Filtration systems and replacement parts conglomerate Donaldson Company (NYSE: DCI) released fiscal fourth-quarter 2019 earnings before markets opened for trading on Thursday. The global industrial concern, which manufactures its products at 43 plants worldwide, coupled a flattish top line in the fourth quarter with operating income that trailed the prior-year period by a few percentage points. A large swing in income tax expense dented net earnings, however. Let's walk through essential details from the last three months, and discuss management's rather cautious outlook on the coming fiscal year.
Note that all comparative numbers in this article are presented against those of the prior-year quarter.
Data source: Donaldson Company. EPS = earnings per share.