Donaldson Q4 Earnings Top Estimates, Revenues Miss, Stock Down

Zacks08-30

Donaldson Company, Inc. DCI reported fourth-quarter fiscal 2024 (ended July 31, 2024) adjusted earnings of 94 cents per share, which surpassed the Zacks Consensus Estimate of 88 cents. The bottom line...

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The bottom line...</p>\n\n<a href=\"https://finance.yahoo.com/news/donaldson-q4-earnings-top-estimates-173200298.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Donaldson Q4 Earnings Top Estimates, Revenues Miss, Stock Down</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDonaldson Q4 Earnings Top Estimates, Revenues Miss, Stock Down\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-30 01:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/donaldson-q4-earnings-top-estimates-173200298.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Donaldson Company, Inc. DCI reported fourth-quarter fiscal 2024 (ended July 31, 2024) adjusted earnings of 94 cents per share, which surpassed the Zacks Consensus Estimate of 88 cents. The bottom line...</p>\n\n<a href=\"https://finance.yahoo.com/news/donaldson-q4-earnings-top-estimates-173200298.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DCI","symbol_name":"唐纳森","start_time":0,"source_url":"https://finance.yahoo.com/news/donaldson-q4-earnings-top-estimates-173200298.html","article_id":"2463991042","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/Jic1OD0Ah.Pz1wExbnI14w--~B/aD00MTM7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/2f6a4cb36bff82376a520fc8a1c89a49"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2463991042","pubTimestamp":1724952720,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Donaldson Company, Inc. DCI reported fourth-quarter fiscal 2024  adjusted earnings of 94 cents per share, which surpassed the Zacks Consensus Estimate of 88 cents. The bottom line increased 20% year over year.The company’s shares lost 3.5% yesterday to eventually close the trading session at $71.79.Donaldson Company, Inc. Price, Consensus and EPS Surprise. Donaldson Company, Inc. price-consensus-eps-surprise-chart | Donaldson Company, Inc. Quote. Exiting the fiscal fourth quarter, Donaldson’s cash and cash equivalents were $232.7 million compared with $187.1 million in the fourth quarter of fiscal 2023. Long-term debt was $483.4 million compared with $496.6 million in the fourth quarter of fiscal 2023.In fiscal 2024, the company generated net cash of $492.5 million from operating activities, indicating a decrease of 9.6% year over year. Capital expenditure  totaled $85.6 million compared with $118.5 million in the year-ago fiscal period. Free cash flow decreased 4.3% to $407.6 million.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"DCI":"唐纳森"},"translate_title":"唐纳森第四季度盈利最高预期、收入未达预期、库存下降","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DCI":1},"content_text":"Donaldson Company, Inc. DCI reported fourth-quarter fiscal 2024 (ended July 31, 2024) adjusted earnings of 94 cents per share, which surpassed the Zacks Consensus Estimate of 88 cents. The bottom line increased 20% year over year.The company’s shares lost 3.5% yesterday to eventually close the trading session at $71.79.\n\nDonaldson Company, Inc. Price, Consensus and EPS Surprise\n  \nDonaldson Company, Inc. price-consensus-eps-surprise-chart | Donaldson Company, Inc. Quote\n\nDCI’s Revenue Results\nTotal revenues of $935.4 million missed the Zacks Consensus Estimate of $941 million. The top line increased 6.4% year over year (up 7.6% at constant currency), driven by volume growth and the benefits of pricing actions.Region-wise, Donaldson’s net sales in the United States/Canada increased 11.5% year over year. The metric fell 2.8% year over year in Europe, the Middle East and Africa but increased 19.5% in Latin America. Also, net sales in the Asia Pacific improved 3.1%.Donaldson reports revenues under three segments, namely Mobile Solutions, Industrial Solutions and Life Sciences.