NYSE$DCI
Donaldson Company · Q2 2025 earnings
Q2 2025 earnings · · Before market open · Investor relations
Briefing
Donaldson reported a slight revenue decline with steady margins and improved adjusted EPS.
Donaldson Company, Inc. reported Q2 FY25 revenue of $870 million, down 0.8% year-over-year, with adjusted EPS rising 2.5% to $0.83. Operating margin declined slightly due to restructuring charges, but adjusted operating margin improved. Aftermarket, Aerospace & Defense, and Life Sciences segments showed growth, while Off-Road and On-Road declined. The company reaffirmed its FY25 guidance with expectations of record EPS.
- Revenue declined by 0.8% year-over-year to $870 million, impacted by currency headwinds.
- Adjusted EPS increased by 2.5% to $0.83, while GAAP EPS declined to $0.79.
- Operating margin declined to 14.4%, but adjusted operating margin improved to 15.2%.
- Aftermarket, Aerospace & Defense, and Life Sciences segments showed strong growth.
Headline financials
Revenue & EPS history
Donaldson · Revenue · Quarterly
$870M
Forward guidance
Donaldson expects record EPS for FY25, with adjusted EPS between $3.60 and $3.68. Revenue growth is projected between 0% and 4%, with margin expansion and disciplined cost management.
Tailwinds
- Full-year adjusted EPS expected between $3.60 and $3.68.
- Revenue expected to grow between 0% and 4%.
- Aftermarket sales projected to increase due to OEM demand.
- Aerospace & Defense sales expected to rise high-single digits.
- Operating margin forecasted to improve to 15.6%-16.0%.
Headwinds
- Currency translation expected to create a 1% revenue headwind.
- Off-Road sales projected to decline mid-single digits.
- On-Road sales forecasted to decrease in low-double digits.
- Interest expense estimated to increase to $21 million.
- Free cash flow conversion expected between 85% and 95%, lower than historical levels.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2025
-0.0%
Avg return
Earnings day
-0.3%
Avg return
5 days after
-1.4%
Avg return
30 days after
54%
36 / 67 earnings
Positive
+10.1%
Q4 2018
Best reaction
-11.7%
Q2 2026
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | -11.7% | -10.9% | -19.7% | |
| Q1 2026 | +7.6% | +2.9% | +2.7% | |
| Q4 2025 | +8.5% | +5.3% | +7.1% | |
| Q3 2025 | -0.1% | +1.7% | +3.0% | |
| Q2 2025 | -2.4% | -2.5% | -3.1% | |
| Q1 2025 | -6.0% | -6.6% | -13.8% | |
| Q4 2024 | -3.9% | -2.3% | -0.8% | |
| Q3 2024 | +3.7% | +1.7% | -1.2% | |
| Q2 2024 | +6.7% | +8.3% | +11.2% | |
| Q1 2024 | +3.5% | +5.3% | +11.2% | |
| Q4 2023 | +4.0% | +5.8% | -2.5% | |
| Q3 2023 | -7.7% | -8.9% | -2.5% | |
| Q2 2023 | +4.9% | +4.5% | +3.3% | |
| Q1 2023 | +3.1% | +0.7% | -0.5% | |
| Q4 2022 | -2.3% | -3.9% | -7.4% | |
| Q3 2022 | +2.6% | +1.9% | -7.1% | |
| Q2 2022 | +0.2% | -7.5% | +0.2% | |
| Q1 2022 | +0.9% | +2.2% | +5.0% | |
| Q4 2021 | -7.5% | -9.5% | -12.8% | |
| Q3 2021 | +2.4% | +0.5% | +2.8% | |
| Q2 2021 | -4.9% | -4.4% | -4.9% | |
| Q1 2021 | +3.0% | +3.0% | +5.2% | |
| Q4 2020 | -7.8% | -10.3% | -7.0% | |
| Q3 2020 | +3.5% | +7.2% | -3.6% | |
| Q2 2020 | -4.9% | -4.1% | -25.9% | |
| Q1 2020 | -2.8% | +0.7% | +5.1% | |
| Q4 2019 | +7.4% | +8.7% | +8.2% | |
| Q3 2019 | +0.7% | +1.2% | +4.0% | |
| Q2 2019 | -5.9% | -4.6% | +1.9% | |
| Q1 2019 | -9.3% | -13.7% | -26.1% | |
| Q4 2018 | +10.1% | +13.1% | +13.6% | |
| Q3 2018 | -2.9% | -1.2% | -5.2% | |
| Q2 2018 | -5.7% | -3.1% | -4.7% | |
| Q1 2018 | -0.2% | -0.7% | +0.9% | |
| Q4 2017 | -6.7% | -5.1% | -0.5% | |
| Q3 2017 | -2.6% | -5.8% | -5.0% | |
| Q2 2017 | +5.1% | +5.0% | +6.0% | |
| Q1 2017 | +6.8% | +8.6% | +3.7% | |
| Q4 2016 | -1.9% | -2.8% | -2.1% | |
| Q3 2016 | +8.6% | +9.4% | +3.5% | |
| Q2 2016 | +7.5% | — | — | |
| Q1 2016 | +3.1% | — | — | |
| Q4 2015 | -1.6% | — | — | |
| Q3 2015 | +2.2% | — | — | |
| Q2 2015 | -2.0% | — | — | |
| Q1 2015 | -7.6% | — | — | |
| Q4 2014 | +3.6% | — | — | |
| Q3 2014 | -7.0% | — | — | |
| Q2 2014 | -2.7% | — | — | |
| Q1 2014 | +0.0% | — | — | |
| Q4 2013 | -3.5% | — | — | |
| Q3 2013 | +1.8% | — | — | |
| Q2 2013 | -2.8% | — | — | |
| Q1 2013 | +5.7% | — | — | |
| Q4 2012 | +1.4% | — | — | |
| Q3 2012 | +6.0% | — | — | |
| Q2 2012 | -3.5% | — | — | |
| Q1 2012 | -2.8% | — | — | |
| Q4 2011 | +2.4% | — | — | |
| Q4 2009 | +2.4% | — | — | |
| Q4 2010 | +2.4% | — | — | |
| Q3 2010 | -2.9% | — | — | |
| Q3 2011 | -2.9% | — | — | |
| Q2 2011 | +1.2% | — | — | |
| Q2 2010 | +1.2% | — | — | |
| Q1 2011 | +0.0% | — | — | |
| Q1 2010 | +0.0% | — | — |
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