DONALDSON COMPANY Reports Fourth Quarter Earnings Results for 2023
September 6, 2023
🌥️Earnings Overview
On August 29, 2023, DONALDSON COMPANY ($NYSE:DCI) reported its earnings results for the fourth quarter that ended on July 31 of the same year. The total revenue for the quarter was USD 879.5 million; a decline of 1.2% as compared to figures from the same period in the previous year. Net income for the quarter was USD 91.9 million; a decrease of 9.1% when compared to last year’s figures.
Share Price
The stock opened at $61.9 and closed at $63.5, up by 3.5% from the prior closing price of 61.3. This marks the third consecutive quarter of growth for the company, which has seen a steady increase in its stock price over the last year. The strong performance of DONALDSON COMPANY is attributed to their focus on innovation and customer experience, as well as their commitment to staying ahead of trends in the industry. Their investments in new technologies and processes have enabled them to remain competitive and successful in a highly volatile market. In addition to their quarterly earnings results, DONALDSON COMPANY also announced plans to increase its research and development spending in order to further innovate and ensure long-term growth potential.
They also reported impressive cost-reduction initiatives, which have helped to offset increasing operating costs. Overall, DONALDSON COMPANY’s fourth quarter earnings results are promising and demonstrate the company’s commitment to long-term growth and market leadership. With continued investments in innovative technologies and processes, the company is well-positioned to capitalize on its current success and achieve continued success in the coming years. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Donaldson Company. More…
| Total Revenues | Net Income | Net Margin |
| 3.43k | 358.8 | 10.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Donaldson Company. More…
| Operations | Investing | Financing |
| 544.5 | -327.3 | -222.2 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Donaldson Company. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.77k | 1.45k | 10.71 |
Key Ratios Snapshot
Some of the financial key ratios for Donaldson Company are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.9% | 12.2% | 14.2% |
| FCF Margin | ROE | ROA |
| 12.4% | 23.5% | 11.0% |
Analysis
At GoodWhale, we recently conducted an analysis of DONALDSON COMPANY‘s wellbeing for our customers. After careful consideration of their financial and business aspects, we have determined that DONALDSON COMPANY is a medium risk investment. While it scored relatively well on our Risk Rating, we discovered two risk warnings in the non financial balance sheet that prospective investors should be aware of. To find out more about these, please register on our website at http://www.goodwhale.com. We hope this information helps prospective investors to make informed decisions. Our team is always working hard to provide the most accurate and up-to-date insights into companies on the market. More…
Peers
The competition between Donaldson Co Inc and its competitors is fierce. JE Cleantech Holdings Ltd, Franklin Electric Co Inc, and ItN Nanovation AG are all vying for market share in the highly competitive clean technology industry. Each company has its own unique strengths and weaknesses, and it will be interesting to see how the competition plays out over the next few years.
– JE Cleantech Holdings Ltd ($NASDAQ:JCSE)
JE Cleantech Holdings Ltd is a clean technology company that provides sustainable solutions for the global energy and environmental challenges. The company has a market cap of 13.32M as of 2022 and a Return on Equity of -2.6%. JE Cleantech Holdings Ltd operates in three segments: Clean Technology, Renewable Energy, and Sustainable Development. The company offers products and services in the areas of clean technology, renewable energy, and sustainable development.
– Franklin Electric Co Inc ($NASDAQ:FELE)
Franklin Electric Co Inc is a global leader in the development and manufacturing of systems and components for the movement of water and fuel. The company has a market cap of $3.86 billion and a return on equity of 15.33%. Franklin Electric serves customers in more than 150 countries through a network of subsidiaries and distributors. The company’s products are used in a variety of applications, including residential, commercial, agricultural, industrial, and municipal.
– ItN Nanovation AG ($LTS:0ERG)
Nanovation AG is a German company that manufactures nanomaterials and nanotechnology products. The company has a market cap of 3.75 million euros and a return on equity of -20.89%. Nanovation AG’s products are used in a variety of industries, including automotive, electronics, and medical devices.
Summary
Donaldson Company reported their financial results for the fourth quarter of the fiscal year 2023. Total revenue for the quarter was USD 879.5 million, a slight decrease of 1.2% from last year. On the same day, the stock price of Donaldson Company increased, indicating that investors view the results positively.
It is likely they are encouraged by the company’s cost-cutting measures and resilience to market conditions. Investors should continue to monitor the company’s progress, as its long-term success relies on its ability to maintain strong financial performance and grow its market presence.
Related Posts
Recent Posts
