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Donaldson Inc (NYSE: DCI), a global leader in filtration systems and solutions, provides critical updates through this dedicated news hub. Investors and industry professionals will find authoritative coverage of corporate developments, including earnings announcements, product innovations, and strategic partnerships.
This resource serves as a comprehensive repository for all official communications and market-relevant updates. Users can expect timely information on quarterly financial results, new filtration technology launches, and sustainability initiatives, along with analysis of operational milestones across DCI's mobile, industrial, and life sciences divisions.
Key updates include developments in advanced air/liquid purification systems, industrial equipment efficiency improvements, and cross-sector engineering collaborations. The curated content enables stakeholders to track DCI's progress in addressing complex filtration challenges through its patented technologies.
Bookmark this page for direct access to verified information about Donaldson's market leadership in engineered filtration solutions. Check regularly for updates that impact long-term value creation in essential industries from transportation to pharmaceuticals.
Donaldson Company reported a significant 18.2% increase in second quarter 2022 sales to $802.5 million, setting a quarterly record. Net earnings rose 27.7% to $71.8 million, with GAAP EPS climbing 30.4% to $0.57. Adjusted EPS increased 9.8% from $0.52 in 2021. The company raised its fiscal 2022 sales guidance to a growth of 11% to 15%, reflecting strong performance across segments, particularly in Aerospace and Defense. Despite challenges from inflation and supply chain issues, Donaldson's focus on strategic pricing and cost management remains a priority.
Donaldson Company (NYSE: DCI) will host a webcast to discuss its second quarter 2022 earnings on March 2, 2022, at 9:00 a.m. CST. Investors can access the live event through the Investor Relations website. A replay of the webcast will be available after 12:00 p.m. CST on the same day. Founded in 1915, Donaldson is a leader in filtration products, serving diverse industries globally. The company's commitment to technological innovation positions it as a key player in the filtration market.
Donaldson Company (NYSE: DCI) appointed Rick Olson, CEO of The Toro Company, and Jacinth Smiley, CFO of Hormel Foods, to its board of directors effective January 27, 2022. They will replace retiring members John Wiehoff and Mike Hoffman, who will conclude their service in November 2022 after 18 and 16 years, respectively. Olson brings extensive leadership experience, while Smiley has a strong financial background. This strategic move aims to enhance Donaldson's growth and diversification efforts, according to CEO Tod Carpenter.
Donaldson Company, Inc. (NYSE: DCI) announced a regular cash dividend of 22.0 cents per share, payable on February 25, 2022, to shareholders of record on February 11, 2022. This marks the 26th consecutive year of annual dividend increases and reinforces its status as a member of the S&P High-Yield Dividend Aristocrats Index. The company has consistently paid cash dividends every quarter for 66 years.
Donaldson Company (NYSE: DCI) reported first quarter 2022 sales of $760.9 million, a 19.5% increase from 2021, with net earnings rising 24.4% to $77.1 million. The earnings per share (EPS) increased by 26.1% to $0.61. The company raised its fiscal 2022 sales and EPS guidance, expecting an 8-12% year-over-year increase, up from previous guidance of 5-10%. However, gross margin pressure from rising costs was mentioned, with a decrease to 33.8%. Operating margin improved to 14.1%. The company also highlighted strategic investments, including the acquisition of Solaris Biotech.
Donaldson Company (NYSE: DCI) has acquired Solaris Biotechnology Srl for approximately €41 million. Solaris specializes in bioprocessing equipment such as bioreactors and filtration systems for life sciences. This acquisition strengthens Donaldson's position in the life sciences market, expanding its offerings to food, beverage, and biopharma sectors. Solaris, founded in 2002 and based in Italy, has projected revenues of €5 million for 2021. CEO Matteo Brognoli will continue to lead Solaris, enhancing its growth under Donaldson's global scale and resources.
On November 19, 2021, Donaldson Company (NYSE: DCI) held its annual stockholders meeting, where preliminary voting indicated support for key resolutions. Shareholders elected three directors, including new member Christopher Hilger. They also approved the company's executive compensation practices and favored annual non-binding advisory votes on these practices. Additionally, PricewaterhouseCoopers was ratified as Donaldson's independent public accountant. Final voting results will be disclosed via Form 8-K with the SEC.
Donaldson Company, Inc. (NYSE: DCI) has declared a cash dividend of 22.0 cents per share, payable on December 22, 2021, to shareholders of record on December 7, 2021. This marks the company's 26th consecutive year of increasing annual dividends and aligns with its long-standing commitment to returning value to shareholders, having paid quarterly dividends for 66 years. Donaldson is also a member of the S&P High-Yield Dividend Aristocrats Index.
Donaldson Company (NYSE: DCI) will hold its first quarter 2022 earnings conference call on December 1, 2021, at 9:00 a.m. CST. The event will be accessible via a live webcast available on its Investor Relations website. A replay of the call can also be accessed after 12:00 p.m. CST on the same day. Established in 1915, Donaldson is a leader in filtration products, catering to various industries worldwide.
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