Donaldson Company, Inc. (NYSE: DCI), a global leader in filtration solutions, has announced its financial results for the fourth quarter and full fiscal year 2024, delivering record sales and earnings. The company also provided an optimistic outlook for fiscal 2025.
Fourth Quarter Fiscal 2024 Highlights
- Sales reached $935 million, up 6.4% year-over-year.
- GAAP earnings per share (EPS) rose 20.0% to $0.90, while adjusted EPS hit $0.94.
- Returned approximately $82 million to shareholders through share repurchases and dividends.
- Announced plans to optimize footprint aimed at increased efficiency.
Full Year Fiscal 2024 Highlights
- Sales grew 4.5% to $3.6 billion.
- GAAP EPS increased 16.6% to $3.38, and adjusted EPS reached $3.42.
- Returned approximately $286 million to shareholders through share repurchases and dividends.
Fiscal 2025 Guidance
For the full fiscal year 2025, Donaldson expects:
- Sales growth of 2% to 6%.
- Adjusted EPS between $3.56 and $3.72.
Tod Carpenter, Donaldson’s chairman, president, and CEO, commented, “In the fourth quarter, we delivered an all-time high level of profitability through solid sales and robust margin expansion while continuing to invest for the future, capping off a record year for Donaldson. For fiscal 2025, we expect to achieve another year of record sales and earnings as we execute on our longer-term strategic initiatives.
“The company’s fiscal 2025 guidance includes an expected sales growth of 2% to 6% and adjusted EPS between $3.56 and $3.72. Donaldson projects Mobile sales to be flat to up 4%, Industrial sales to grow between 4% and 8%, and Life Sciences sales to increase by low-double digits. Operating margin is forecasted to be between 15.3% and 15.9%, with capital expenditures between $85 million and $105 million.
Donaldson’s record-breaking performance in fiscal 2024 and its optimistic outlook for the coming year underscore the company’s ability to navigate challenges and deliver value to its shareholders. The filtration solutions provider remains well-positioned for continued growth and success in the global market.
