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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) announced that its iCue™ connected filtration service will become standard on its popular industrial dust collector models, including DFO and DFE Cartridge Collectors and RP, LP, and RF Baghouse models, starting from March 30, 2021. This service enables maintenance teams to monitor operational performance in real-time and includes a trial subscription. A recent trial showed potential maintenance time savings of about 900 hours annually at a large industrial minerals plant. The service is compatible with various dust collector brands and does not require IT integration.
Donaldson Company (NYSE: DCI) launched its Filter Minder Connect solution at the TMC Spring Meeting, enabling real-time monitoring of fuel filters and engine oil in heavy-duty engines. This technology allows fleet managers to optimize maintenance schedules, reducing downtime and costs. The system wirelessly transmits performance data to the cloud, providing predictive analytics to inform users when filters and engine oil are near the end of their lifespan. The solution aims to enhance operational efficiency and profitability for fleet operators.
Donaldson Company (NYSE: DCI) announces significant updates to its iCue™ connected filtration service, enhancing user experience and capabilities. Key upgrades include a Particulate Monitoring Sensor for real-time air quality assessments, Pulse-Jet Cleaning Valves for improved filter performance notifications, and a Partner View feature enabling third-party access for maintenance support. These enhancements aim to optimize operational efficiency, ensure compliance, and extend filter lifespan, ultimately saving time and reducing costs for manufacturing facilities worldwide.
Donaldson Company (NYSE: DCI) has launched the Ultrapac™ Smart dryer, a cutting-edge solution for drying compressed air in manufacturing. This innovative product employs a three-stage separation process, enhancing air quality crucial for food and beverage applications. The dryer’s compact design allows for flexible installation, while its advanced filtration technology ensures efficient drying, reducing maintenance costs. Additionally, plant teams can monitor performance via a touchscreen display. The Ultrapac Smart dryer meets various industry standards, ensuring reliable operation in critical environments.
Donaldson Company (NYSE: DCI) announced that its management will participate in a fireside chat and investor meetings at the Bank of America Global Industrials Conference on March 16, starting at 1:10 p.m. Central time. Investors can listen to the live webcast in the "Events & Presentations" section of Donaldson’s Investor Relations website. A replay will be available for approximately 90 days after the event. Founded in 1915, Donaldson is a global leader in the filtration industry, offering innovative solutions to enhance equipment performance.
Donaldson Company (NYSE: DCI) reported Q2 2021 GAAP net earnings of $56.2 million, down from $64.4 million in 2020, impacted by $14.8 million in restructuring charges. Adjusted net earnings were $66.8 million, with GAAP EPS at $0.44, a decrease from $0.50 the previous year. Sales rose 2.6% to $679.1 million, led by growth in Off-Road and Aftermarket segments. Full-year guidance estimates GAAP EPS between $2.09 and $2.17, with sales set to increase 5%-8% compared to last year.
Donaldson Company (NYSE: DCI) will host a webcast for its second quarter 2021 earnings conference call on February 25, 2021, at 9:00 a.m. CST. Investors can access the live webcast via the 'Events & Presentations' section on its Investor Relations website. A replay will be available starting at 12:00 p.m. CST on the same day. Established in 1915, Donaldson is a leader in innovative filtration solutions, serving diverse industries globally with over 140 locations.
Donaldson Company (NYSE: DCI) declared a regular cash dividend of 21.0 cents per share, payable on February 26, 2021, to shareholders of record on February 11, 2021. This marks the 65th consecutive year of quarterly dividend payments. Donaldson is recognized for its commitment to returning value to shareholders and has been part of the S&P High-Yield Dividend Aristocrats Index since January 2016 after achieving 20 years of annual dividend increases.
Donaldson Company (NYSE: DCI) has appointed David E. Wood, Ph.D., as Vice President of Life Sciences Business Development. Wood will enhance Donaldson's growth in life sciences markets, reporting directly to CEO Tod Carpenter. The company has increased investments to expand its materials science capabilities, notably through the LifeTec® filtration line. Donaldson's recent R&D facility and filter production upgrades position it for further growth. Wood, previously at T2 Biosystems, brings extensive experience in life sciences and strategic acquisitions.
Donaldson Company (NYSE: DCI) reported Q1 2021 net earnings of $61.9 million, down from $65.0 million in 2020. EPS declined 4.4% to $0.48. Total sales fell 5.4% to $636.6 million, though currency translation positively impacted sales by 1.0%. The decline in Engine Products was partly mitigated by strong growth in China. Operating income rate increased to 13.7%, and gross margin improved to 35.0%. While Q2 sales may see slight fluctuations, the company expects growth in the second half. Effective tax rate for 2021 is projected at 24-26%.