Donaldson: Fiscal Q4 Earnings Snapshot

MINNEAPOLIS (AP) — MINNEAPOLIS (AP) — Donaldson Co. (DCI) on Wednesday reported fiscal fourth-quarter profit of $129.3 million.

On a per-share basis, the Minneapolis-based company said it had net income of $1.10. Earnings, adjusted for non-recurring costs and restructuring costs, came to $1.15 per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.12 per share.

The maker of filtration systems posted revenue of $1.06 billion in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $1.04 billion.

For the year, the company reported profit of $453.8 million, or $3.85 per share. Revenue was reported as $3.89 billion.

Donaldson expects full-year earnings to be $4.22 to $4.38 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DCI at https://www.zacks.com/ap/DCI