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Jul 31, 2021
Donaldson Q4 2021 Earnings Report
Reported record sales and earnings, with Q4 sales increasing by 25.2% and EPS rising by 32%.
Key Takeaways
Donaldson Company reported a strong fourth quarter and full-year fiscal 2021, achieving record sales and earnings. Q4 sales increased by 25.2% compared to the previous year, and GAAP EPS rose by 32%. The company's performance reflects strong execution and strategic investments, positioning it well for continued success in fiscal 2022.
Achieved record sales and earnings in fiscal 2021.
Q4 sales increased 25.2% versus Q4 2020.
Q4 GAAP EPS of $0.66, up 32% compared to fiscal 2020.
Drove year-over-year growth in gross margin and leveraged expenses.
Revenue by Geographic Location
Forward Guidance
Donaldson expects fiscal 2022 GAAP EPS between $2.50 and $2.66, and net sales are projected to increase between 5% and 10%.
Positive Outlook
- Fiscal 2022 Engine sales are projected to increase between 5% and 10%.
- On-Road sales are projected to be up in the low single-digits.
- Off-Road sales are projected to increase in the low double-digits.
- Engine Aftermarket sales are projected to grow in the mid-single-digits.
- Industrial sales are projected to increase between 6% and 11%.
Challenges Ahead
- Fiscal 2022 gross margin is expected to be flat to down slightly compared to 2021, primarily due to increased raw material costs.
- The first half of fiscal 2022 is expected to experience more significant gross margin pressure than the second half due to the timing of pricing actions and the comparison to favorable raw material costs in the first half of 2021.
- Special Applications sales are expected to decline in the low single-digit range, primarily driven by expected declines in disk drive filter sales
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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