Donaldson Company First Quarter 2023 Earnings: Revenues Beat Expectations, EPS In Line

Donaldson Company (NYSE:DCI) First Quarter 2023 Results

Key Financial Results

• Revenue: US$847.3m (up 11% from 1Q 2022).

• Net income: US$87.2m (up 13% from 1Q 2022).

• Profit margin: 10% (in line with 1Q 2022).

• EPS: US$0.71 (up from US$0.62 in 1Q 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Donaldson Company Revenues Beat Expectations

Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in the US.

Performance of the American Machinery industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Donaldson Company that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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