June 2008 -- For 2007 Donaldson Co. reported that growth and diversification continue. The company cited a
strong business climate, particularly in Europe and Asia, that contributed to overall revenue
growth of 13%, leading to another record revenue year and its 18th consecutive year of record
earnings.
The highlights include:
Full year operating margins of 11%
Record earnings per share, which were up 18% from last year and
Return on shareholder equity of 25%.
"We achieved these results in spite of a significant downturn in our North American truck
business," said Bill Cook, chairman, president and CEO in a company statement. "The NAFTA heavy
-duty truck business is still a very important part of our company. However, as a result of our
diversification efforts over the past two decades, it is now about 6% of our total sales. The
strength of our other businesses, together with some help from current exchange rates, more than
offset the impact of the market conditions in the heavy-duty truck business."
