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) has unveiled its 'Filtration for a Thriving Future' sustainability strategy, setting ambitious goals for 2030. The company aims for a 42% reduction in Scope 1 and 2 greenhouse gas emissions from 2021 levels, alongside zero life-changing employee events annually. Additionally, Donaldson seeks to increase female representation in leadership roles to 35%, promote community engagement with a target of $13.5 million in charitable giving, and achieve year-over-year safety improvements. These initiatives reflect the company’s commitment to environmental, social, and governance (ESG) factors.
Donaldson Company (NYSE: DCI) hosted an Investor Day on April 4, 2023, in Bloomington, MN, to discuss its strategic vision and long-term financial objectives. The company outlined its balanced growth strategy, highlighting plans to strengthen its presence in existing markets and expand into new sectors, particularly life sciences. Fiscal 2026 targets include sales of $3.8 billion to $4.3 billion, with a compound annual growth rate (CAGR) of 4% to 8%. Operating margins are projected between 15.6% and 16.4%, and incremental margins are expected to be 20% to 24% during fiscal 2023 to fiscal 2026. The event was webcast for investors.
Donaldson Company, Inc. (NYSE: DCI) has unveiled its latest filtration innovation, the Alpha-Web® filtration media, aimed at improving hydraulic fluid cleanliness. This new technology can enhance hydraulic component life by up to 60 percent by reducing downtime and overall equipment ownership costs. Alpha-Web meets the rigorous ISO 23369 test standards, providing superior filtration efficiency compared to traditional synthetic media. Lab results indicate that Alpha-Web can achieve fluid cleanliness up to four times better than standard options.
Donaldson Company (DCI) reported a strong fiscal Q2 2023 with sales of $828.3 million, a 3.2% increase year-over-year. GAAP net earnings rose 19.8% to $86 million, leading to a GAAP EPS of $0.70, up 22.0%, and adjusted EPS of $0.75, up 32.0%. Gross margin improved to 34.3% due to pricing benefits, despite a 4.3% negative impact from currency translation. Donaldson anticipates a full-year GAAP EPS of $2.89 to $2.97, forecasting a sales increase of 2% to 6%. The Life Sciences segment faced a 15.6% decline, while Industrial Solutions saw a 12.8% increase. The Company expects ongoing margin improvement and double-digit earnings growth.
Donaldson Company, Inc. (NYSE: DCI) announced the acquisition of Isolere Bio, Inc., a biotechnology firm specializing in IsoTag™ reagents for biopharmaceutical purification. This strategic acquisition aims to enhance Donaldson's Life Sciences portfolio, focusing on the purification of viral vectors for cell and gene therapies. Isolere's innovative technology is expected to improve product quality and speed up delivery timelines for therapies. Donaldson plans to leverage synergies from previous acquisitions and its strong balance sheet to accelerate Isolere's growth.
Donaldson Company (NYSE: DCI) will host an Investor Day on April 4, 2023, at 8:00 a.m. CT in Bloomington, MN. CEO Tod Carpenter and CFO Scott Robinson will present the company's strategies, growth drivers, and financial objectives, along with initiatives in innovation and ESG. The event will feature formal presentations, Q&A sessions, and a luncheon with leadership. Registration for in-person attendance is required due to limited space. The Investor Day will also be webcasted on Donaldson’s Investor Relations website.
Founded in 1915, Donaldson specializes in filtration solutions across various industries.
Donaldson Company, Inc. (NYSE: DCI) announces a webcast for its Q2 2023 earnings conference call on March 1, 2023, at 9:00 a.m. CT. Investors can access the live webcast via the ‘Events & Presentations’ section on the Investor Relations website. The replay will begin at approximately 12:00 p.m. CT on the same day. Founded in 1915, Donaldson is a global leader in filtration solutions, offering products across various industries.
Donaldson Company (NYSE: DCI) announced a regular cash dividend of 23.0 cents per share, payable on February 27, 2023, to shareholders of record as of February 10, 2023. This marks Donaldson's 27th consecutive year of annual dividend increases and reflects its commitment to returning value to shareholders. The company has a longstanding history of paying quarterly cash dividends for 67 years and is included in the S&P High-Yield Dividend Aristocrats Index.
Donaldson Company (NYSE: DCI) has unveiled the Torit® Downflo® Ambient (DFA) weld fume extractor, catering to facilities with limited overhead space. This innovative solution allows for flexible installation in various workstation setups without the need for duct work. The DFA integrates advanced Ultra-Web® media technology, ensuring effective fume collection and long filter life. It includes an easy-to-maintain dust disposal system and tool-free access for filter changes. Donaldson aims to enhance welding operations with this product, contributing to a comprehensive portfolio for weld fume mitigation.
Donaldson Company, Inc. (NYSE: DCI) has launched Managed Filtration Services, a new consultative solution for industrial filtration customers. This service integrates Donaldson's proprietary iCue™ technology to provide comprehensive, condition-based maintenance and repair services for filtration equipment. It builds on previous offerings like the subscription-based iCue Connected Filtration Service and the iCue Monitor Service. The customizable plans help ensure optimal performance and compliance, enhancing Donaldson's goal of delivering best-in-class equipment and support in the industrial sector.
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