secwatch.observer — SEC 8-K summary
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Issuer:     DONALDSON Co INC (DCI)
CIK:        0000029644
Form:       8-K
Filed at:   2022-06-01T23:59:59+00:00
Accession:  0000029644-22-000059
Event type: earnings
Sentiment:  negative
Materiality: 0.72
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Donaldson Q3 net earnings down 1.8%; record sales $853M; lowers FY margin and FCF guidance
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- GAAP EPS $0.67 vs $0.66; net earnings $83.0M, down 1.8% YoY.
- Record sales $853.2M, up 11.5% (14.4% constant currency); Engine +13.2%, Industrial +7.8%.
- FY sales growth guidance raised to 14.5-16.5% from 11-15%; EPS narrowed to $2.67-2.73.
- Gross margin guide now down 1.5-2.0 ppts (vs prior -1.0 to -1.5); operating margin cut to 13.5-13.9%.
- Free cash flow conversion outlook slashed to 50-60% from 70-80% due to inventory and receivables.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/29644/000002964422000059/0000029644-22-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/29644/000002964422000059/dci-20220601.htm
  HTML page:      https://secwatch.observer/filing/0000029644-22-000059

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