Donaldson Company, Inc. (NYSE:DCI) shares are trading higher after the company reported second-quarter results.
Sales fell 0.8% year over year to $870.0 million, missing the consensus of $908.33 million, due to a 170 basis point negative impact from currency translation.
By Segment, Mobile Solutions sales declined 0.5% Y/Y, with Aftermarket sales climbing 4.0% Y/Y, aided by strong demand in the OEM channel.
Industrial Filtration Solutions sales fell by 7.5% due to slower capital expenditure investments and the timing of Power Generation projects, while Aerospace and Defense sales rose 18.7% Y/Y, led by strong demand in the Defense sector.
Life Sciences segment sales increased 9.2%, led by higher volume growth in Disk Drive.
Gross margin remained flat Y/Y at 35.2% …
