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Donaldson Company (DCI) Earnings Surge on Buybacks and Aerospace Growth
Donaldson Company (DCI) Earnings Surge on Buybacks and Aerospace Growth
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Donaldson Company’s stock rallied to $73.44 after posting a 7.6% jump in adjusted EPS to $0.99, fueled by aggressive share repurchases totaling 3.3% of outstanding shares year-to-date. The industrial filtration leader overcame $62 million in bioprocessing impairments with a 4.8% rise in adjusted net income to $118.9 million.
Aerospace & Defense revenues catapulted 27.1%, compensating for softness in Mobile Solutions. The company deployed $192 million in Q3 buybacks alongside a dividend hike, triggering a guidance upgrade and reinforcing bullish momentum. Management’s capital return strategy now outpaces sector peers.
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