earnings
confidence high
sentiment positive
materiality 0.75
Donaldson reports record Q2 sales $802.5M, raises FY2022 EPS and sales guidance
DONALDSON Co INC
2022-Q2 EPS reported
$1.18
revenue$1,563,400,000
- GAAP EPS $0.57 vs $0.44 prior year; adjusted EPS up 9.8% to $0.57 from $0.52.
- Record Q2 sales $802.5M, up 18.2% YoY (20.8% constant currency); Engine +19.8%, Industrial +14.6%.
- Gross margin fell to 31.1% from 33.2%; inflation pressures from raw materials, freight, labor.
- FY2022 sales guidance raised to +11-15% (prev +8-12%); EPS guidance raised to $2.66-$2.76 (prev $2.57-$2.73).