Donaldson turns to near sourcing to navigate supply chain storms

China 2820 Earnings 623 Industrials - Capital Goods 545 Mexico 815 Quote Watch 391 U.S. 5046

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 large surge in imports as well with growth of 61.2% year over year. CEO Tod Carpenter acknowledged the firm’s supply chain headwinds, noting that “the sharp increases in our raw material and freight costs” which has 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. Don...

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