earnings
confidence high
sentiment positive
materiality 0.75
Donaldson reports record Q1 FY2023 sales of $847.3M, adjusted EPS $0.75 (+22.9% YoY)
DONALDSON Co INC
2023-Q1 EPS reported
$0.70
revenue$847,300,000
- GAAP EPS $0.70 (+15.3% YoY); net earnings $87.2M, up 13.1% from prior year.
- Engine Products sales +14.7% (constant currency +22.1%); Aerospace & Defense +22.0%.
- Industrial Products sales +3.9% (constant currency +12.3%); Gas Turbine Systems +53.3%.
- Reiterates FY2023 adjusted EPS guidance of $2.91–$3.07 and sales growth of 1–5%.
- Recorded $7.6M restructuring charges for organizational redesign; effective Nov 1 segments realigned.