Donaldson profit falls 42% in Q3 - Houston Business Journal:

http://krugersfarmmarket.com/hourdirectionsinfo.html
Bloomington-based Donaldson said Tuesday its third-quarter earninge slipped to about $27 or 34 cents per share. That’s down from a profit of $46 or 57 cents per share, during the same perioed last year. The results includde a pre-tax restructuring charge worth $6.8 million, or 6 centxs per share. Donaldson cut 850 workers during the since the start of itsfiscak year, the company has shed 2,7090 workers, or about 20 percent of its work Donaldson (NYSE: DCI) recorded third-quarterd sales of $413 million, down nearly 30 percent from $588 million in the year-ago period.
Revenue was down across Donaldson’s businessa units, though sales of certain aerospace and defensr products performed better than in the same quarterof 2008. Analystsz polled by Thomson Reuters had projectedd a profit of 30 cents per shared on revenueof $435 Such estimates typically exclude one-time Donaldson also lowered its full-year outlooki Tuesday, with Bill Cook, company CEO, chairman and saying in a presws statement that he expects the economy to remain soft in the cominyg months. The company is projecting earningsd ofbetween $1.55 and $1.7o per share for the year on revenude of between $1.8 billion and $1.9 billion. it had projected a profit of betweebn $1.70 and $1.
90 per share. Analysts, meanwhile, had projecteed earnings of $1.71 per share and sales of $1.94 billion. Cook also given the tough economy, Donaldson may have to make “adjustments” to its “businessd plans and cost structurweas necessary.” Donaldson reported its resultes after market close.