Donaldson is a global provider of filtration products, systems and technologies serving industrial and transportation markets through OEMs, dealers, distributors and eCommerce channels.

# Donaldson Company, Inc.

## Business focus
Donaldson is a global provider of filtration solutions and technologies aimed at advancing filtration for a cleaner world. The company develops and offers filtration products and systems supported by research and development, manufacturing, and customer service capabilities. Sales are conducted through OEMs, dealers, distributors, and eCommerce channels.

## Size and workforce
- Approximately 15,500 full-time employees as of July 31, 2026.  
- About 60% of employees work in production-related roles.  
- Production facilities supplement staff with contingent labor when needed.

## Global footprint
- Corporate headquarters and primary research facilities in Minneapolis, Minnesota.  
- Administrative and engineering offices and regional research facilities across EMEA, APAC, and LATAM.  
- Manufacturing and distribution operations worldwide.

## Products, markets, and customers
- Product portfolio includes filtration media and filtration systems for industrial applications across multiple product lines and related services.  
- Serves customers in cyclical industries such as construction, agriculture, mining, oil and gas, transportation, power generation, and disk drives.  
- Multi-channel distribution approach supports a broad customer base. No single customer accounted for 10% or more of net sales in fiscal 2026, 2025, or 2024.

## Acquisition activity and assets
- Acquired Facet Filtration. As part of the acquisition, the company recorded $587.4 million of goodwill and $225.6 million in intangible assets; these assets may be subject to impairment if Facet underperforms expectations.  
- Integration of the acquisition introduces operational, financial, and regulatory considerations.

## Strategic and operational considerations
Donaldson continues to pursue continuous improvement and productivity initiatives, investing in technology, product development, and customer service to maintain competitiveness. The company maintains commitments to safety, sustainability, and community engagement, and incorporates governance, risk management, and cybersecurity into its enterprise risk framework.

Donaldson Company, Inc. is a global leader in technology-led filtration products and solutions, serving various industries with innovative technologies since 1915.

# Donaldson Company, Inc. - Summary

## Business Overview
Donaldson Company, Inc. is a global leader in technology-led filtration products and solutions, established in 1915. The company serves a wide range of industries and advanced markets with its innovative filtration technologies designed to meet stringent performance requirements.

### Key Facts
- **Founded**: 1915
- **Headquarters**: Minneapolis, Minnesota, USA
- **Employees**: Approximately 14,000 (58% in production-related roles)
- **Global Presence**: Approximately 150 locations across six continents, with 77 manufacturing and/or distribution centers.

## Market Segments and Revenue
Donaldson operates through three main reportable segments:

1. **Mobile Solutions**
   - **% of Fiscal Year 2024 Revenue**: 62.8%
   - **Products**: Includes replacement filters for air and liquid filtration applications, and filtration housings for new equipment production. 
   - **Key Customers**: Original equipment manufacturers (OEMs) in sectors like construction, mining, agriculture, and transportation.
   - **Net Sales (FY 2024)**: Approximately $2,250.8 million.

2. **Industrial Solutions**
   - **% of Fiscal Year 2024 Revenue**: 29.7%
   - **Products**: Encompasses industrial air filtration, industrial gases, industrial hydraulics, power generation, and aerospace and defense products. 
   - **Key Customers**: Industrial customers, including OEMs, distributors, and direct-to-consumer markets.
   - **Net Sales (FY 2024)**: Approximately $1,066.5 million.

3. **Life Sciences**
   - **% of Fiscal Year 2024 Revenue**: 7.5%
   - **Products**: Includes bioprocessing equipment and consumables, food and beverage filtration, medical devices, microelectronics, and disk drives.
   - **Key Customers**: Primarily large OEMs and end users requiring advanced filtration systems.
   - **Net Sales (FY 2024)**: Approximately $269.0 million.

### Total Revenue
- **Total Revenue (FY 2024)**: Approximately $3,586.3 million, an increase of 4.5% compared to FY 2023 ($3,430.8 million).
  
### Income
- **Net Income (FY 2024)**: Approximately $414.0 million, which represents a net earnings increase of 15.4% compared to FY 2023 ($358.8 million).
- **Net Earnings Per Share (Diluted)**: $3.38 for FY 2024, compared to $2.90 for FY 2023.

## Strategic Focus
Donaldson aims to drive profitable growth through three strategic priorities:

1. **Extend Market Access**
   - Expand presence in bioprocessing markets and alternative power solutions.

2. **Expand Technologies and Solutions**
   - Leverage foundational filtration capabilities to improve technology and service offerings, including expanding connected services for Industrial Solutions.

3. **Pursue Strategic Acquisitions**
   - Focus on strengthening capabilities in bioprocessing and penetrating underserved markets.

## Customers
- Donaldson serves a broad customer base, from small business owners to large OEM brands, delivering reliable filtration solutions tailored to meet specific performance needs. While no single customer accounts for 10% or more of net sales, Donaldson maintains relationships with numerous clients in various sectors.

## Conclusion
As a leader in the filtration industry, Donaldson Company, Inc. continues to expand its offerings and market reach through technological innovation, strategic acquisitions, and a strong commitment to customer satisfaction. The company's robust financial performance reflects its successful operational strategies and global business model.

DONALDSON Co INC

10-K / September 25, 2026

10-K / September 27, 2024

10-K / September 25, 2026

Donaldson Company, Inc.

Business focus

Size and workforce

Global footprint

Products, markets, and customers

Acquisition activity and assets

Strategic and operational considerations