EVX - Why Is Filtration Company Donaldson Stock Jumping Premarket Today? | Benzinga
Donaldson Company, Inc. (NYSE:DCI) shares are trading higher after the company reported third-quarter FY24 results and raised EPS guidance.
Sales increased 6.0% Y/Y to $927.9 million beating the consensus of $915.8 million, led by higher volume growth and pricing benefits.
By Segment, Mobile Solutions sales surged 5.5% Y/Y and Industrial Solutions sales grew 2.9% Y/Y, aided by higher volumes and pricing.
Life Sciences segment sales increased 24.2% Y/Y, led by strong volume growth from Bioprocessing Equipment sales timing and Disk Drive.
Gross margin expanded 260 basis points Y/Y to 35.6% on higher sales, pricing benefits and, input cost ...