Donaldson Co

Latest Results (21.12.2024):

Record Sales and Earnings

Donaldson Co reported record sales and earnings for the fourth quarter of fiscal 2024, with sales reaching $935 million, marking a 6.4% increase compared to the same period in fiscal 2023. The company achieved a GAAP EPS of $0.90, a 20% increase, and an adjusted EPS of $0.94. This performance highlights the company's strong market position and effective cost management strategies.

Full Year Financial Performance

For the full fiscal year 2024, Donaldson Co reported sales of $3.6 billion, a 4.5% increase from the previous year. The company's GAAP EPS for the year was $3.38, up 16.6%, with an adjusted EPS of $3.42. These results reflect the company's ability to drive growth and profitability across its diverse business segments.

Shareholder Returns

In fiscal 2024, Donaldson Co returned approximately $286 million to shareholders through share repurchases and dividends. This included $122.8 million in dividends and the repurchase of 2.0% of its outstanding shares for $163.3 million, demonstrating the company's commitment to delivering value to its shareholders.

Segment Performance

Donaldson Co's Mobile Solutions segment saw a 6.1% sales increase, driven by strong Aftermarket sales, despite declines in Off-Road and On-Road sales. The Industrial Solutions segment experienced a 3.9% sales increase, with Aerospace and Defense sales rising 39.7%. The Life Sciences segment reported a significant 20.7% sales growth, highlighting robust demand in Disk Drive and Food and Beverage markets.

Fiscal 2025 Outlook

Looking ahead, Donaldson Co expects fiscal 2025 sales growth of 2% to 6% and adjusted EPS between $3.56 and $3.72. The company anticipates continued strength in its Mobile and Industrial segments, with Life Sciences sales projected to grow in the low-double digits. Donaldson Co remains focused on executing its strategic initiatives to drive long-term profitable growth.