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Donaldson turns to near sourcing to navigate supply chain storms

China 2871 Earnings 647 Industrials - Capital Goods 555 Mexico 829 Quote Watch 417 U.S. 5149

Donaldson Company, a maker of filtration and exhaust systems, released FQ3’21 (to April 30) revenues which climbed 21.5% year over year, beating analysts’ expectations by 8.1 percentage points. Panjiva data’s shows a significant surge in imports of 61.2% year over year in the same period. CEO Todd Carpenter acknowledged the firm’s supply chain headwinds, noting that “the sharp increases in our raw material and freight costs” have led the firm to “focus on pricing actions to mitigate the impact on our margins.” This provides a further indicator of inflation moving through supply chains. D...

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