DONALDSON Co INC Files 10-Q for Period Ending 2024-01-31

TL;DR

<b>DONALDSON Co INC has filed its quarterly report (10-Q) for the period ending January 31, 2024.</b>

AI Summary

DONALDSON Co INC (DCI) filed a Quarterly Report (10-Q) with the SEC on March 4, 2024. DONALDSON Co INC filed a 10-Q report on 2024-03-04 for the period ending 2024-01-31. The company's fiscal year ends on July 31st. The filing is for the period from 2023-11-01 to 2024-01-31. The previous comparable period was from 2022-11-01 to 2023-01-31. The company's principal business is Industrial & Commercial Fans & Blowers & Air Purifying Equip.

Why It Matters

For investors and stakeholders tracking DONALDSON Co INC, this filing contains several important signals. This filing provides investors with an update on the company's financial performance and position for the most recent quarter. The 10-Q filing is a standard requirement for publicly traded companies, ensuring transparency and regulatory compliance.

Risk Assessment

Risk Level: low — DONALDSON Co INC shows low risk based on this filing. The filing is a routine 10-Q, indicating no immediate or significant new risks are being disclosed beyond standard business operations.

Analyst Insight

Review the detailed financial statements and management discussion within the 10-Q to understand the company's performance and outlook.

Key Numbers

• 2024-01-31 — Period End Date (Quarterly Report)
• 2023-11-01 — Quarter Start Date (Quarterly Report)
• 2024-03-04 — Filing Date (Quarterly Report)
• 0731 — Fiscal Year End (Company Fiscal Calendar)

Key Players & Entities

• DONALDSON Co INC (company) — Filer
• DCI (company) — Ticker Symbol
• 2024-01-31 (date) — Period of Report
• 2024-03-04 (date) — Filing Date
• 3564 (industry_code) — Standard Industrial Classification

FAQ

Industry Context

DONALDSON Co INC operates in the Industrial & Commercial Fans & Blowers & Air Purifying Equipment sector.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, requiring public companies to submit regular financial disclosures.

What Investors Should Do

1. Analyze the financial statements for revenue, net income, and other key performance indicators.
2. Review management's discussion and analysis (MD&A) for insights into business trends and outlook.
3. Check for any new risk factors or legal proceedings disclosed in the filing.

Key Dates

• 2024-01-31: Quarter End — End of the reporting period for the 10-Q filing.
• 2024-03-04: Filing Date — Date the 10-Q was officially submitted to the SEC.

Year-Over-Year Comparison

This is the initial filing data extracted for the 10-Q period ending January 31, 2024. Comparison to prior filings will require additional data.

Key Financial Figures

• $5.00 — ange on which registered Common Stock, $5.00 par value DCI New York Stock Exchange

Filing Documents

• dci-20240131.htm (10-Q) — 1207KB
• exhibit31-a20240131.htm (EX-31.A) — 10KB
• exhibit31-b20240131.htm (EX-31.B) — 10KB
• exhibit3220240131.htm (EX-32) — 8KB
• 0000029644-24-000027.txt (&nbsp;) — 6912KB
• dci-20240131.xsd (EX-101.SCH) — 41KB
• dci-20240131_cal.xml (EX-101.CAL) — 63KB
• dci-20240131_def.xml (EX-101.DEF) — 199KB
• dci-20240131_lab.xml (EX-101.LAB) — 638KB
• dci-20240131_pre.xml (EX-101.PRE) — 413KB
• dci-20240131_htm.xml (XML) — 1104KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements DONALDSON COMPANY, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (In millions, except per share amounts) (Unaudited) Three Months Ended January 31, Six Months Ended January 31, 2024 2023 2024 2023 Net sales $ 876.7 $ 828.3 $ 1,723.0 $ 1,675.6 Cost of sales 568.1 543.9 1,113.5 1,104.0 Gross profit 308.6 284.4 609.5 571.6 Selling, general and administrative 156.8 149.6 311.8 298.8 Research and development 22.1 18.5 43.4 37.2 Operating expenses 178.9 168.1 355.2 336.0 Operating income 129.7 116.3 254.3 235.6 Interest expense 5.6 4.6 11.1 9.2 Other income, net ( 4.9 ) ( 1.6 ) ( 8.7 ) ( 3.4 ) Earnings before income taxes 129.0 113.3 251.9 229.8 Income taxes 30.3 27.3 61.1 56.6 Net earnings $ 98.7 $ 86.0 $ 190.8 $ 173.2 Weighted average shares – basic 120.5 121.7 120.7 122.2 Weighted average shares – diluted 122.1 123.3 122.4 123.7 Net earnings per share – basic $ 0.82 $ 0.71 $ 1.58 $ 1.42 Net earnings per share – diluted $ 0.81 $ 0.70 $ 1.56 $ 1.40 See Notes to Condensed Consolidated Financial Statements. 2 DONALDSON COMPANY, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In millions) (Unaudited) Three Months Ended January 31, Six Months Ended January 31, 2024 2023 2024 2023 Net earnings $ 98.7 $ 86.0 $ 190.8 $ 173.2 Other comprehensive income: Foreign currency translation gain (loss) 20.9 65.3 ( 16.7 ) 25.2 Pension liability adjustment, net of deferred taxes of $ 0.0 , $ 0.3 , $( 0.2 ) and $( 0.1 ), respectively ( 0.2 ) ( 0.7 ) 0.8 0.5 Derivatives: (Loss) gain on hedging derivatives, net of deferred taxes of $ 0.1 , $ 1.0 , $ 0.0 and $( 0.1 ), respectively ( 0.8 ) ( 3.1 ) ( 0.7 ) 0.3 Reclassification of loss on hedging derivatives to net earnings, net of taxes of $ 0.3 , $ 0.9 , $ 0.1 and $ 0.3 , respectively ( 0.8 ) ( 1.8 ) ( 0.1 ) ( 0.6 ) Total derivatives ( 1.6 ) ( 4.9 ) ( 0.8 ) ( 0.3 ) Net other comprehensive income (loss) 19.1 59

View Full Filing

View this 10-Q filing on SEC EDGAR