secwatch.observer — SEC 8-K summary
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Issuer:     DONALDSON Co INC (DCI)
CIK:        0000029644
Form:       8-K
Filed at:   2021-12-01T23:59:59+00:00
Accession:  0000029644-21-000044
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Donaldson posts record Q1 sales $760.9M (+19.5% YoY), raises FY2022 guidance
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- Q1 EPS $0.61 (+26.1% YoY); net earnings $77.1M (+24.4%).
- Raised FY2022 guidance: sales growth 8-12% (prev 5-10%), EPS $2.57-$2.73 (prev $2.50-$2.66).
- Engine Products sales +20.9% driven by Off-Road +44.9%; Industrial +16.6% led by IFS +22.0%.
- Gross margin declined to 33.8% from 35.0% due to inflation; expected down 0.5-1.0ppt for FY.
- Share repurchases of $102.9M in Q1 (1.3% of shares); FY capex guidance reduced to $90-$110M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/29644/000002964421000044/0000029644-21-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/29644/000002964421000044/dci-20211201.htm
  HTML page:      https://secwatch.observer/filing/0000029644-21-000044

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