DONALDSON COMPANY Reports Q4 FY2023 Earnings on August 29, 2023
September 13, 2023
🌥️Earnings Overview
DONALDSON COMPANY ($NYSE:DCI) reported their financial results for Q4 of FY2023, which concluded on July 31 2023, on August 29 2023. Total revenue was USD 879.5 million, representing a decline of 1.2% year over year. Net income was USD 91.9 million, a decrease of 9.1% year over year.
Share Price
On Tuesday, DONALDSON COMPANY reported their earnings for the fourth quarter of fiscal year 2023. The stock opened at $61.9 and closed at $63.5, marking an increase of 3.5% from the previous closing price of $61.3. The company reported a growth in sales from the same period last year, and exceeded analysts’ expectations for net income. The rise in price was likely due to the positive news of the company’s financial performance. Furthermore, DONALDSON COMPANY is optimistic about their future prospects.
They announced plans to invest in research and development of new products and services. Furthermore, they are planning to open up new markets in order to capitalize on future growth opportunities. Overall, the company’s performance in the fourth quarter of fiscal year 2023 was very encouraging. With their focus on development and innovation, DONALDSON COMPANY is well-positioned to continue to deliver strong financial results in the future. 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
As part of our analysis of DONALDSON COMPANY‘s wellbeing, GoodWhale has identified that its performance is strong in dividend and profitability according to the Star Chart. Our analysis further shows that the company has a medium asset level and growth. GoodWhale believes DONALDSON COMPANY is in a good position, with a high health score of 10/10. The company has a solid cashflow and debt situation that enables it to pay off debt and fund its future operations. Our analysis has classified DONALDSON COMPANY as a ‘gorilla’, which is a type of company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. With this in mind, we believe that DONALDSON COMPANY would be of particular interest to long-term investors looking for stable returns from a reputable company with a strong competitive advantage. 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 recently released its earnings report for the fourth quarter of fiscal year 2023, with total revenue of USD 879.5 million and net income of USD 91.9 million. The revenue was a slight 1.2% decrease from the same quarter of the previous year, while the net income dropped 9.1%. In response to the earnings report, the stock price of Donaldson Company rose on the same day. For investors, the decrease in revenue is cause for concern, as it indicates a slowdown in sales growth.
Furthermore, the drop in net income indicates that the company is experiencing increasing costs or declining margins. Investors should carefully weigh these factors when considering an investment in Donaldson Company. It may be beneficial to wait and monitor the company’s earnings results in subsequent quarters to determine how it is performing.
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