter, GTS replacement parts were strong and the company expects that to continue. Therefore, FY16 GTS sales are now expected to be down 20% compared to a decline of 20-25% expected earlier.

$DCI {{ '2017-09-07T13:45:04+0000' | timeago}} • Announcement

Painting a rosy FY18, $DCI expects EPS between $1.79 and $1.93, compared to FY17 EPS of $1.74. The sales would grow between 4% and 8% with the engine product sales swelling by 6% to 10%.  The FY18 industrial products segment sale would in the range of flat and 4% compared to FY17. It plans to repurchase approx. 2% of its outstanding shares.

$DCI {{ '2017-09-07T13:43:29+0000' | timeago}} • Announcement

$DCI’s engine product segment sales leapfrogged by 17.8% at $431.9MM as the market sentiments were positive in 4Q17. The industrial product division sale rose to $228.2MM compared to $227.3MM last year. The firm also repurchased 650,000 shares, or 0.5 percent, of its common stock at an average price of $46.02 for a total investment of $29.9MM in 4Q17.

$DCI {{ '2017-09-07T13:41:55+0000' | timeago}} • Announcement

Reaping benefits from strong sales and strategic initiatives, $DCI, a filtration company, was in the driver’s seat in 4Q17 as it logged net earnings of $68.2MM compared to $59.5MM a year ago. The EPS jumped 15.9% to $0.51 in the quarter. With the engine and industrial product segments on a high, the sales for the quarter spiked 11.2% to $660.1MM.

$DCI {{ '2017-08-21T20:58:58+0000' | timeago}} • Announcement

$DCI, provider of filtration solutions, announced that Jacquie Boyer will be joining it as VP of global OEM sales, effective Aug 28, 2017. Boyer will report to Tom Scalf, SVP of Engine Products. She most recently held the position of VP, global sales and marketing at Stanadyne, a fuel injection system supplier to the automotive and diesel markets.

$DCI {{ '2017-08-01T20:50:46+0000' | timeago}} • Announcement

$DCI announced changes to the leadership of its BoD, effective with the annual shareholders meeting to be held in Nov. 2017. CEO Tod E. Carpenter will become Chairman, and current director Willard D. Oberton will serve as lead independent director. Carpenter will replace non-executive chairman Jeffrey Noddle, who will not stand for reelection.

$DCI {{ '2017-07-28T20:52:43+0000' | timeago}} • Announcement

$DCI's BoD lifted regular quarterly dividend by 2.9% from 17.5 cents to 18 cents per share. The dividend is payable on Aug. 31, 2017 to shareholders of record on Aug. 15, 2017.

$DCI {{ '2017-06-01T15:24:26+0000' | timeago}} • Webcast

In FY18, DCI said that on the revenue growth, the company is working through its plan and is committed to delivering incremental profit on revenue growth. $DCI is confident of rolling it out and would give more information in 4Q17 earnings.

$DCI {{ '2017-06-01T14:51:33+0000' | timeago}} • Webcast

$DCI said that regarding adding additional capacity, the company is looking at adding capacity in its current footprint. Longer term $DCI has a region for region based operation strategy. And over the fiver year period, the company will look to add bricks and mortar.

$DCI {{ '2017-06-01T11:54:44+0000' | timeago}} • Announcement

$DCI now sees FY17 adjusted EPS between $1.67 and $1.71, and GAAP EPS will be around 5 cents higher than adjusted EPS. Donaldson expects FY17 sales to rise about 6%, with Engine Products segment sales improving 10-11%, offset by an estimated 2-3% decline in sales of Industrial Products.

$DCI {{ '2017-06-01T11:51:02+0000' | timeago}} • Announcement

In 3Q17, net sales for $DCI's Engine Products segment soared 13.5% to $405.6MM, while Industrial Products' sales slumped 5.3% to $202.6MM. Excluding negative currency translation impact, total sales improved 7.7% from prior year, driven by a 14.3% rise in sales of Engine Products, partially offset by a 3.3% decline in Industrial Products.

$DCI {{ '2017-06-01T11:47:03+0000' | timeago}} • Announcement

With a 9.6% jump in net earnings of $60.1MM or $0.45 per share, $DCI posted a 6.5% hike in net sales for 3Q17. Donaldson’s operating margin increased to 14.5% from last year's 13.1%, while interest expense for the quarter declined to $4.8MM from $5.3MM.

$DCI {{ '2017-05-24T19:00:14+0000' | timeago}} • Announcement

$DCI announced that its Board of Directors declared a regular cash dividend of $0.175 per share, payable June 28, 2017, to shareholders of record as of June 12, 2017.

$DCI {{ '2017-05-01T13:18:04+0000' | timeago}} • Announcement

$DCI announced the acquisition of Hy-Pro Corporation. Hy-Pro designs and manufactures filtration systems and replacement filters for stationary hydraulic and industrial lubrication filtration applications. $DCI completed the acquisition of Hy-Pro on May 1, 2017.

$DCI {{ '2017-03-01T14:04:54+0000' | timeago}} • Announcement

During 2Q17, $DCI repurchased 250 thousand shares, or 0.2%, of its common stock at an average price of $41.96 for a total investment of $10.5MM. The company also paid dividends of $23.1MM in 2Q17.

$DCI {{ '2017-03-01T14:02:20+0000' | timeago}} • Announcement

For FY17, $DCI expects adjusted EPS to be in the range of $1.60-1.68, with the midpoint of this range near the high end of the Company's prior guidance of $1.50 to $1.66. $DCI expects GAAP EPS to be approx. 5 cents higher than adjusted EPS. FY17 sales is expected to increase between 2-4%.

$DCI {{ '2017-03-01T13:58:05+0000' | timeago}} • Announcement

Filtration technologies company $DCI reported 23% rise in its 2Q17 earnings, helped by increase in revenues. Net earnings rose to $46.5MM, or $0.35 per share, compared to $38MM, or $0.28 per share in 2Q16. Net sales rose 6.4% YoY to $550.6MM. Excluding items, $DCI earned $0.35 per share.

$DCI {{ '2017-01-27T19:25:26+0000' | timeago}} • Announcement

$DCI BoD declared a regular cash dividend of $0.175 per share, payable March 3, 2017, to shareholders of record on February 14, 2017.

$DCI {{ '2016-12-01T18:43:27+0000' | timeago}} • Webcast

$DCI said for its Gas Turbine Systems business, 1Q17 was the best quarter the company had in terms of comp performance YoverY. The comps are going to get tougher in terms of the expectations for the balance of FY17 every quarter going forward.

$DCI {{ '2016-12-01T18:27:09+0000' | timeago}} • Webcast

During 1Q17, $DCI returned $23MM to shareholders through dividends and invested another $41MM to repurchase 0.8% of its outstanding shares. Capex of $12MM was below the recent run rate given the timing of certain projects and cash conversion for the quarter was 150%.

$DCI {{ '2016-12-01T18:00:03+0000' | timeago}} • Webcast

During 1Q17, the increase in $DCI’s total sales was driven primarily by growth of replacement part sales in both segments. Within the Engine segment, the total increase in sales was led by aftermarket as first-fit sales remain under pressure. Consistent with projections, sales of on-road products declined nearly 26% from last year.

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