Donaldson Company

Donaldson Company, Inc.
Company typePublic
NYSE: DCI
S&P 400 Component
IndustryFiltration Engines
Membranes Gas Turbines
Valves Hydraulics
Founded1915
HeadquartersBloomington, Minnesota, U.S.
Key people
Tod E. Carpenter Chief Executive Officer, President and Director
Scott Robinson, Chief Financial Officer
RevenueSteady$2220.3 mil Decrease6.4% 2016 FY[1][2]
$274.2 mil Decrease4.9% 2016 FY[1][3]
$190.8 Decrease8.3% 2016 FY[1]
Total assets$1.7886 bil (July 2016)Steady
Number of employees
11,700 (July 31, 2016)
DivisionsEngine
Industrial
WebsiteDonaldson 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).

As a multinational company it operates in Belgium, Mexico, China, UK, Czech Republic, Malaysia, Thailand, USA, South Africa, Russia,[4] 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).[1] 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.[5][6] 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).[7] It has also participated in technological advancements associated with fuel cells.[8]

Donaldson Company is generally well-regarded for its innovative culture and a strong benefits package, which includes 401(k) matching and healthcare.

  1. ^ a b c d "Donaldson Company Annual Report 2016" (PDF). September 23, 2016.
  2. ^ "Donaldson Company Annual Report 2015". November 10, 2015.
  3. ^ "DONALDSON CO INC, Form 10-K, Annual Report, Filing Date Sep 27, 2013" (PDF). secdatabase.com. Retrieved May 15, 2018.
  4. ^ "Donaldson in Russia". 2013-06-19.
  5. ^ "Donaldson Net Rises; Phillips-Van Heusen Net Loss". 2010-05-25. Archived from the original on 2011-07-07. Retrieved 2010-09-21.
  6. ^ "Donaldson:Looks Like the Streak Is Over". 2009-02-26.
  7. ^ "Donaldson Recognized by Frost & Sullivan for Product Innovation in Automotive Air Filters Aftermarket". 2006-02-14.
  8. ^ "Donaldson Company and Los Alamos National Laboratory Join Forces". 2003-04-22. Archived from the original on 2016-03-04. Retrieved 2010-09-20.