Donaldson Co. Inc. Files Q1 FY25 10-Q Report
Ticker: DCI · Form: 10-Q · Filed: Dec 6, 2024 · CIK: 29644
Sentiment: neutral
Topics: 10-Q, quarterly-report, financials
TL;DR
DON's Q1 FY25 10-Q is in. Check financials.
AI Summary
Donaldson Co. Inc. filed its 10-Q for the period ending October 31, 2024. The filing covers the first quarter of fiscal year 2025. Key financial data and business operations for this period are detailed within the report.
Why It Matters
This filing provides investors and analysts with the latest financial performance and operational updates 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
- 20241031 (date) — Period of Report
- 20241206 (date) — Filed as of Date
- 0000029644 (company) — Central Index Key
- 3564 (industry_code) — Standard Industrial Classification
- DE (state) — State of Incorporation
- 0731 (date) — Fiscal Year End
- 10-Q (form_type) — Filing Type
- 1934 Act (regulation) — SEC Act
- 001-07891 (file_number) — SEC File Number
FAQ
What period does this 10-Q filing cover?
This 10-Q filing covers the period ending October 31, 2024, which is the first quarter of fiscal year 2025.
When was this 10-Q filing submitted to the SEC?
This 10-Q filing was submitted to the SEC on December 6, 2024.
What is the Standard Industrial Classification code for Donaldson Co. Inc.?
The Standard Industrial Classification code for Donaldson Co. Inc. is 3564, which pertains to Industrial & Commercial Fans & Blowers & Air Purifying Equip.
In which state is Donaldson Co. Inc. incorporated?
Donaldson Co. Inc. is incorporated in Delaware (DE).
What is the fiscal year end for Donaldson Co. Inc.?
The fiscal year end for Donaldson Co. Inc. is July 31 (0731).
Filing Stats: 4,669 words · 19 min read · ~16 pages · Grade level 7.6 · Accepted 2024-12-06 11:23:20
Key Financial Figures
- $5.00 — ange on which registered Common Stock, $5.00 par value DCI New York Stock Exchange
Filing Documents
- dci-20241031.htm (10-Q) — 926KB
- exhibit31-a20241031.htm (EX-31.A) — 10KB
- exhibit31-b20241031.htm (EX-31.B) — 11KB
- exhibit3220241031.htm (EX-32) — 8KB
- dci-20241031_g1.jpg (GRAPHIC) — 52KB
- dci-20241031_g2.jpg (GRAPHIC) — 55KB
- dci-20241031_g3.jpg (GRAPHIC) — 53KB
- dci-20241031_g4.jpg (GRAPHIC) — 53KB
- 0000029644-24-000181.txt ( ) — 6582KB
- dci-20241031.xsd (EX-101.SCH) — 39KB
- dci-20241031_cal.xml (EX-101.CAL) — 60KB
- dci-20241031_def.xml (EX-101.DEF) — 195KB
- dci-20241031_lab.xml (EX-101.LAB) — 591KB
- dci-20241031_pre.xml (EX-101.PRE) — 410KB
- dci-20241031_htm.xml (XML) — 799KB
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 October 31, 2024 2023 Net sales $ 900.1 $ 846.3 Cost of sales 580.5 545.4 Gross profit 319.6 300.9 Selling, general and administrative 166.1 155.0 Research and development 22.7 21.3 Operating expenses 188.8 176.3 Operating income 130.8 124.6 Interest expense 5.5 5.5 Other income, net ( 5.2 ) ( 3.8 ) Earnings before income taxes 130.5 122.9 Income taxes 31.5 30.8 Net earnings $ 99.0 $ 92.1 Weighted average shares – basic 119.9 120.9 Weighted average shares – diluted 121.9 122.6 Net earnings per share – basic $ 0.83 $ 0.76 Net earnings per share – diluted $ 0.81 $ 0.75 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 October 31, 2024 2023 Net earnings $ 99.0 $ 92.1 Other comprehensive income (loss): Foreign currency translation gain (loss) 4.9 ( 37.6 ) Pension liability adjustment, net of deferred taxes of $ 0.0 and $( 0.2 ), respectively 0.4 1.0 Derivatives: (Loss) gain on hedging derivatives, net of deferred taxes of $ 0.3 and $( 0.1 ), respectively ( 1.1 ) 0.1 Reclassification of hedging derivatives to net earnings, net of taxes of $( 0.4 ) and $( 0.2 ), respectively 1.7 0.7 Total derivatives 0.6 0.8 Net other comprehensive income (loss) 5.9 ( 35.8 ) Comprehensive income $ 104.9 $ 56.3 See Notes to Condensed Consolidated Financial Statements. 3 DONALDSON COMPANY, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (In millions, except share and per share amounts) (Unaudited) October 31, 2024 July 31, 2024 Assets Current assets: Cash and cash equivalents $ 221.2 $ 232.7 Accounts receivable, less allowances of $ 6.7 and $ 6.3 , respectively 631.3 629.7 In