Donaldson reports Q1 EPS 75c, consensus 72c

Reports Q1 revenue $846.3M, consensus $855.06M. “I am pleased with our first quarter earnings results which reflect gross margin strength driven by robust operational performance,” said Tod Carpenter, chairman, president and chief executive officer. “We have begun fiscal 2024 on solid footing, delivering our technology-led filtration products and services to our customers globally. Industrial Solutions performance in the quarter was a particular area of strength, with our focused growth initiatives driving outstanding results.” “We continue to expect record sales and earnings in fiscal 2024 while investing for long-term profitable growth across our diversified portfolio. Ongoing investments in our Life Sciences business, R&D and the scaling of our acquisitions enable us to execute our balanced growth strategy and pave the way to achieving our fiscal 2026 Investor Day targets.”