Donaldson Company, Inc. Revises Earnings Guidance for the Fiscal Year 2022
December 01, 2021 at 06:00 am EST
Share
Donaldson Company, Inc. revised earnings guidance for the fiscal year 2022. The company is increasing its fiscal 2022 sales and EPS guidance to reflect better than expected sales in the first quarter, combined with the anticipated incremental impact of additional price increases planned for the remainder of the year. Net sales are projected to increase between 8% and 12% year-over-year, up from previous guidance of an increase of between 5% and 10%. Sales growth during the first half of the year is expected to outpace the second half of the year as sequential year-over-year comparisons become more difficult. Fiscal 2022 GAAP EPS is now expected to be between $2.57 and $2.73, versus a previous range of between $2.50 and $2.66.
Donaldson Company, Inc. provides technology-led filtration products and solutions, serving a range of industries and advanced markets. The Company operates in three segments: Mobile Solutions, Industrial Products, and Life Sciences. The Mobile Solutions segment consists of the Off-Road, On-Road and Aftermarket business units. Its products include replacement filters for both air and liquid filtration applications as well as exhaust and emissions. The Industrial Solutions segment consists of the Industrial Filtration Solutions (IFS) and Aerospace and Defense business units. The products under IFS business units include dust, fume and mist collectors and air filtration systems for gas turbines. The Life Sciences segment consists of micro-environment gas and liquid filtration for food, beverage and industrial processes, bioprocessing equipment. The Company also offers biomanufacturing solutions for cell and gene therapy research, development, and commercial manufacturing.