Donaldson Inc Stock Price, News & Analysis

Donaldson Company (NYSE: DCI) has unveiled the Torit® Downflo® Ambient (DFA) weld fume extractor, catering to facilities with limited overhead space. This innovative solution allows for flexible installation in various workstation setups without the need for duct work. The DFA integrates advanced Ultra-Web® media technology, ensuring effective fume collection and long filter life. It includes an easy-to-maintain dust disposal system and tool-free access for filter changes. Donaldson aims to enhance welding operations with this product, contributing to a comprehensive portfolio for weld fume mitigation.

Donaldson Company, Inc. (NYSE: DCI) has launched Managed Filtration Services, a new consultative solution for industrial filtration customers. This service integrates Donaldson's proprietary iCue™ technology to provide comprehensive, condition-based maintenance and repair services for filtration equipment. It builds on previous offerings like the subscription-based iCue Connected Filtration Service and the iCue Monitor Service. The customizable plans help ensure optimal performance and compliance, enhancing Donaldson's goal of delivering best-in-class equipment and support in the industrial sector.

Donaldson Company reported a robust performance for the first quarter of 2023 with sales rising 11.4% to $847.3 million compared to the same period last year. GAAP net earnings reached $87.2 million, marking a 13.1% increase. GAAP EPS increased by 15.3% to $0.70, while adjusted EPS rose 22.9% to $0.75. The company reaffirmed its fiscal 2023 outlook, projecting record sales and earnings driven by strong demand and pricing, despite potential challenges from currency fluctuations and economic uncertainties.

Donaldson Company (NYSE: DCI) announced that CEO Tod Carpenter will present at the Credit Suisse 10th Annual Industrials Conference on December 1, 2022, at 10:15 a.m. EST. Investors can listen to the live webcast on Donaldson’s Investor Relations website under the 'Events & Presentations' section. A replay will be accessible for 90 days post-event. Founded in 1915, Donaldson is a leader in filtration solutions, serving various industries globally, dedicated to addressing complex filtration challenges for a cleaner world.

Donaldson Company, Inc. (NYSE: DCI) announced a regular cash dividend of 23.0 cents per share, payable on December 20, 2022, to shareholders of record by December 5, 2022. This marks the 27th consecutive year of annual dividend increases, showcasing the company's commitment to returning value to its shareholders. Donaldson is part of the S&P High-Yield Dividend Aristocrats Index and has a history of paying dividends for 67 years.

Winmark Corporation (NASDAQ: WINA) has appointed Amy C. Becker to its Board of Directors. Becker, currently the Chief Legal Officer at Donaldson Company (NYSE: DCI), brings extensive experience in corporate governance and legal strategy. Winmark, a leader in franchise business focused on sustainability, operates multiple resale franchises including Plato’s Closet® and Once Upon A Child®. As of September 24, 2022, Winmark had 1,291 franchises and 2,800 available territories, reflecting its ongoing growth and commitment to providing opportunities for entrepreneurial ventures.

Solaris Biotech has partnered with Wildtype to develop advanced bioreactors aimed at enhancing large-scale production of cultivated seafood. This collaboration responds to the growing global demand for seafood, projected to increase by 23 million tons by 2030. Solaris, part of Donaldson Company (NYSE: DCI), specializes in bioreactor technology, positioning itself at the forefront of the alternative proteins market. Both companies aim to make cultivated seafood more affordable while providing sustainable options that avoid contaminants found in traditional fish.

Donaldson Company, a leader in filtration solutions, announced that Tod Carpenter, its chairman, president, and CEO, will present at the Baird 2022 Global Industrial Conference. The event will take place in Chicago, Illinois, on Tuesday, November 8, starting at 10:15 a.m. CST. Founded in 1915, Donaldson provides innovative filtration products across diverse industries and advanced markets. The company aims to tackle complex filtration challenges globally, emphasizing its commitment to a Cleaner World.

Donaldson Company, Inc. (NYSE: DCI) will host a webcast for its first quarter 2023 earnings conference call on November 30, 2022, at 9:00 a.m. CST. Participants can access the live broadcast on the company’s Investor Relations website. The replay will be available after 12:00 p.m. CST on the same day. Founded in 1915, Donaldson is a global leader in filtration technology, providing innovative solutions across various industries worldwide.