Executives said they expect that pace of growth to continue in the new fiscal year. After sales grew 2 percent for the just-finished year, Donaldson executives said they expect growth in the 4 to 8 percent range for the new one.
In the latest period, Donaldson said filter sales grew at double-digit rates in both its big segments, engine and industrial. Donaldson noted a 9 percent decline in gas turbine shipments.
The company's stock rose 2.5 percent.
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