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Oct 31, 2024
Donaldson Q1 2025 Earnings Report
Reported record first quarter earnings driven by robust sales growth and continued margin strength.
Key Takeaways
Donaldson reported a record first quarter with sales of $900.1 million, a 6.4% year-over-year increase. GAAP EPS was $0.81, up 8.1% versus prior year, and adjusted EPS was $0.83. The company reaffirmed its fiscal 2025 outlook.
First quarter sales reached $900.1 million, reflecting a 6.4% increase year-over-year.
GAAP EPS increased to $0.81, an 8.1% rise compared to the previous year.
Adjusted EPS for the first quarter was reported at $0.83.
The company is reaffirming its fiscal year 2025 outlook.
Donaldson
Donaldson
Donaldson Revenue by Geographic Location
Revenue by Geographic Location
U.S. / Canada Revenue
CapyFin.comEMEA Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.comLatin America Revenue
CapyFin.com Forward Guidance
The company reaffirmed its fiscal 2025 outlook. Adjusted full-year EPS is forecast to be between $3.56 and $3.72. Sales are expected to increase between 2% and 6% year over year, with a pricing benefit of approximately 1%.
Positive Outlook
- Mobile sales are projected to be flat to up 4% versus prior year.
- Off-Road sales are forecast to grow low-single digits from market share gains.
- Aftermarket sales are projected to increase low-single digits, driven by high vehicle utilization rates and market share gains.
- Industrial sales are forecast to grow between 4% and 8% versus 2024.
- IFS sales are projected to increase high-single digits with strength across most businesses, including dust collection, Industrial Hydraulics and Industrial Gases.
Challenges Ahead
- On-Road sales are expected to decrease low-double digits due to an exit from non-strategic product sales combined with unfavorable end-market conditions.
- Aerospace and Defense sales are expected to be flat after cycling against double-digit growth in the prior year.
- Life Sciences sales are forecast to increase low-double digits compared with prior year driven by growth in Disk Drive and Food & Beverage.
- Adjusted operating margin, driven by continued gross margin strength and operating expense leverage, is expected to be between 15.3% and 15.9% versus 15.2%, or 15.4% on an adjusted basis, in 2024.
- Interest expense is estimated to be approximately $21 million and other income is forecast to be between $16 million and $20 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income