Donaldson Company Full Year 2024 Earnings: In Line With Expectations

Donaldson Company (NYSE:DCI) Full Year 2024 Results

Key Financial Results

• Revenue: US$3.59b (up 4.5% from FY 2023).
• Net income: US$414.0m (up 15% from FY 2023).
• Profit margin: 12% (up from 11% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: US$3.43 (up from US$2.95 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Donaldson Company Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

The primary driver behind last 12 months revenue was the Mobile Solutions segment contributing a total revenue of US$2.25b (63% of total revenue). Notably, cost of sales worth US$2.31b amounted to 64% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$636.7m (74% of total expenses). Explore how DCI's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Machinery industry in the US.

Performance of the American Machinery industry.

The company's shares are down 3.1% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Donaldson Company's balance sheet health.

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