Donaldson reports Q2 EPS 81c, consensus 74c

Reports Q2 revenue $876.7M, consensus $873.6M. “Our Q2 results reflect strength in several key businesses across all three operating segments,” said Tod Carpenter, chairman, president and CEO.”Through our diversified business model, we delivered solid sales growth and gross margin expansion as we worked to meet the needs of our customers and deliver on our purpose of Advancing Filtration for a Cleaner World.” “Given our confidence in executing on our strategic growth initiatives while investing for future profitable growth for the remainder of the year, we are increasing our earnings expectations for fiscal 2024. Looking ahead, our commitment to delivering higher levels of profitability on higher sales through our balanced growth strategy will enable us to achieve our fiscal 2026 Investor Day targets and continue to return value to our shareholders.”