earnings
confidence high
sentiment positive
materiality 0.85
Donaldson posts record Q3 sales $927.9M, EPS $0.92; raises FY2024 EPS guidance to $3.33-$3.39
DONALDSON Co INC
2024-Q3 EPS reported
$2.48
revenue$2,650,900,000
- Q3 sales up 6.0% YoY to $927.9M; net earnings $113.5M, EPS $0.92 (+21.7% YoY).
- FY2024 EPS guidance raised to $3.33-$3.39 from $3.24-$3.32; sales growth 4-6%.
- Life Sciences sales surged 24.2% YoY; Aftermarket +10.9%; Off-Road -9.8%.
- Gross margin 35.6% (+260 bps); operating margin 15.5% (+130 bps).
- Paid $90.3M in dividends and repurchased 1.5% of shares for $114M YTD.