Donaldson Expects FY24 Sales Growth Of 3% - 7%, EPS Of $3.14 - $3.30 Vs. $3.13 Est.
Portfolio Pulse from Benzinga Newsdesk
Donaldson Company, Inc. (DCI) has projected its FY24 sales growth to be between 3% and 7%, with an EPS of $3.14 - $3.30, compared to an estimate of $3.13. The company expects growth in mobile, industrial, and life sciences sales, while aerospace and defense sales are projected to decrease. Operating margin is forecasted to be between 14.7% and 15.3%, and capital expenditures are expected to be between $95 million and $115 million. The company also plans to repurchase approximately 2% of its shares outstanding.
August 29, 2023 | 10:06 am
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Donaldson Company's FY24 sales growth and EPS projections are higher than estimates, which could positively impact the stock. However, the projected decrease in aerospace and defense sales could offset this impact.
Donaldson's projected sales growth and EPS for FY24 are higher than estimates, which is generally a positive signal for investors and could drive the stock price up. However, the projected decrease in aerospace and defense sales could be a concern for investors and may offset the positive impact.
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