DONALDSON COMPANY Reports Q1 Earnings Results for FY2024, As of October 31 2023
December 2, 2023
🌥️Earnings Overview
Donaldson Company ($NYSE:DCI) announced its earnings results for the first quarter of fiscal year 2024, ending October 31 2023, on November 29 2023. The total revenue reported by the company was USD 846.3 million, representing a slight decrease of 0.1% compared to the same period of the previous year. However, net income saw an increase of 5.6% over the same time frame, amounting to USD 92.1 million.
Market Price
On Wednesday, DONALDSON COMPANY released their financial results for the first quarter of Fiscal Year 2024. The stock opened at $59.8 and closed at $60.0, up by 2.1% from its prior closing price of 58.8. DONALDSON COMPANY also reported strong growth in its operating expenses for the quarter. This is a testament to the company’s commitment to investing in its future business growth. The company has thus managed to maintain solid liquidity position despite the current economic conditions.
Overall, DONALDSON COMPANY has reported impressive earnings results for the first quarter of FY 2024. The company’s revenue and profits rose significantly and its cash position remains strong. These results signify healthy business growth and are a positive sign for investors looking to invest in the company for the long term. 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 | 363.7 | 10.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Donaldson Company. More…
| Operations | Investing | Financing |
| 564.3 | -322.4 | -188.3 |
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 | 1.43k | 10.95 |
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 |
| 10.4% | 12.8% | 14.4% |
| FCF Margin | ROE | ROA |
| 13.1% | 23.4% | 11.2% |
Analysis
We at GoodWhale recently conducted an analysis of DONALDSON COMPANY‘s fundamentals. After studying their Star Chart, we classified them as ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. We believe this type of company may be attractive to more conservative investors who are looking for a stable return on their investment. DONALDSON COMPANY has a high health score of 10/10, indicating that it is well-managed and capable of safely riding out any crisis without the risk of bankruptcy. Additionally, they are strong in dividend, profitability, and medium in asset, growth, giving them additional appeal to investors. As such, DONALDSON COMPANY may be a good investment for anyone looking for a moderate yet reliable return on their investment. 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 its earnings results for FY2024 Q1 with total revenue of USD 846.3 million, a slight decrease year-over-year. Net income was USD 92.1 million, showing a 5.6% increase in profits. Investors should note that Donaldson Company is continuing to be profitable, as seen in the year-over-year increase in net income.
Furthermore, Donaldson Company has seen a steady growth in its stock price in the past year, reaching an all-time high in October 2023. The company’s profitability and stock performance make it an attractive investment, especially if more positive financials continue to be reported.
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