Welcome to our dedicated page for Donaldson news (Ticker: DCI), a resource for investors and traders seeking the latest updates and insights on Donaldson 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, 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.
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.
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