Donaldson reports mixed Q4 results, raises FY25 outlook

MINNEAPOLIS – Filtration products maker Donaldson Company, Inc. (NYSE:) reported fourth quarter earnings that beat analyst estimates, while revenue fell short of expectations. The company also provided an upbeat outlook for fiscal 2025.

Donaldson posted adjusted earnings per share of $0.94 for Q4, surpassing the analyst consensus of $0.89. Revenue came in at $935 million, below the $942.85 million analysts were expecting.

Sales increased 6.4% YoY, driven by a 12.6% jump in Aftermarket sales within the Mobile Solutions segment and a 39.7% surge in Aerospace and Defense sales in the Industrial Solutions segment. However, Off-Road and On-Road sales declined 13% and 11.8% respectively.

“In fourth quarter, we delivered an all-time high level of profitability through solid sales and robust margin expansion while continuing to invest for the future, capping off a record year for Donaldson,” said Tod Carpenter, chairman, president and CEO.

Looking ahead, Donaldson forecast fiscal 2025 adjusted EPS of $3.56 to $3.72, above the $3.37 consensus estimate. The company expects full year sales growth of 2% to 6% compared to fiscal 2024.

Donaldson also updated its fiscal 2026 financial targets, projecting total company sales growth of 3% to 7% through fiscal 2026 and operating margin of 15.8% to 16.6% in fiscal 2026.

The company returned approximately $286 million to shareholders through share repurchases and dividends in fiscal 2024.

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