Donaldson's stock plummeted 8.54% in pre-market trading following the release of its second-quarter fiscal 2026 results, which fell short of analyst expectations.
The filtration products maker reported adjusted earnings per share of $0.83, missing the consensus estimate of $0.89. Quarterly sales reached $896.3 million, slightly below the expected $898.7 million. While sales grew 3% year-over-year, the increase was attributed to favorable currency translation and pricing benefits, which were partially offset by volume declines.
Furthermore, the company lowered its fiscal 2026 adjusted EPS guidance to a range of $3.93 to $4.01, down from its previous outlook of $3.95 to $4.11. This revised guidance also falls below the FactSet consensus estimate of $4.05, contributing to negative investor sentiment during the pre-market session.
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