Donaldson Reports Record Second Quarter Results.

Extract

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Donaldson Reports Record Second Quarter Results.

23 percent sales increase and strong operating margin deliver EPS of $0.56

MINNEAPOLIS -- Donaldson Company, Inc. (NYSE: DCI) announced its financial results for its fiscal 2011 second quarter. Summarized financial results are as follows (dollars in millions, except per share data):

Three Months Ended

Six Months Ended

January 31

January 31

2011

2010

Change

2011

2010

Change

Net sales

$537

$436

23%

$1,074

$864

24%

Operating income

67

39

73%

142

91

55%

Net earnings

45

31

44%

98

66

49%

Diluted EPS

$0.56

$0.39

44%

$1.24

$0.83

49%

"We delivered a better quarter than anticipated as we established second quarter records in sales, operating margin, and EPS. We experienced a continued strengthening in many of our end markets and all of our regions, and our cost structure has continued to improve from our ...

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