Compressed Air Best Practices - October 2008 - (Page 62) | 10/08 Compressed Air Industry AUTOMOTI TRA IT M TIVE RANSIT T | The intent of this column is to provide industry watchers with publicly held information, on publicly held companies, involved with the sub-industry of compressed air. It is not the intent of the column to provide any opinions or recommendations related to stock valuations. All information gathered in this column was on September 8, 2008. Minneapolis, September 2, 2008 — Donaldson Company, Inc. (NYSE: DCI) announced fourth quarter diluted earnings per share (“EPS”) of $0.60, a 13% increase from $0.53 in the prior year. Net income was $48.6 million, up 12% from $43.3 million last year. Sales were $607.4 million, a 16% increase from $524.7 million in the fourth quarter of 2007. For the year, EPS was $2.12, an increase of 16% from $1.83 last year. Net income increased 14% to $172.0 million versus $150.7 million last year. Sales were $2.2 billion, up 16% from $1.9 billion in fiscal 2007. “We are very pleased to announce that we have achieved our 19th consecutive year of record earnings,” said Bill Cook, Chairman, President and CEO. “We also set a new sales record in the fourth quarter, exceeding $600 million for the first time, and a new sales record for the year as we delivered our first $2 billion sales year. Our sales strength was broad-based again this quarter as Engine Products were up 13% and Industrial Products were up 20%. Geographically, sales grew 24% in Europe and 17% in Asia, driven by the combination of organic sales volume growth and the benefits of the stronger foreign currencies, and sales grew 9% in NAFTA.” 62 2 www .airbestp ractices.com w t http://www.airbestpractices.com
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