Donaldson Company's stock surged 5.37% in pre-market trading following the release of its fiscal third-quarter results, which significantly exceeded analyst expectations on both earnings and revenue.
The filtration products maker reported adjusted earnings per share of $1.06 for the quarter, beating the FactSet consensus estimate of $1.05. Revenue rose 5.8% year-over-year to $995.1 million, surpassing the $973.6 million analyst forecast. Net earnings more than doubled to $118.1 million compared to the same period last year.
Investors responded positively as the company also narrowed and raised its full-year outlook. Donaldson now expects fiscal 2026 adjusted EPS in the range of $3.94 to $4.01, representing 7% to 9% growth over fiscal 2025. The company improved its organic sales growth guidance to 3%-5% from the previous range of 1%-5%, citing strong performance in its Mobile and Life Sciences segments which offset near-term headwinds in the Industrial segment.
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