earnings
confidence high
sentiment positive
materiality 0.65
Donaldson Q1 FY2024 EPS $0.75 (+6.8% YoY); sales flat at $846.3M; record FY2024 outlook reaffirmed
DONALDSON Co INC
2024-Q1 EPS reported
$0.75
revenue$846,300,000
- GAAP EPS $0.75, up 6.8% vs $0.70 last year; adjusted EPS flat at $0.75.
- Gross margin 35.6% (+170 bps YoY) on pricing, deflation, and mix.
- Industrial Solutions sales +7.2% (IFS +7.4%, AeroDef +5.9%); Mobile -2.7% (Off-Road -8.6%).
- FY2024 guidance confirmed: EPS $3.14-$3.30, sales +3-7%, operating margin 14.7-15.3%.
- Repurchased 0.7% of shares for $53.7M; paid $30.2M in dividends.