Donaldson Company, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended January 31, 2024
February 28, 2024 at 06:00 am EST
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Donaldson Company, Inc. reported earnings results for the second quarter and six months ended January 31, 2024. For the second quarter, the company reported sales was USD 876.7 million compared to USD 828.3 million a year ago. Net income was USD 98.7 million compared to USD 86 million a year ago. Basic earnings per share from continuing operations was USD 0.82 compared to USD 0.71 a year ago. Diluted earnings per share from continuing operations was USD 0.81 compared to USD 0.7 a year ago.
For the six months, sales was USD 1,723 million compared to USD 1,675.6 million a year ago. Net income was USD 190.8 million compared to USD 173.2 million a year ago. Basic earnings per share from continuing operations was USD 1.58 compared to USD 1.42 a year ago. Diluted earnings per share from continuing operations was USD 1.56 compared to USD 1.4 a year ago.
Donaldson Company, Inc. provides technology-led filtration products and solutions, serving a range of industries and advanced markets. The Company operates in three segments: Mobile Solutions, Industrial Products, and Life Sciences. The Mobile Solutions segment consists of the Off-Road, On-Road and Aftermarket business units. Its products include replacement filters for both air and liquid filtration applications as well as exhaust and emissions. The Industrial Solutions segment consists of the Industrial Filtration Solutions (IFS) and Aerospace and Defense business units. The products under IFS business units include dust, fume and mist collectors and air filtration systems for gas turbines. The Life Sciences segment consists of micro-environment gas and liquid filtration for food, beverage and industrial processes, bioprocessing equipment. The Company also offers biomanufacturing solutions for cell and gene therapy research, development, and commercial manufacturing.
DONALDSON COMPANY, INC. 
