Donaldson Company
Donaldson Company, Inc. is a vertically integrated filtration company engaged in the production and marketing of air filters used in a variety of industry sectors, including commercial/industrial (engines, exhausts, transmissions, vents in private vehicles, hydraulics), aerospace (helicopters, planes), chemical, alternative energy (windmills) and pharmaceuticals. Also the company's research division, located in Minneapolis, Minn., participated in defense-related projects for various military applications (see below).
| Company type | Public |
|---|---|
Traded as | NYSE: DCI S&P 400 Component |
| Industry | Filtration Engines Membranes Gas Turbines Valves Hydraulics |
| Founded | 1915 |
| Headquarters | Bloomington, Minnesota, U.S. |
Key people | Tod E. Carpenter Chief Executive Officer, President and Director Scott Robinson, Chief Financial Officer |
| Revenue | $2220.3 mil 6.4% 2016 FY |
| $274.2 mil 4.9% 2016 FY | |
Net income | $190.8 8.3% 2016 FY |
| Total assets | $1.7886 bil (July 2016) |
Number of employees | 11,700 (July 31, 2016) |
| Divisions | Engine Industrial |
| Website | Donaldson Company |
As a multinational company it operates in Belgium, Mexico, China, UK, Czech Republic, Malaysia, Thailand, USA, South Africa, Russia, Japan, Italy, Germany and France. In fiscal year 2016 20.3% of sales came from business in the Asia-Pacific region (up from 19.9%), 28.5% from Europe (vs 28.3%) and 42.2% from the US (42.5% in 2015). The company also makes aftermarket parts.
There was significant growth in the size of the company in terms of market value in 2009, going from about $2 billion at the start of the year to $3.26 billion in May 2010. Although sales were steady between 2007 and 2010 long term debt rose 98.6% over that period; Long term debt increased 44% in 2008 and remained near that level until January 2011 when it fell 17% quarter to quarter (then fell a further 3% by January 2012). No single customer contributes more than 10% of revenue.
The company has been recognized for innovations made in air filter technology (since 2008 annual spending on research and development has exceeded $40.6 million). It has also participated in technological advancements associated with fuel cells.