Donaldson profit falls 42% in Q3 - Puget Sound Business Journal (Seattle):

http://www.alfaromeoauto.com/air-filters-2
Bloomington-based Donaldson said Tuesdag its third-quarter earnings slipped to about $27 million, or 34 cent s per share. That’s down from a profit of $46 or 57 cents per share, during the same periodc last year. The results include a pre-tax restructuring charge worth $6.8 million, or 6 cents per Donaldson cut 850 workers duringthe quarter; sinced the start of its fiscal the company has shed 2,700 or about 20 percent of its work Donaldson (NYSE: DCI) recorded third-quarter sales of $413 down nearly 30 percent from $588 millionn in the year-ago period.
Revenues was down across Donaldson’s business units, thouggh sales of certain aerospace and defens products performed better than in the same quarterof 2008. Analyst polled by Thomson Reuters had projected a profig of 30 cents per share on revenueof $435 Such estimates typically exclude one-time charges. Donaldsonj also lowered its full-year outlook with Bill Cook, company CEO, chairman and president, saying in a pres statement that he expects the economy to remain soft in thecomin months. The company is projecting earnings ofbetween $1.55 and $1.70 per share for the year on revenued of between $1.8 billion and $1.9 Previously, it had projected a profit of betweej $1.70 and $1.
90 per share. Analysts, had projected earnings of $1.71 per share and sales of $1.94 billion. Cook also given the tough Donaldson may have tomake “adjustments” to its “businesxs plans and cost structurew as necessary.” Donaldson reported its results after market close.