Donaldson reports Q1 adjusted EPS 94c, consensus 92c

Reports Q1 revenue $935.4M, consensus $922.94M. “Our Q1 results represent a strong start to fiscal 2026, driven by solid sales growth, leverage on higher sales and benefits from cost optimization initiatives,” said CEO Tod Carpenter. “In the face of a dynamic macro landscape, and consistent with the value created by our robust portfolio of businesses and product offerings, we gained market share in key businesses and grew replacement part sales through our razor-to-sell-razorblades model. Combined with ongoing expense management, we converted sales growth of 4% into 13% adjusted EPS growth. Given our robust first quarter performance, we are raising our full-year adjusted operating margin and adjusted EPS guidance. We remain on track to deliver a record fiscal 2026, with the midpoint of our expectations including sales of $3.8B, incremental margin of more than 40%, and high-single digit adjusted earnings growth.”