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 (NYSE: DCI) has enhanced its iCue™ Connected Filtration Service by introducing three new features aimed at improving operational efficiency and sustainability. These updates include fan energy monitoring, bin level monitoring, and expanded pulse valve health monitoring. The service helps manufacturers reduce downtime and optimize maintenance while capturing compliance data. iCue service is offered free for six months on select dust collector models in the US, Canada, and Europe, supporting Donaldson's commitment to providing valuable insights and reducing operational costs.
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Donaldson Company (NYSE: DCI), a leader in filtration solutions, will participate in Morgan Stanley’s Virtual Laguna Conference on September 14. Members of the management team will engage in a fireside chat starting at 1:30 p.m. EDT. Investors can listen live via the webcast on Donaldson's Investor Relations website. A replay will be available for 90 days post-event. Founded in 1915, Donaldson continues to drive innovation in filtration technology worldwide.
Donaldson Company reported a record fiscal 2021 with sales of $2.854 billion, a 25.2% increase in Q4'21 sales compared to Q4'20. GAAP EPS rose to $2.24 for the year and $0.66 for Q4, marking increases of 12% and 32%, respectively. For fiscal 2022, sales are expected to rise between 5% and 10%, with EPS projected between $2.50 and $2.66. Key growth drivers include strong performance in Engine and Industrial Products, although challenges like raw material costs and supply chain constraints persist.
Donaldson Company (NYSE: DCI) will host a webcast for its fourth quarter 2021 earnings conference call on September 2, 2021, at 9:00 a.m. CST. Investors can access the live broadcast through the Investor Relations section of Donaldson's website. A replay will be available the same day at approximately 12:00 p.m. CDT. Founded in 1915, Donaldson is known for its innovative filtration products and solutions, serving diverse industries globally.
Donaldson Company (NYSE: DCI) has declared a cash dividend of 22.0 cents per share, payable on August 31, 2021, to shareholders on record as of August 16, 2021. This marks the continuation of its commitment to shareholder returns, having paid dividends quarterly for 65 years. Additionally, Donaldson was included in the S&P High-Yield Dividend Aristocrats Index in January 2016, recognizing its 20 consecutive years of annual dividend increases.
Donaldson Company has contributed an additional $100,000 to Direct Relief, bringing its total donations to $200,000. This funding aims to support COVID-19 response efforts, providing essential medical supplies to vulnerable populations worldwide. The donations were facilitated by the Donaldson Foundation, aimed at addressing the pandemic's impact, particularly in critical regions like India and Brazil. Direct Relief has delivered $1.7 billion in medical aid globally, supporting health facilities across 105 countries.
Donaldson Company reported record earnings for Q3 2021, with net earnings reaching $84.4 million, up from $63.4 million in 2020. EPS rose 32% to $0.66. Sales surged 21.5% to $765.0 million, the highest quarterly sales in the company's 106-year history. The company increased its fiscal 2021 sales guidance to a growth between 9% and 11%, previously projected at 5% to 8%. Engine sales saw a notable increase of 26.3%, driven by robust demand.
Donaldson Company (NYSE: DCI) announced that Scott Robinson, Senior Vice President and CFO, will present at the Stifel 2021 Virtual Cross Sector Insight Conference on June 8 at 11:20 a.m. EDT. Investors can listen to the presentation via a live webcast on Donaldson's Investor Relations website. A replay will be available for 90 days post-event. Founded in 1915, Donaldson is a leader in the global filtration industry, renowned for its innovative technologies that enhance equipment performance.
Donaldson Company (NYSE: DCI) announced a regular cash dividend of 22.0 cents per share, marking a 4.8% increase from the previous dividend of 21.0 cents. This dividend is payable on June 25, 2021, to shareholders of record as of June 10, 2021. The company has maintained quarterly cash dividends for 65 years and was included in the S&P High-Yield Dividend Aristocrats Index in January 2016, recognizing its commitment to annual dividend increases for 20 consecutive years.