By Nicholas G. Miller
Donaldson Company reported higher second-quarter sales, boosted by growth in its life sciences business.
The company posted net income of $92.5 million, or 78 cents a share, down from $95.9 million, or 79 cents a share, the year prior.
Adjusted earnings were 83 cents a share. Analysts polled by FactSet expected 89 cents a share.
Sales rose 3% to $896.3 million. Wall Street expected $898.7 million.
Life sciences sales increased 16% as a result of strong new equipment sales in food and beverage and disk drive.
Industrial solutions sales rose 2.4%, while mobile solutions sales increased 1.6%. In both segments, pricing and currency translation offset volume declines.
The company lowered its fiscal 2026 adjusted earnings guidance to $3.93 to $4.01 a share, compared with its previous forecast of $3.95 to $4.11 a share.
Donaldson raised its life sciences sales growth guidance to 5% to 9%, above its previous outlook of 1% to 5%.
Analysts see fiscal 2026 adjusted earnings of $4.05 a share.
Write to Nicholas G. Miller at nicholas.miller@wsj.com.
(END) Dow Jones Newswires
February 26, 2026 06:23 ET (11:23 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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