October 5, 2015 (Shareholders Foundation) - An investigation on behalf of investors of Donaldson Company, Inc. (NYSE:DCI) shares over potential securities laws violations by Donaldson Company and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Donaldson Company, Inc. (NYSE:DCI) concerning whether a series of statements by Donaldson Company regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On September 1, 2015, Donaldson Company, Inc. reported its fourth quarter and full-year earnings.

Donaldson Company, Inc. reported that its Total Revenue declined from over $2.47 billion for the 12 months period that ended on July 31, 2014 to over $2.37 billion for the 12 months period that ended on July 31, 2015 and that its Net Income for those respective time period declined from $260.22 million to $208.11 million.

Then on September 29, 2015, Donaldson Company, Inc. announced announced that it has filed a Form 12b-25, Notification of Late Filing, with the U.S. Securities and Exchange Commission with regard to its Annual Report on Form 10-K for the year ended July 31, 2015. Donaldson Company, Inc. said that it was unable to file its Form 10-K by the Sept. 29, 2015, deadline because the Company has not yet completed an ongoing investigation related to the recognition of revenue for certain projects in its European Gas Turbine Products business.
Specifically, Donaldson Company, Inc. said that its Compliance Committee received reports from two former employees that revenue for a project in the European Gas Turbine Products business was improperly recognized in the second quarter of fiscal 2015 and that it initiated an internal investigation which verified the substance of the report and identified additional revenue transactions within the European Gas Turbine Products business involving the same improper practices.

Shares of Donaldson Company, Inc. (NYSE:DCI) declined to as low as $26.36 per share on September 29, 2015.