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Donaldson Company, Inc.

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Donaldson has an impressive earnings surprise history, having beaten estimates thrice in the trailing four quarters. Donaldson’s Engine Products segment has been showing great momentum, benefiting from stabilization in market conditions and robust sales of replacement parts. The company’s strategy of winning first-fit programs, aftermarket growth, constant geographic expansion and fostering innovative technology are likely to act as growth catalysts going forward. However, Donaldson’s fourth-quarter fiscal 2017 adjusted earnings missed the Zacks Consensus Estimate by 3.8%, ending the company’s earnings beat streak of three quarters. The sales continue to be hurt by prolonged weakness in the gas turbine market. Poor performance from Aerospace and Defense is making matters worse. Further, issues like weakness in key markets, including agriculture and construction business are anticipated to act as significant headwinds.


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