Compared to Estimates, Donaldson (DCI) Q3 Earnings: A Look at Key Metrics

Core Insights - Donaldson (DCI) reported revenue of $927.9 million for the quarter ended April 2024, marking a year-over-year increase of 6% and exceeding the Zacks Consensus Estimate by 0.90% [1] - The earnings per share (EPS) for the same period was $0.92, compared to $0.76 a year ago, representing a surprise of 9.52% over the consensus estimate of $0.84 [1] Revenue Performance - Net sales in the Industrial Products segment were $269.10 million, slightly below the average estimate of $272.66 million, reflecting a year-over-year change of +2.9% [3] - Mobile Solutions generated net sales of $585.20 million, surpassing the estimated $568.31 million [3] - The Life Sciences segment reported net sales of $73.60 million, which is a +24.3% change compared to the year-ago quarter, but below the estimate of $76.23 million [3] - Industrial Filtration Solutions within Industrial Solutions had net sales of $228.60 million, below the average estimate of $235.42 million [3] - Aerospace and Defense under Industrial Solutions reported net sales of $40.50 million, slightly above the estimate of $39.72 million [3] - Off-Road Mobile Solutions achieved net sales of $104.20 million, exceeding the estimate of $98.90 million [3] - On-Road Mobile Solutions reported net sales of $35.70 million, slightly below the estimate of $36.86 million [3] - Aftermarket Mobile Solutions had net sales of $445.30 million, surpassing the average estimate of $434.46 million [3] Earnings Performance - Earnings before income taxes for the Mobile Solutions segment were $107.90 million, exceeding the estimate of $98.42 million [3] - The Corporate and unallocated segment reported a loss before income taxes of -$14.70 million, worse than the estimate of -$9.55 million [3] - Life Sciences segment earnings before income taxes were $0.50 million, below the estimate of $2.36 million [3] - Industrial Products segment earnings before income taxes were $50.30 million, slightly above the estimate of $48.88 million [3] Stock Performance - Over the past month, Donaldson's shares have returned -4.4%, contrasting with the Zacks S&P 500 composite's +3.2% change [4] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [4]