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Donaldson FILTRATION SOLUTIONS For more information , contact : Charley Brady ( 952 ) 887-3753 Charley.Brady@Donaldson.com Donaldson Company Reports Third Quarter Earnings Strength across all regions drives sales to a quarterly record of $ 765 million Third quarter 2021 EPS increased 32 % to $ 0.66 from $ 0.50 in 2020 Fiscal 2021 sales guidance increased to a range of 9 % to 11 % growth Fiscal 2021 GAAP EPS raised to a range of $ 2.20 to $ 2.26 and adjusted EPS to a range of $ 2.28 to $ 2.34 MINNEAPOLIS ( June 2 , 2021 ) — Donaldson Company , Inc. ( NYSE : DCI ) ( the Company ) today reported third quarter 2021 net earnings of $ 84.4 million compared with $ 63.4 million in 2020. Earnings per share ( EPS ) ¹ for the third quarter 2021 increased 32 % to $ 0.66 compared to $ 0.50 in 2020 . " Donaldson's third quarter sales were the highest quarterly sales in our 106 - year history and reflected strength in the economy as seen in our Engine segment and the beginning of recovery in our Industrial segment , ” said Tod Carpenter , chairman , president and chief executive officer . " Additionally , although we faced pressures from our supply chain , raw material costs , and sales mix , we were able to offset this with volume leverage and recorded a year - over - year increase in gross margin of 50 basis points to 33.7 % . We continue to expand our leadership position in filtration technology as we deliver on our strategy to increase our addressable market and generate higher returns . “ With one quarter left in our fiscal year and customer demand at a high level for most of our businesses , we are confident the sales momentum we experienced in the third quarter will carry through our fiscal year - end . While challenges in supply chain are expected to continue through the fourth quarter of fiscal 2021 , we are increasing our 2021 sales guidance due to our strong third quarter sales results along with continued strength in our Engine Off - Road and Aftermarket businesses , an uptick in our On - Road business , and increasing momentum in our Industrial segment . Total sales are expected to increase between 9 % and 11 % , compared with prior guidance of between 5 % and 8 % . I am proud of how our Donaldson employees have worked together tirelessly to address the challenges related to the COVID - 19 pandemic and supply chain constraints while managing increased demand for our products to ensure we meet the needs of our customers and advance filtration for a cleaner world . " ' All earnings per share figures refer to diluted earnings per share . -more-