- Donaldson had a somewhat mixed fiscal second quarter, as certain industrial markets remain weak, but off-highway machinery is recovering nicely, process filtration is growing strongly, and guidance was improved.
- The real sizzle to the Donaldson story remains the multibillion-dollar addressable market/revenue expansion opportunities in markets like food/beverage and life sciences.
- Donaldson offers a long-term annualized return on the higher end of high-quality industrials today, and filtration companies have often traded at robust premiums in the past.
For further details see:
Donaldson Still Leveraged To High-Quality Revenue Growth Upside