Donaldson Q2 FY2024: record sales $876.7M (+5.8%), EPS $0.81 (+15.9%), raises FY guidance

DONALDSON Co INC

2024-Q2 EPS reported $1.56 revenue$1,723,000,000

GAAP EPS $0.81 vs $0.70 prior year; adjusted EPS up 8.0% to $0.81.
Mobile Solutions sales +5.3% (Aftermarket +11.3%); Industrial +6.9% (A&D +12.4%); Life Sciences +6.0%.
Raised FY2024 EPS guidance to $3.24-$3.32 (from $3.14-$3.30); operating margin forecast 15.0%-15.4%.
Gross margin 35.2% (+90 bps); operating margin 14.8% (+80 bps); free cash flow conversion 95%-105%.
Year-to-date paid $60.3M dividends and repurchased 1.2% of shares for $87.1M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

DONALDSON Co INC reported fiscal 2024 results: EPS between $3.24 and $3.32. Guidance raised.

Period: fiscal 2024
EPS: between $3.24 and $3.32
Guidance: raised
Result: guidance update

Exact text from the filing

Full-year EPS is forecast to be between $3.24 and $3.32, up from prior guidance of between $3.14 and $3.30 and compared with fiscal 2023 GAAP and adjusted EPS of $2.90 and $3.04, respectively.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

DONALDSON Co INC reported the quarter ended January 31, 2024 results: revenue $876.7 million, net income $98.7 million, EPS $0.81. Guidance raised.

Period: the quarter ended January 31, 2024
Revenue: $876.7 million
Net income: $98.7 million
EPS: $0.81
Guidance: raised
Result: reported results

Exact text from the filing

Second quarter sales were $876.7 million, up 5.8% compared with 2023 EPS of $0.81 up 15.9% versus 2023 GAAP EPS and up 8.0% versus 2023 adjusted EPS Raising fiscal 2024 operating margin and EPS guidance On track to deliver record full-year sales and EPS MINNEAPOLIS (February 28, 2024) — Donaldson Company, Inc. (NYSE: DCI) (Donaldson or the Company), a global leader in technology-led filtration products and solutions, today reported second quarter fiscal 2024 generally accepted accounting principles (GAAP) net earnings of $98.7 million, compared with $86.0 million in fiscal 2023.

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Source: SEC EDGAR

accession 0000029644-24-000024

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