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Donaldson Company Reports Q2 Earnings Miss and Revenue Drop

Donaldson Company Inc. reported second quarter earnings that fell short of expectations, with a decrease in EPS and revenue. The company's earnings totaled $95.9 million, or $0.79 per share, missing analysts' expectations.

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AI Rating:   4

Earnings Per Share (EPS): Donaldson Company reported an EPS of $0.79 for the second quarter, down from $0.81 the previous year. This is a decline, and it also misses the expected EPS of $0.85 based on analysts’ estimates.

Revenue Growth: The company's revenue for the quarter was $870.0 million, which is a 0.8% decrease from the $876.7 million reported last year. This contraction suggests a struggle in generating sales relative to the previous period.

Overall Performance: The adjusted earnings, which exclude special items, came to $101.0 million or $0.83 per share. While adjusted earnings are higher than reported EPS, they still fall short of the consensus estimate, indicating that the company's operational performance may not align with market expectations.

Guidance: The guidance provided for the full year EPS ranges from $3.60 to $3.68, which may provide some reassurance for investors looking for a recovery in the latter part of the year.