Donaldson Co. Inc. Files Q3 2024 10-Q Report
Ticker: DCI · Form: 10-Q · Filed: Jun 4, 2024 · CIK: 29644
Sentiment: neutral
Topics: 10-Q, quarterly-report, financials
TL;DR
DON's Q3 10-Q is in. Check financials for latest performance.
AI Summary
Donaldson Co. Inc. filed its 10-Q for the period ending April 30, 2024. The filing covers the third quarter of their fiscal year. Key financial data and business operations for this period are detailed, providing an update on the company's performance and financial position.
Why It Matters
This report provides investors and analysts with the latest financial performance data for Donaldson Co. Inc., crucial for understanding the company's current health and future prospects.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing standard financial disclosures.
Key Players & Entities
- DONALDSON Co INC (company) — Filer
- 20240430 (date) — Period of Report
- 20240604 (date) — Filing Date
- BLOOMINGTON, MN (location) — Business Address
FAQ
What is the reporting period for this 10-Q filing?
The 10-Q filing is for the period ending April 30, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on June 4, 2024.
What is the company's primary business address?
The company's business address is 1400 W. 94th St., Bloomington, MN 55431.
What is the fiscal year end for Donaldson Co. Inc.?
Donaldson Co. Inc.'s fiscal year ends on July 31.
What is the SIC code for Donaldson Co. Inc.?
The Standard Industrial Classification code for Donaldson Co. Inc. is 3564, which corresponds to Industrial & Commercial Fans & Blowers & Air Purifying Equip.
Filing Stats: 4,758 words · 19 min read · ~16 pages · Grade level 6.8 · Accepted 2024-06-04 09:48:28
Key Financial Figures
- $5.00 — ange on which registered Common Stock, $5.00 par value DCI New York Stock Exchange
Filing Documents
- dci-20240430.htm (10-Q) — 1215KB
- exhibit31-a20240430.htm (EX-31.A) — 10KB
- exhibit31-b20240430.htm (EX-31.B) — 10KB
- exhibit3220240430.htm (EX-32) — 8KB
- 0000029644-24-000067.txt ( ) — 7001KB
- dci-20240430.xsd (EX-101.SCH) — 42KB
- dci-20240430_cal.xml (EX-101.CAL) — 65KB
- dci-20240430_def.xml (EX-101.DEF) — 209KB
- dci-20240430_lab.xml (EX-101.LAB) — 598KB
- dci-20240430_pre.xml (EX-101.PRE) — 424KB
- dci-20240430_htm.xml (XML) — 1119KB
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 April 30, Nine Months Ended April 30, 2024 2023 2024 2023 Net sales $ 927.9 $ 875.7 $ 2,650.9 $ 2,551.3 Cost of sales 597.8 586.9 1,711.3 1,690.8 Gross profit 330.1 288.8 939.6 860.5 Selling, general and administrative 161.7 145.8 473.5 444.7 Research and development 24.8 19.0 68.2 56.2 Operating expenses 186.5 164.8 541.7 500.9 Operating income 143.6 124.0 397.9 359.6 Interest expense 5.0 5.1 16.1 14.3 Other income, net ( 5.4 ) ( 2.6 ) ( 14.1 ) ( 6.1 ) Earnings before income taxes 144.0 121.5 395.9 351.4 Income taxes 30.5 27.8 91.6 84.5 Net earnings $ 113.5 $ 93.7 $ 304.3 $ 266.9 Weighted average shares – basic 120.8 121.6 120.8 122.0 Weighted average shares – diluted 122.9 123.5 122.6 123.7 Net earnings per share – basic $ 0.94 $ 0.77 $ 2.52 $ 2.19 Net earnings per share – diluted $ 0.92 $ 0.76 $ 2.48 $ 2.16 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 April 30, Nine Months Ended April 30, 2024 2023 2024 2023 Net earnings $ 113.5 $ 93.7 $ 304.3 $ 266.9 Other comprehensive income: Foreign currency translation (loss) gain ( 13.5 ) 1.2 ( 30.2 ) 26.4 Pension liability adjustment, net of deferred taxes of $( 0.9 ), $ 0.1 , $( 1.1 ) and $ 0.0 , respectively 2.7 ( 0.7 ) 3.5 ( 0.2 ) Derivatives: Gain (loss) on hedging derivatives, net of deferred taxes of $ 0.1 , $ 0.1 , $ 0.1 and $ 0.0 , respectively 0.3 ( 0.4 ) ( 0.4 ) ( 0.1 ) Reclassification of loss (gain) on hedging derivatives to net earnings, net of taxes of $ 0.1 , $( 0.2 ), $ 0.2 and $ 0.1 , respectively ( 0.4 ) 0.6 ( 0.5 ) — Total derivatives ( 0.1 ) 0.2 ( 0.9 ) ( 0.1 ) Net other comprehensive (loss) income ( 10.9 ) 0.7 (