UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Current Report Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 23, 2012
DONALDSON COMPANY, INC.
(Exact name of registrant as specified in its charter)
Delaware | 1-7891 | 41-0222640 |
(State or other jurisdiction of incorporation) |
(Commission file number) | (I.R.S. Employer Identification No.) |
1400 West 94th Street Minneapolis, MN 55431 |
||
(Address of principal executive offices) (Zip Code) | ||
(952) 887-3131 | ||
Registrants telephone number, including area code | ||
Not Applicable | ||
(Former name or former address, if changed since last report) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
On October 23, 2012, Donaldson Company, Inc. issued a press release updating its outlook for the fiscal year ending July 31, 2013. A copy of the press release is furnished herewith as Exhibit 99.1.
The information in the Form 8-K and the Exhibit attached hereto shall not be deemed to be filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.
(c) Exhibits.
99.1 | Press Release dated October 23, 2012 updating its outlook for the fiscal year ending July 31, 2013 of Donaldson Company, Inc. |
Exhibit No. | Description | ||||
---|---|---|---|---|---|
99.1 | Press Release dated October 23, 2012 updating its outlook for the fiscal year ending July 31, 2013 of Donaldson Company, Inc. |
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
Date: October 24, 2012
DONALDSON COMPANY, INC. | ||||||
By: | /s/ Norman C. Linnell | |||||
Name: Norman C. Linnell | ||||||
Title: Vice President, General Counsel and | ||||||
Secretary |
Exhibit 99.1
FOR IMMEDIATE RELEASE: | FOR FURTHER INFORMATION: |
Tuesday, October 23, 2012 | Rich Sheffer (952) 887-3753 |
DONALDSON UPDATES FISCAL 2013 OUTLOOK
MINNEAPOLIS (October 23, 2012) -- Donaldson Company, Inc. (NYSE:DCI) announced today that it has updated its outlook for FY13.
FY13 Outlook
We are changing our sales and earnings outlook as conditions in many of our end markets have recently weakened. Many of our Engine OEM and Disk Drive Customers have lowered their production levels. In addition, some large Gas Turbine project shipments have moved from our first quarter into our second and third quarters. As a result, we now forecast our first quarter FY13 sales to decline between 2 and 6 percent from the prior year’s first quarter and EPS to be between $0.30 and $0.36 per share. We anticipate returning to growth beginning in our second quarter as conditions are forecasted to begin slowly improving in many end markets, and we anticipate a strong quarter for our Gas Turbine project shipments.
Engine Products: We now forecast FY13 sales to be equal to FY12, including the negative impact of foreign currency.
Donaldson Company, Inc.
October 23, 2012
Page 2
Industrial Products: We forecast sales to increase 5 to 11 percent over FY12, including the negative impact of foreign currency.
The Company will conduct a call with analysts to discuss the revised outlook at 10:00 a.m. CT on Wednesday, October 24th. The Company plans to release its FY13 first quarter results pre-market on Wednesday, November 21st and conduct its earnings call at 10:00 a.m. CT that morning. Dial-in information will be emailed separately to institutional investors for both calls. To listen to a webcast of either of these calls, please visit the Investors page at www.donaldson.com.
About Donaldson Company, Inc.
Donaldson is a leading worldwide provider of filtration systems that improve people’s lives, enhance our Customers’ equipment performance, and protect our environment. We are a technology-driven Company committed to satisfying our Customers’ needs for filtration solutions through innovative research and development, application expertise, and global presence. Our approximately 13,200 employees contribute to the Company’s success by supporting our Customers at our more than 100 sales, manufacturing, and distribution locations around the world.
Donaldson is a member of the S&P MidCap 400 and Russell 1000 indices, and our shares trade on the NYSE under the symbol DCI. Additional information is available at www.donaldson.com.
SAFE HARBOR STATEMENT UNDER THE SECURITIES REFORM ACT OF 1995
The Company desires to take advantage of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 (the “Act”) and is making this cautionary statement in connection with such safe harbor legislation. This announcement contains forward-looking statements, including forecasts, plans, and projections relating to our business and financial performance and global economic conditions, which involve uncertainties that could materially impact results.
The Company wishes to caution investors that any forward-looking statements are subject to uncertainties and other risk factors that could cause actual results to differ materially from such statements, including but not limited to risks associated with: world economic factors and the ongoing economic uncertainty, reduced demand for hard disk drive products with the increased use of flash memory, the potential for some Customers to increase their reliance on their own filtration capabilities, currency fluctuations, commodity prices, political factors, the Company’s international operations, highly competitive markets, governmental laws and regulations, including the impact of various economic stimulus and financial reform measures, the implementation of our new information technology systems, potential global events resulting in market instability including financial bailouts and defaults of sovereign nations, military and terrorist activities, health outbreaks, natural disasters, and other factors included in our Annual and Quarterly Reports. We undertake no obligation to publicly update or revise any forward-looking statements.
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