$DCI (Donaldson Company, Inc.)

$DCI {{ '2016-06-02T14:33:40+0000' | timeago}} • Webcast

$DCI said it expects the full year effective tax rate to be between 25-26%. The company also said it raised its estimates of free cash flow & cash conversion, primarily due to its efforts to reduce working capital. Including FY16 CapEx of approx. $80MM, $DCI expects free cash flow of $200-230MM, translating to a cash conversion of between 100-115%.

$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.

$DCI {{ '2016-12-01T13:22:12+0000' | timeago}} • Announcement

$DCI expects full-year 2017 sales in the Engine Products and Industrial Products segments between a 2% decline and a 2% increase vs. 2016. Operating margin is expected to be 13.3-13.9%. $DCI expects Capex of $70-80MM and full-year cash conversion of 90-100%. During FY17, the company expects to repurchase between 2-3% of its outstanding shares.

$DCI {{ '2016-12-01T13:17:39+0000' | timeago}} • Announcement

$DCI expects FY17 adjusted EPS to be $1.50-1.66. GAAP EPS is now expected to be approx. $0.05 greater than adjusted EPS, reflecting the impact in 1Q17 from the Northern Technical settlement. $DCI expects total sales between a 2% decline and a 2% increase vs. 2016.

$DCI {{ '2016-12-01T13:13:00+0000' | timeago}} • Announcement

In 1Q17, $DCI posted net sales of $354MM in its Engine Products segment, up 2.1% from 1Q16. In the Industrial Products segment, net sales were $199MM, up 4.1% compared to last year.

$DCI {{ '2016-12-01T13:05:54+0000' | timeago}} • Announcement

Filtration technologies company $DCI reported an increase in 1Q17 earnings. Net income was $58MM or $0.43 per share versus $38.5MM or $0.29 per share in 1Q16. 1Q17 GAAP EPS includes a benefit of approx. $0.05 per share related to settlement of claims in an escrow account related to the Northern Technical acquisition. Sales grew 2.8% to $553MM.

$DCI {{ '2016-11-18T19:37:02+0000' | timeago}} • Announcement

$DCI's BoD declared a regular quarterly cash dividend of 17.5 cents per share. The dividend is payable on Dec. 21, 2016 to shareholders of record on Dec. 6, 2016.

$DCI {{ '2016-09-08T15:16:34+0000' | timeago}} • Webcast

Laurence Alexander with Jefferies questions on the drivers of improved fixed cost absorption on GM. $DCI commented that it's due to the general cost containment & cost improvement across the board. There is no one particular area to point out. $DCI has had some restructuring to improve the cost structure, which has spread across all product lines.

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