NYSE$DCI

Donaldson Company · Q4 2024 earnings

Q4 2024 earnings · · Investor relations

Briefing

Donaldson reported record fourth quarter and fiscal year 2024 sales and earnings.

Donaldson reported a 6.4% increase in sales, reaching $935 million, and a GAAP EPS of $0.90, up 20.0%. The company delivered an all-time high level of profitability through solid sales and robust margin expansion.

  • Sales increased 6.4% to $935 million.
  • GAAP EPS increased 20.0% to $0.90; adjusted EPS of $0.94.
  • Returned approximately $82 million to shareholders through share repurchases and dividends.
  • Launched footprint and cost optimization programs to strengthen foundation for long-term profitable growth.

Headline financials

Total Revenue

$935M

Previous: $880M+6.4%
EPS (adj)

$0.94

Previous: $0.78+20.5%
Gross Margin

35.8%

Previous: 34.1%+5.0%
Operating Margin

15.6%

Previous: 13.7%+13.9%
Adjusted Operating Margin

16.3%

No prior period
Effective Tax Rate

21.3%

Previous: 21.7%-1.8%
Capital Expenditures

-$19.8M

Previous: $25.7M-177.0%
Net Income

$110M

Previous: $91.9M+19.4%
Operating Income

$146M

Previous: $121M+21.3%
Gross Profit

$335M

Previous: $300M+11.6%
R&D Expense

$25.4M

No prior period
Stock-Based Comp

$3.7M

Previous: $3.3M+12.1%

Revenue & EPS history

Donaldson · Revenue · Quarterly

$935M

Q4 2024+6.4%vs Q4 2023
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Forward guidance

Donaldson expects full year fiscal 2025 sales growth of 2% to 6% and adjusted EPS of $3.56 to $3.72.

Tailwinds

  • Sales are projected to increase between 2% and 6% over prior year, with a pricing benefit of approximately 1%.
  • Mobile sales are forecast to be flat to up 4% year over year.
  • Off-Road sales are projected to increase low-single digits driven by market share gains.
  • Aftermarket sales are forecast to increase low-single digits as a result of continued strength in vehicle utilization rates and market share gains.
  • Industrial sales are expected to grow between 4% and 8% versus 2024.

Headwinds

  • On-Road sales are estimated to decrease low-double digits due to an exit from non-strategic products combined with weak end-market conditions.
  • Aerospace and Defense sales are projected to be approximately flat after cycling difficult comparisons in 2024.
  • Life Sciences sales are forecast to grow low-double digits compared with prior year driven by sales increases in all businesses.
  • Operating margin is forecast to be between 15.3% and 15.9% versus 15.2%, or 15.4% on an adjusted basis, in 2024 largely driven by sustained gross margin performance.
  • Donaldson expects a fiscal 2025 effective income tax rate of between 23% and 25%.

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 Q4 2024

Historical avgQ4 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

Earnings price reactions
QuarterReport dateReaction (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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