Donaldson Company Inc. (NYSE: DCI) saw its stock price surge 6.98% in pre-market trading on Tuesday following the release of its third-quarter fiscal 2025 financial results. The filtration products maker reported better-than-expected earnings and raised its full-year guidance, demonstrating resilience in a challenging economic environment.
For the quarter ended April 30, Donaldson reported adjusted earnings of $0.99 per share, surpassing analysts' expectations of $0.95 and marking a 7.6% increase from the same period last year. The company's sales also beat estimates, coming in at $940.1 million compared to the expected $933.4 million, representing a 1.3% year-over-year increase.
In light of the strong performance, Donaldson raised its fiscal 2025 outlook. The company now expects adjusted earnings per share to be between $3.64 and $3.70, up from the previous guidance of $3.60 to $3.68. Additionally, Donaldson anticipates full-year sales growth of 1% to 3%, demonstrating confidence in its future performance despite ongoing economic uncertainties. The company also announced an 11% increase in its quarterly dividend, further boosting investor confidence.