Donaldson reorganizes into three reporting segments; recasts historical financials

DONALDSON Co INC

New segments: Mobile Solutions, Industrial Solutions, Life Sciences; effective Nov 1, 2022.
FY2022 recast: total net sales $3,306.6M, earnings before income taxes $438.4M.
Q1 FY2023 recast: net sales $847.3M, earnings before taxes $116.6M.
Mobile Solutions segment FY2022 net sales $2,126.5M; Life Sciences highest EBT margin at 23.3%.
Industrial Solutions FY2022 EBT margin 14.8%; Life Sciences Q1 FY2023 margin fell to 17.2% from 28.0% a year ago.

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