DONALDSON Co INC

Listed Company

DCICIK 0000029644NYSELarge AcceleratedIndustrial & Commercial Fans & Blowers & Air Purifing EquipDelawareFY ends Jul 31

Period

FY 2025

Revenue

—

Net Income

$367.00M

Total Assets

$2.98B

Equity

$1.45B

Shares Out

115.81M

Op. Cash Flow

$418.80M

Business

Donaldson Company, Inc. provides technology‑led filtration products and solutions for industrial, mobile and life‑science markets. It offers air, liquid and gas filtration systems, filtration media and housings, emissions controls, bioprocessing equipment and consumables, plus connected services and aftermarket support. Its reportable segments are Mobile Solutions, Industrial Solutions and Life Sciences, serving OEMs and applications such as power generation, aerospace and bioprocessing. Donaldson sells through OEM channels, distributors and direct sales across North America, EMEA, Asia Pacific and Latin America via global manufacturing and distribution networks.

Summary from filing dated 2025-09-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-07-31	FY 2024 2024-07-31	FY 2023 2023-07-31	FY 2022 2022-07-31	FY 2021 2021-07-31
Net sales	3,691	3,586	3,431	3,307	2,854
Cost of sales	2,405	2,312	2,270	2,239	1,882
Gross profit	1,286	1,274	1,161	1,067	972
Selling, general and administrative	641	637	602	555	519
Loss on impairment of intangible assets	62	0	0	—	—
Research and development	88	94	78	69	68
Operating expenses	791	730	680	624	587
Operating income	495	544	480	444	385
Interest expense	24	21	19	15	—
Other income, net	−21	−13	−8	−10	−9
Earnings before income taxes	492	535	469	438	381
Income taxes	125	121	110	106	94
Net earnings	367	414	359	333	287
Weighted average shares basic (in shares)	119	121	122	124	126
Weighted average shares diluted (in shares)	120	123	124	125	128
Net earnings per share basic (in usd per share)	3.09	3.43	2.95	2.69	2.27
Net earnings per share diluted (in usd per share)	3.05	3.38	2.9	2.66	2.24

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-07-31	FY 2024 2024-07-31	FY 2023 2023-07-31	FY 2022 2022-07-31	FY 2021 2021-07-31
Cash and cash equivalents	180	233	187	193	223
Accounts receivable, less allowances of $2.9 and $6.3, respectively	662	630	600	617	553
Inventories, net	514	477	418	502	385
Prepaid expenses and other current assets	106	99	81	94	84
Total current assets	1,462	1,438	1,286	1,407	1,244
Property, Plant and Equipment, Net	645	646	653	594	618
Goodwill	494	478	481	346	323
Intangible assets, net	97	172	188	100	62
Other long-term assets	280	180	162	154	154
Total assets	2,977	2,914	2,771	2,600	2,400
Short-term borrowings	31	28	34	4	49
Current maturities of long-term debt	7	25	125	0	0
Accounts payable	369	379	305	339	294
Accrued employee compensation and related taxes	144	141	119	114	127
Income taxes payable	44	43	32	32	18
Other current liabilities	163	166	85	91	92
Total current liabilities	757	783	756	630	607
Long-term debt	630	483	497	644	461
Non-current income taxes payable	19	40	57	69	81
Deferred income taxes	11	16	32	33	27
Other long-term liabilities	107	103	108	91	88
Total liabilities	1,524	1,425	1,450	1,467	1,263
Commitments and contingencies (Note 18)	—	—	—	—	—
Preferred stock, $1.00 par value, 1,000,000 shares authorized, none issued	0	0	0	0	0
Common stock, $5.00 par value, 240,000,000 shares authorized, 151,643,194 shares issued	758	758	758	758	758
Additional paid-in capital	36	27	25	17	6
Retained earnings	2,610	2,378	2,088	1,846	1,608
Accumulated other comprehensive loss	−181	−199	−173	−206	−118
Treasury stock, 35,600,740 and 31,533,192 shares, respectively, at cost	−1,770	−1,475	−1,378	−1,282	−1,130
Total stockholders equity	1,454	1,489	1,321	1,133	1,137
Total liabilities and stockholders equity	2,977	2,914	2,771	2,600	2,400

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-07-31	FY 2024 2024-07-31	FY 2023 2023-07-31	FY 2022 2022-07-31	FY 2021 2021-07-31
Depreciation and amortization	100	98	92	94	95
Equity in earnings of affiliates, net of distributions	−4	−5	−1	300,000	−2
Deferred income taxes	−24	−24	−15	−1	−6
Stock-based compensation expense	24	22	20	20	14
Other, net	−6	4	7	11	20
Accounts receivable, net	−21	−39	30	−101	−93
Inventories, net	−32	−66	100	−148	−56
Prepaid expenses and other current assets	6	−28	17	−11	−5
Accounts payable	−6	80	−39	51	107
Income taxes payable	−34	4	−12	5	−4
Accrued employee compensation and related taxes and other current liabilities	−13	32	−14	−9	46
Net cash provided by operating activities	419	493	545	253	402
Purchases of property, plant and equipment	−79	−86	−119	−86	−59
Proceeds from sale of property, plant and equipment	2	700,000	400,000	400,000	700,000
Equity investment	−71	0	0	—	—
Acquisitions, net of cash acquired	−2	−2	−209	−69	0
Net cash used in investing activities	−150	−87	−327	−154	−58
Proceeds from long-term debt	388	120	189	289	8
Repayments of long-term debt	−265	−229	−220	−90	−170
Change in short-term borrowings	1	−6	30	−44	45
Purchase of treasury stock	−332	−163	−142	−171	−142
Payment of contingent consideration	−6	−2	0	0	—
Dividends paid	−132	−123	−114	−110	−107
Tax withholding for stock compensation transactions	−6	−8	−4	−2	−4
Exercise of stock options	29	54	38	13	36
Net cash used in financing activities	−322	−356	−222	−114	−363
Effect of exchange rate changes on cash	1	−4	−1	−14	6
(Decrease) increase in cash and cash equivalents	−52	46	−6	−30	−14
Income taxes paid	176	148	141	102	106
Interest paid	22	23	21	12	11
Accrued property, plant and equipment additions	11	14	19	16	7
Leased assets obtained in exchange for new operating lease liabilities	24	23	32	17	12

Filings

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