Donaldson Reports Record Sales and Earnings

By Tamara Parker • Wednesday, August 28 15:16 • Permanent Link

Donaldson Company, Inc. has reported record sales and earnings for the fourth quarter and fiscal year 2024. In the fourth quarter of fiscal 2024, sales were $935 million, marking a 6.4% increase from the same period in fiscal 2023. The GAAP earnings per share (EPS) for the fourth quarter were $0.90, reflecting a 20.0% increase from the fourth quarter of fiscal 2023. Additionally, the adjusted EPS for the same period was $0.94.

For the full fiscal year 2024, sales reached $3.6 billion, representing a 4.5% increase from fiscal year 2023. The GAAP EPS for the full year was $3.38, marking a 16.6% increase from the previous fiscal year. The adjusted EPS for the full fiscal year 2024 was $3.42.

During fiscal 2024, Donaldson returned approximately $82 million to shareholders through share repurchases and dividends in the fourth quarter, and approximately $286 million for the full year.

Looking ahead to fiscal 2025, the company expects sales growth of 2% to 6% and adjusted EPS of $3.56 to $3.72.

The market has reacted to these announcements by moving the company's shares -3.2% to a price of $72.02. For more information, read the company's full 8-K submission here.

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