Welcome to our dedicated page for Donaldson Company news (Ticker: DCI), a resource for investors and traders seeking the latest updates and insights on Donaldson Company stock.
Donaldson Company, Inc. (symbol: DCI) is an industry leader in the design and manufacturing of filtration systems and replacement parts. Founded in 1915 by Frank A. Donaldson, the company revolutionized the filtration sector with the first successful air cleaner for internal combustion engines. Since its inception, Donaldson has been at the forefront of technology and innovation, continually advancing to solve complex filtration challenges.
Today, Donaldson employs over 13,000 people, including a dedicated team of 1,000 scientists and engineers. The company's cutting-edge filtration systems are utilized in a wide range of applications, from heavy-duty trucks on highways to computer disk drives that safeguard critical data.
Donaldson's operations are organized into three primary segments: Mobile Solutions, Industrial Solutions, and Life Sciences. The company's products serve diverse end markets, including construction, mining, agriculture, trucking, and industrial sectors. These segments collectively generated approximately $3.4 billion in revenue and $480 million in operating income in fiscal 2023.
As a member of the S&P MidCap 400 Index, Donaldson's shares are publicly traded on the New York Stock Exchange under the symbol DCI. The company's commitment to innovation and quality is evident in its broad array of filtration products, including air and liquid filtration systems, and dust, fume, and mist collectors.
Donaldson continues to expand its market presence and enhance its product offerings through strategic partnerships and ongoing research and development initiatives. The company remains focused on meeting the evolving needs of its global customer base, ensuring optimal performance and reliability of its filtration solutions.
For the latest updates and developments, including the company's financial performance and new projects, please refer to the latest news section below:
- Latest News: Source: Donaldson Company, Inc.
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Donaldson Company (NYSE: DCI) reported record first quarter fiscal 2025 results with sales of $900.1 million, up 6.4% year-over-year. GAAP earnings reached $99.0 million with EPS of $0.81, increasing 8.1% from prior year, while adjusted EPS was $0.83.
The company saw growth across all segments: Mobile Solutions up 6.0%, Industrial Solutions up 4.6%, and Life Sciences up 16.6%. Gross margin was 35.5%, slightly down from 35.6% in 2024. The company reaffirmed its fiscal 2025 outlook, projecting adjusted EPS between $3.56 and $3.72, with sales expected to increase 2-6% year-over-year.
Donaldson Company (NYSE: DCI) has declared a quarterly cash dividend of 27.0 cents per share, payable December 23, 2024, to shareholders of record on December 9, 2024. The company, a member of the S&P High-Yield Dividend Aristocrats Index, is set to mark its 29th consecutive year of annual dividend increases in 2024. Notably, Donaldson has maintained its tradition of paying quarterly cash dividends for 69 years. The company operates through three primary segments: Mobile Solutions, Industrial Solutions, and Life Sciences, with operations across six continents.
Donaldson Company (NYSE: DCI), a global filtration solutions provider, announced that Tod Carpenter, chairman, president, and CEO, will present at the Baird 2024 Global Industrial Conference in Chicago on Tuesday, November 12, at 1:45 p.m. CT. Founded in 1915, Donaldson operates through three primary segments: Mobile Solutions, Industrial Solutions, and Life Sciences, serving diverse industries with technology-led filtration products. The company employs skilled professionals across 140 locations on six continents, partnering with customers ranging from small businesses to major OEM brands.
Donaldson Company (NYSE: DCI), a global filtration solutions provider, announces its first quarter fiscal 2025 earnings conference call webcast scheduled for Tuesday, December 3, 2024, at 9:00 a.m. CT. The live webcast will be available through the 'Events & Presentations' section of Donaldson's Investor Relations website, with a replay accessible from approximately 12:00 p.m. CT the same day. Founded in 1915, Donaldson operates through three primary segments: Mobile Solutions, Industrial Solutions and Life Sciences, serving diverse industries from over 140 locations across six continents.
Donaldson Company (NYSE: DCI), a global filtration solutions provider, announced that Tod Carpenter, chairman, president, and CEO, will present at the Gabelli Funds 48th Annual Automotive Aftermarket Symposium on Monday, November 4th at 1:30 p.m. PDT. The presentation will be accessible via live webcast through Donaldson's Investor Relations website.
Founded in 1915, Donaldson operates through three primary segments: Mobile Solutions, Industrial Solutions, and Life Sciences. The company maintains a presence in over 140 locations across six continents, serving diverse industries from small businesses to major OEM brands with technology-led filtration solutions.
Donaldson Company (NYSE: DCI) announced that Chief Financial Officer Scott Robinson will retire effective October 31st, 2024. Brad Pogalz, currently vice president of global financial planning and analysis, will succeed him as CFO. Robinson will remain in an advisory role through December 6, 2024, to ensure a smooth transition. Pogalz, who has been with Donaldson for nine years, previously served as head of finance for EMEA and led investor relations, corporate communications, sustainability, and enterprise risk management.
Donaldson Company (NYSE: DCI) has announced its partnership with the 2026 Special Olympics USA Games to be held in Minneapolis, Minnesota. The filtration products provider will participate in key Games events and initiatives, host Special Olympic athletes at their Bloomington campus, and provide volunteer opportunities for employees. The partnership aligns with Donaldson's commitment to community impact and inclusion, joining other partners supporting the Games.
Donaldson Company, Inc. (NYSE: DCI) has announced the opening of a new distribution center in Olive Branch, Mississippi. This 200,000 square foot facility will strengthen Donaldson's ability to meet growing customer demand in the mobile solutions aftermarket business, serving sectors such as heavy-duty trucking, construction, mining, and agricultural equipment.
The new center will complement Donaldson's primary distribution center in Rensselaer, Indiana, enhancing overall capabilities and enabling more responsive customer service. This expansion reinforces Donaldson's commitment to operational excellence and maintaining industry-leading fill rates, ensuring customers receive products with speed and reliability to minimize downtime and maximize productivity.
Donaldson Company, Inc. (NYSE: DCI), a global leader in innovative filtration products and solutions, is expanding its presence in the food and beverage markets by launching filtration services in France, Germany, and Austria. This initiative aims to reinforce the company's commitment to product and process integrity, with Donaldson specialists providing on-site support and tailored solutions.
The new services include sterile air and liquid filter integrity testing, equipment calibration, compressed air quality measurement (ISO 8573), and comprehensive filter management. Veli Kalayci, Donaldson's General Manager of Global Food and Beverage, emphasized that this approach combines global expertise with a strong local presence, supported by over 1,000 engineers, scientists, and technical specialists worldwide.
This expansion builds on Donaldson's century-long legacy of delivering reliable filtration services to industrial markets and is expected to set the stage for further expansion across Europe.
Donaldson Company (NYSE: DCI), a global leader in filtration products and solutions, announced that CFO Scott Robinson will present at the CL King 22nd Annual Best Ideas Conference on September 16, 2024, at 12:30 p.m. ET. The presentation will be available via live webcast on Donaldson's Investor Relations website, with replays accessible for approximately 90 days after the event.
Founded in 1915, Donaldson operates in over 140 locations across six continents, serving diverse industries through three primary segments: Mobile Solutions, Industrial Solutions, and Life Sciences. The company partners with customers ranging from small businesses to major OEM brands, providing innovative filtration solutions for complex challenges.
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