August 27, 2012 / 11:31 AM / 5 years ago

Donaldson fourth-quarter profit rises

(Reuters) - Donaldson Co Inc (DCI.N), which makes filtration and exhaust control products, reported a higher quarterly profit as industrial products revenue rose 14 percent.

The company also forecast earnings between $1.82 and $1.96 per share on revenue of between $2.62 billion and $2.72 billion for fiscal year 2013.

    Fourth-quarter net income rose to $71.0 million, or 47 cents per share, from $65.8 million, or 42 cents per share, a year earlier.

    Sales rose 5 percent to $656.8 million. Industrial Products segment revenue rose to $258.3 million.

    Donaldson shares closed at $34.90 on the New York Stock Exchange on Friday.

    Reporting by Bijoy Koyitty in Bangalore; Editing by Joyjeet Das

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