Donaldson (DCI) came out with quarterly earnings of $0.92 per share, beating the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $0.76 per share a year ago. These figures are adjusted for non- recurring items. This quarterly report represents an earnings surprise of 9.52%. A quarter ago, it was expected that this maker of filtration systems would post earnings of $0.73 per share when it actually produced earnings of $0.81, delivering a surprise of 10.96%. Over the last four quarter ...

Exhibit 99.1 MINNEAPOLIS (June 4, 2024) — Donaldson Company, Inc. (NYSE: DCI) (Donaldson or the Company), a global leader in technology-led filtration products and solutions, today reported third quarter fiscal 2024 generally accepted accounting principles (GAAP) net earnings of $113.5 million, compared with $93.7 million in fiscal 2023. Third quarter 2024 GAAP earnings per share (EPS) were $0.92 compared with 2023 earnings per share of $0.76. 1 Donaldson Reports Record Third Quarter Fiscal Year 2024 Sales ...

Core Insights - Donaldson Company, Inc. (DCI) has announced an 8% increase in its quarterly dividend to 27 cents per share, marking its 28th consecutive year of annual dividend increases [1][2] - The company has demonstrated strong financial health by utilizing free cash flow to enhance shareholder returns, with dividend payments totaling $60.3 million in the first half of fiscal 2024 [2][3] Financial Performance - DCI's dividend will be paid on June 28, 2024, to shareholders of record as of June 17, 2024 [1] - The company has consistently paid dividends for the last 68 years, with a previous increase of 8.7% to 25 cents per share in May 2023 [2] - In fiscal 2023, total dividend payments were $114.4 million, and share buybacks amounted to $141.8 million [3] Market Position - DCI currently holds a Zacks Rank of 2 (Buy) and is well-positioned for future growth due to its focus on innovation and strong demand in the industrial filtration solutions sector [4] - The company's shares have increased by 19.1% over the past six months, slightly trailing the industry growth of 21% [5] - The Zacks Consensus Estimate for DCI's fiscal 2024 earnings is $3.28 per share, stable from the previous 60 days [5]

Donaldson Company, Inc. (DCI) is scheduled to release third-quarter fiscal 2024 (ended Apr 30) results on Jun 6, before market open. The company has an impressive earnings surprise history, with the average surprise being 4.5%. In the last reported quarter, its earnings of 81 cents per share surpassed the Zacks Consensus Estimate of 73 cents by 11%. However, Donaldson is expected to put up a weak show in its upcoming results owing to softness in agriculture markets and weak end-market demand in China within ...

Wall Street analysts expect Donaldson (DCI) to post quarterly earnings of $0.84 per share in its upcoming report, which indicates a year-over-year increase of 10.5%. Revenues are expected to be $919.66 million, up 5% from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe. Prior to a company's earnings release, it is of utmo ...

According to our latest data, DCI has moved about 14.7% on a year-to-date basis. Meanwhile, stocks in the Industrial Products group have gained about 9.8% on average. This means that Donaldson is performing better than its sector in terms of year-to-date returns. One other Industrial Products stock that has outperformed the sector so far this year is DNOW (DNOW) . The stock is up 21.1% year-to-date. Investors interested in Industrial Products stocks should always be looking to find the best-performing compa ...

Donaldson Company, Inc. (DCI) recently collaborated with PolyPeptide Group AG to advance a production scale solvent recovery system that will be used in peptide purification. Based in Baar, Switzerland, PolyPeptide produces synthetic peptides and oligonucleotides used as active pharmaceutical ingredients. The company manufactures generic and other peptides, which are used in cosmetics production. Peptides are used to treat metabolic disorders, infectious diseases and orphan diseases. It also has other oncol ...

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Donaldson Company, Inc. (DCI) is gaining from its Industrial Solutions segment and accretive acquisitions despite increasing operating expenses.Let’s delve into the factors that make this current Zacks Rank #2 (Buy) company a smart investment choice at the moment.Business Strength: A diversified business structure with exposure in various geographies and end markets like construction, mining, aerospace, defense, and food & beverage is a boon for the company. The Industrial Solutions segment is supported by ...

Donaldson Company, Inc. (DCI) is well poised for growth courtesy of strength across its businesses, strategic acquisitions, and focus on improving the product line and operational excellence.Image Source: Zacks Investment ResearchThe company has a market capitalization of $8.7 billion. Over the past six months, it has gained 14.2% compared with the industry’s growth of 11.7%. DCI currently carries a Zacks Rank #2 (Buy)Let’s delve into the factors that have been aiding the firm for a while now.Business Stren ...