Donaldson Company, Inc. (DCI) is a vertically integrated filtration company engaged in the production and marketing of products used as a means to improve performance efficiency and air quality. Its products are used by a variety of industry sectors, including commercial/industrial (engines, exhausts, transmissions, vents in private vehicles, hydraulics), aerospace (helicopters, planes), chemical, alternative energy (windmills) and pharmaceuticals. As a multinational company it operates in Belgium, Mexico, China, UK, Thailand, USA, Russia, Japan, Italy, Germany and France. In fiscal year 2015 33.0% of operating income came from business in the Asia-Pacific region (was 33.8% in 2014), 33.3% from Europe (33.7% in 2014) and 15.7% from the US (20.3% in 2014). The company also makes aftermarket parts. There was significant growth in the size of the company in terms of market value in 2009, going from about $2 billion at the start of the year to $3.26 billion in May 2010. Although sales were steady between 2007 and 2010 long term debt rose 98.6% over that period; Long term debt increased 44% in 2008 and remained near that level until January 2011 when it fell 17% quarter to quarter (then fell a further 3% by January 2012). No single customer contributes more than 10% of revenue. The company has been recognized for innovations made in air filter technology (since 2008 annual spending on research and development has exceeded $40.6 million). It has also participated in technological advancements associated with fuel cells.
Reported before open today (6/2/16) Earnings: EPS $0.43 Revenue $571.3M Estimates: EPS $0.39 Revenue $550.79M Up 7.30% today
