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) announced that Tod Carpenter, the company's chairman, president, and CEO, will present at the Morgan Stanley 10th Annual Laguna Conference on September 15 at 2:00 p.m. PST. Investors and stakeholders can listen to the live webcast on the Investor Relations website. A replay will be available for about 90 days post-event. Founded in 1915, Donaldson remains a global leader in filtration technologies across various industries.
Donaldson Company reported a strong performance in fiscal 2022 with a 15.1% increase in fourth-quarter sales, totaling $890 million. Full-year sales rose 15.9%, achieving over $3 billion in sales. GAAP EPS was $0.81 for Q4 and $2.66 for the year, reflecting growth from fiscal 2021. The company projects fiscal 2023 sales growth of 1% to 5% and EPS between $2.91 and $3.07. Challenges from currency translation and geopolitical issues were acknowledged, alongside a positive outlook for demand and pricing stability.
Donaldson Company (NYSE: DCI) announced that its chairman and CEO, Tod Carpenter, will present at the Jefferies Industrials Conference on Tuesday, August 9, at 11:30 a.m. EDT. A live webcast of the presentation will be accessible via Donaldson's Investor Relations website, specifically under the 'Events & Presentations' section. Following the event, a replay of the webcast will be available for approximately 90 days. Donaldson is renowned for its advanced filtration solutions, serving diverse industries worldwide.
Donaldson Company, Inc. (NYSE: DCI) will host its fourth quarter and full-year fiscal 2022 earnings conference call on August 31, 2022, at 9:00 a.m. CDT. The live webcast can be accessed through the “Events & Presentations” section of Donaldson’s Investor Relations website.
A replay of the webcast will be available after 12:00 p.m. CDT on the same day.
Donaldson Company announced a regular cash dividend of 23.0 cents per share, payable on August 31, 2022, to shareholders of record on August 16, 2022. This marks Donaldson's 26th consecutive year of increasing annual dividends and maintains its position as a member of the S&P High-Yield Dividend Aristocrats Index. The company has paid cash dividends every quarter for 66 years, showcasing its commitment to returning income to shareholders.
Donaldson Company, Inc. (NYSE: DCI) has acquired Purilogics, LLC, a biotech firm specializing in membrane chromatography products, for an initial price of approximately $20 million plus potential earnout payments. This acquisition enhances Donaldson's life sciences portfolio, enabling faster and more efficient drug development and production. Purilogics' innovative technology offers significant competitive advantages in purifying biologics, including mRNA and monoclonal antibodies. The revenue from Purilogics will be integrated into Donaldson's Industrial Filtration Solutions segment.
Donaldson Company, a leading provider of filtration products and solutions, announced that Scott Robinson, CFO, will present at the Stifel 2022 Cross Sector Insight Conference on June 7 at 8:35 a.m. EDT. The event will provide insights into the company’s innovative filtration technologies. Interested participants can listen to the live webcast by visiting Donaldson’s Investor Relations website and clicking on the ‘listen to webcast’ option. A replay will be available for 90 days post-event.
Donaldson Company reported a record third-quarter 2022 sales of $853.2 million, up 11.5% from last year, despite a 1.8% decline in net earnings to $83.0 million. GAAP EPS rose slightly to $0.67. The company improved its fiscal 2022 sales guidance, now expecting a 14.5% to 16.5% increase. Despite strong demand, challenges such as inflation and supply chain constraints persist, impacting gross margin, which decreased to 31.5%. The company anticipates a slight decline in gross margins and operating margins for the full fiscal year.
Donaldson Company (NYSE:DCI) has announced the recipients of its 2021 patent and Inventor Awards, honoring employees for significant contributions in maintaining its leadership in the filtration industry. The Emerging Innovator Award was given to Kyle Sontag for process improvements, while Derek Jones received the Frank A. Donaldson Award for long-term engineering achievements. Additionally, the Richard M. Negri Manufacturing Excellence Award went to Jaromír Škapa, and the Technology Achievement Award recognized the Fuel-Water Separation technology, credited to a team of 12 employees. In 2021, Donaldson secured nearly 400 patents.
Donaldson Company, Inc. (NYSE: DCI) has declared a regular cash dividend of 23.0 cents per share, reflecting a 4.5% increase from the previous dividend of 22.0 cents. This increase marks the company's 26th consecutive year of annual dividend growth. The dividend is payable on June 24, 2022, to shareholders of record by June 9, 2022. Donaldson has consistently paid quarterly cash dividends for 66 years and is part of the S&P High-Yield Dividend Aristocrats Index.
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