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. reports news on filtration products and solutions for mobile equipment, industrial applications and life sciences. The company manufactures air filtration systems, liquid filtration systems, replacement parts, and dust, fume and mist collectors used in end markets such as construction, mining, agriculture, trucking and industrial operations.
Recurring Donaldson updates include operating and financial results, earnings conference calls, investor conference presentations, governance matters and capital-structure disclosures. Product news also covers filtration technologies such as ArmorSeal air filtration for on-road and off-road heavy-duty equipment.
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.
Donaldson Company, Inc. (NYSE: DCI) will host a webcast for its third quarter 2022 earnings conference call on June 1, 2022, at 9:00 a.m. CDT. Investors can access the live call via the company’s Investor Relations website under the Events & Presentations section. A replay will be available starting at 12:00 p.m. CDT on the same day. Founded in 1915, Donaldson is a global leader in filtration solutions, serving various industries and markets worldwide.
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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.