DONALDSON Co INC Earnings Per Share Disclosure
| Year Ended July 31, | ||||||||||||||||||||
| 2025 | 2024 | 2023 | ||||||||||||||||||
| Net earnings | $ | 367.0 | $ | 414.0 | $ | 358.8 | ||||||||||||||
| Weighted average common shares outstanding | ||||||||||||||||||||
| Weighted average common shares – basic | 118.7 | 120.7 | 121.8 | |||||||||||||||||
| Dilutive impact of stock-based awards | 1.7 | 1.9 | 1.8 | |||||||||||||||||
| Weighted average common shares – diluted | 120.4 | 122.6 | 123.6 | |||||||||||||||||
| Net EPS – basic | $ | 3.09 | $ | 3.43 | $ | 2.95 | ||||||||||||||
| Net EPS – diluted | $ | 3.05 | $ | 3.38 | $ | 2.90 | ||||||||||||||
| Stock options excluded from net EPS calculation | 0.7 | 0.0 | 0.0 | |||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Sep 26, 2025 | Showing above |
| 2024 | Sep 27, 2024 | |
| 2023 | Sep 22, 2023 | |
| 2022 | Sep 23, 2022 | |
| 2021 | Sep 24, 2021 | |
| 2020 | Sep 25, 2020 | |
| 2019 | Sep 27, 2019 | |
| 2018 | Oct 1, 2018 | |
| 2017 | Sep 22, 2017 | |
| 2016 | Sep 23, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.