\nA brief snapshot of segmental sales is provided below.The Mobile Solutions segment’s (accounting for 61.5% of net sales) sales were $575.3 million, indicating a year-over-year rise of 6.1%. Results benefited from a 12.6% improvement in aftermarket sales. However, sales fell 13% in Off-Road and 11.8% in On-Road businesses during the quarter.Revenues generated from the Industrial Solutions segment (30.8%) were $287.8 million, up 3.9% year over year. Results benefited from sales growth of 39.7% in Aerospace and Defense businesses.Revenues generated from the Life Sciences segment (7.7%) were $72.3 million, up 20.7% year over year. The results benefited from volume growth in Disk Drive and Food and Beverage businesses.\nDonaldson’s Margin Profile\nIn the fiscal fourth quarter, Donaldson’s cost of sales inched up 3.7% year over year to $600.6 million. Gross profit jumped 11.6% to $334.8 million. The gross margin increased 170 basis points (bps) to 35.8% on the back of higher sales and deflation in input costs.Operating expenses rose 5% year over year to $188.6 million. Operating profit increased 21.4% to $146.2 million. The operating margin was 15.6%, up 190 bps year over year.The effective tax rate was 21.3% compared with 21.7% in the year-ago quarter.\nBalance Sheet & Cash Flow of DCI\nExiting the fiscal fourth quarter, Donaldson’s cash and cash equivalents were $232.7 million compared with $187.1 million in the fourth quarter of fiscal 2023. Long-term debt was $483.4 million compared with $496.6 million in the fourth quarter of fiscal 2023.In fiscal 2024, the company generated net cash of $492.5 million from operating activities, indicating a decrease of 9.6% year over year. Capital expenditure (net) totaled $85.6 million compared with $118.5 million in the year-ago fiscal period. Free cash flow decreased 4.3% to $407.6 million. In the same time frame, management repaid its long-term debt of $228.8 million.It also used $162.7 million to repurchase stocks and $122.8 million to pay out dividends during fiscal 2024.\nDonaldson’s FY24 Outlook\nFor fiscal 2025 (ending July 2025), Donaldson expects adjusted earnings per share to be in the range of $3.56-$3.72 compared with $3.42 in fiscal 2024. Sales are anticipated to increase in the 2-6% band from the fiscal 2024 level. Positive pricing is projected to have an accretive impact of 1%.On a segmental basis, Mobile Solutions’ sales are expected to be flat to increase 4% from the fiscal 2024 level. Industrial Solutions’ sales are envisioned to jump in the range of 4-8% from the fiscal 2024 figure. The company forecasts its Life Sciences segment’s sales to increase in the low-double-digit range.Interest expenses are predicted to be approximately $21 million while other income is projected to be in the range of $16-$20 million. The effective tax rate is anticipated to be between 23% and 25%.Capital expenditure is expected to be between $85 million and $105 million. Free cash flow conversion is anticipated to be in the range of 85-95%. Share buybacks are expected to account for 2-3% of the outstanding shares.\nDCI’s Zacks Rank & Stocks to Consider\nDCI currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Some better-ranked companies from the same space are discussed below.Tetra Tech, Inc. TTEK presently has a Zacks Rank #2 (Buy). It delivered a trailing four-quarter average earnings surprise of 9.5%.In the past 60 days, the Zacks Consensus Estimate for TTEK’s fiscal 2024 earnings has risen 0.7%.Atmus Filtration Technologies Inc. ATMU currently carries a Zacks Rank of 2. It has a trailing four-quarter average earnings surprise of 13.4%.The consensus estimate for ATMU’s 2024 earnings has increased 3.1% in the past 60 days.Crane Company CR presently has a Zacks Rank of 2. It delivered a trailing four-quarter average earnings surprise of 11.2%.In the past 60 days, the Zacks Consensus Estimate for CR’s 2024 earnings has risen 2%.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nTetra Tech, Inc. (TTEK) : Free Stock Analysis Report\nDonaldson Company, Inc. (DCI) : Free Stock Analysis Report\nCrane Company (CR) : Free Stock Analysis Report\nAtmus Filtration Technologies Inc. (ATMU) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.27.0","shortVersion":"4.27.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2463991042"}