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 reported a robust performance for the first quarter of 2023 with sales rising 11.4% to $847.3 million compared to the same period last year. GAAP net earnings reached $87.2 million, marking a 13.1% increase. GAAP EPS increased by 15.3% to $0.70, while adjusted EPS rose 22.9% to $0.75. The company reaffirmed its fiscal 2023 outlook, projecting record sales and earnings driven by strong demand and pricing, despite potential challenges from currency fluctuations and economic uncertainties.
Donaldson Company (NYSE: DCI) announced that CEO Tod Carpenter will present at the Credit Suisse 10th Annual Industrials Conference on December 1, 2022, at 10:15 a.m. EST. Investors can listen to the live webcast on Donaldson’s Investor Relations website under the 'Events & Presentations' section. A replay will be accessible for 90 days post-event. Founded in 1915, Donaldson is a leader in filtration solutions, serving various industries globally, dedicated to addressing complex filtration challenges for a cleaner world.
Donaldson Company, Inc. (NYSE: DCI) announced a regular cash dividend of 23.0 cents per share, payable on December 20, 2022, to shareholders of record by December 5, 2022. This marks the 27th consecutive year of annual dividend increases, showcasing the company's commitment to returning value to its shareholders. Donaldson is part of the S&P High-Yield Dividend Aristocrats Index and has a history of paying dividends for 67 years.
Winmark Corporation (NASDAQ: WINA) has appointed Amy C. Becker to its Board of Directors. Becker, currently the Chief Legal Officer at Donaldson Company (NYSE: DCI), brings extensive experience in corporate governance and legal strategy. Winmark, a leader in franchise business focused on sustainability, operates multiple resale franchises including Plato’s Closet® and Once Upon A Child®. As of September 24, 2022, Winmark had 1,291 franchises and 2,800 available territories, reflecting its ongoing growth and commitment to providing opportunities for entrepreneurial ventures.
Solaris Biotech has partnered with Wildtype to develop advanced bioreactors aimed at enhancing large-scale production of cultivated seafood. This collaboration responds to the growing global demand for seafood, projected to increase by 23 million tons by 2030. Solaris, part of Donaldson Company (NYSE: DCI), specializes in bioreactor technology, positioning itself at the forefront of the alternative proteins market. Both companies aim to make cultivated seafood more affordable while providing sustainable options that avoid contaminants found in traditional fish.
Donaldson Company, a leader in filtration solutions, announced that Tod Carpenter, its chairman, president, and CEO, will present at the Baird 2022 Global Industrial Conference. The event will take place in Chicago, Illinois, on Tuesday, November 8, starting at 10:15 a.m. CST. Founded in 1915, Donaldson provides innovative filtration products across diverse industries and advanced markets. The company aims to tackle complex filtration challenges globally, emphasizing its commitment to a Cleaner World.
Donaldson Company, Inc. (NYSE: DCI) will host a webcast for its first quarter 2023 earnings conference call on November 30, 2022, at 9:00 a.m. CST. Participants can access the live broadcast on the company’s Investor Relations website. The replay will be available after 12:00 p.m. CST on the same day. Founded in 1915, Donaldson is a global leader in filtration technology, providing innovative solutions across various industries worldwide.
Donaldson Company (NYSE: DCI) will present virtually at the Gabelli Funds 46th Annual Automotive Aftermarket Symposium on October 31 at 1:00 p.m. PDT. CEO Tod Carpenter will lead the presentation, which can be accessed via a live webcast on Donaldson's Investor Relations website.
Founded in 1915, Donaldson is a leader in filtration products, operating over 140 locations globally to address diverse filtration challenges across various industries.
Donaldson Company (NYSE: DCI) has expanded its iCue™ Connected Filtration Service, enabling remote monitoring of customer dust collectors by product specialists. This service enhances operational insights through a web-based dashboard, reducing unplanned downtime and supporting efficient maintenance. The new iCue Monitor Service allows specialists to respond quickly to alerts from dust collectors, offering recommendations for maintenance or urgent solutions. This innovative approach combines advanced connectivity with over a century of industry experience, promising improved response times and operational efficiency for clients.
Donaldson Company, Inc. (NYSE: DCI) announced new leadership appointments as part of a major organizational redesign aimed at enhancing its service to end market customers. Effective November 1, 2022, the company will shift away from a matrixed structure to establish a more streamlined approach. Key appointments include Guillermo Briseño as president of Industrial Solutions and Andrew C. Dahlgren as president of Life Sciences. The redesign aims to align business models and resources with market needs while ensuring accountability for performance.
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