NYSE$DCI
Donaldson Company · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Donaldson reported record sales and earnings, driven by strong margins and strategic investments.
Donaldson reported record third quarter fiscal year 2024 sales and earnings. Sales increased 6.0% year over year to $927.9 million, and EPS was $0.92, up 21.7% versus 2023. The company is raising its fiscal 2024 EPS guidance.
- Generated record sales and earnings with robust margins.
- Maintained focus on customers and delivered technology-led filtration products and services across a diversified portfolio.
- Increased earnings outlook for the full year.
- Committed to returning value to shareholders through strategic initiatives.
Headline financials
Revenue & EPS history
Donaldson · Revenue · Quarterly
$928M
Forward guidance
Full-year EPS is forecast to be between $3.33 and $3.39. Sales are expected to increase between 4% and 6% year over year, with a pricing benefit of approximately 2% and a negligible impact from currency translation.
Tailwinds
- Mobile sales are forecast to increase between 2% and 4% versus 2023.
- Aftermarket sales are forecast to grow mid-single digits, benefitting from market share gains and destocking in the prior year period.
- Industrial sales are expected to increase between 6% and 8% compared with prior year.
- IFS sales are expected to increase mid-single digits as a result of sales momentum in dust collection and Power Generation.
- Life Sciences sales are forecast to grow mid-teens year over year supported by growth across all businesses including Food & Beverage, Bioprocessing Equipment and Consumables, and Disk Drive.
Headwinds
- Off-Road sales are expected to decrease low double-digits due to softening end-market demand and related reductions in global equipment production.
- On-Road sales are expected to decrease low single-digits due to softening end-market demand and related reductions in global equipment production.
- Operating margin is expected to be between 15.0% and 15.4% versus 14.0%, or 14.6% on an adjusted basis, in 2023.
- Interest expense is forecast to be approximately $22 million.
- Donaldson projects a fiscal 2024 effective income tax rate of between 23% and 24%.
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 Q3 2024
-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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro