Donaldson Company, Inc. · NYSE:DCI
Donaldson — Q1 2026 Earnings Presentation
13 slides from Donaldson's earnings presentation, Dec 4, 2025
Slide 1: First Quarter Fiscal Year 2026
DONALDSON COMPANY F I R ST Q U AR TER FI S C AL Y E AR 2 0 2 6 December 2025
Slide 2: Forward-Looking Statement Safe Harbor
Forward-Looking Statement Safe Harbor Statements in this presentation regarding future events and expectations, such as forecasts, plans, trends, and projections relating to the Company’s business and financial performance, are forward-looking statements within the meaning of the Private Securities
Slide 3: Invest with Donaldson
Invest with Donaldson Leader in filtration with long history of solving the most difficult filtration problems and 1 forming mission critical partnerships across global customer base Best-in-class technology and strategic organizational redesign strengthens ability to 2 drive long-term profitable gr
Slide 4: First Quarter 2026 Update and Overview
First Quarter 2026 Update and Overview Continuing Strong Financial and Operational Performance Gained market share in key businesses and increased replacement part and new equipment sales Key Cost optimization efforts are strengthening the foundation for higher levels of profitability Updates
Slide 5: First Quarter FY26 Overview & Highlights
First Quarter FY26 Overview & Highlights Sales ($M) Adjusted Operating Margin(1) Adjusted Diluted EPS(1) Up 2.6% YoY Constant Currency Basis $0.94 +4% $935 +13% $900 15.5% +60 bps $0.83 14.9% Q1’25 Q1’26 Q1’25 Q1’26 Q1’25 Q1’26 Highlights Highlights Highlights • Nearly 2% YoY contribution from price
Slide 6: Mobile Solutions Segment First Quarter FY26 Results
Mobile Solutions Segment First Quarter FY26 Results First Quarter Overview Sales • Total Sales YoY: +5% reported and +3% on a constant currency basis • Sales increase mainly driven by pricing, volume growth, and currency translation • Performance by region YoY: • US/CA +2% • EMEA +4% • APAC +9% Q1’2
Slide 7: Industrial Solutions Segment First Quarter FY26 Results
Industrial Solutions Segment First Quarter FY26 Results First Quarter Overview Sales • Total Sales YoY: Flat as reported and -1% constant currency basis • Sales were approximately flat compared with prior year with positive pricing and currency translation offsetting volume declines • Performance by
Slide 8: Life Sciences Segment First Quarter Results
Life Sciences Segment First Quarter FY25 Results First Quarter Overview Sales • Total Sales YoY: +13% reported and +10% constant currency basis • Higher sales driven by strong new equipment sales in Food and Beverage and Disk Drive • Performance by region YoY: • US/CA +24% Q1’26 Q1’25 YoY • EMEA +9%
Slide 9: Balance Sheet and Cash Flow Overview
Balance Sheet and Cash Flow Overview Net Debt and Financial Leverage $600 1.2x $470 Net Debt(1) ($M) $434 $421 Net Debt to Adj. Highlights $400 0.9x EBITDA(1) 0.7x 0.7x 0.6x $200 0.6x • Adjusted free cash flow conversion(1,2) of 101% $0 0.3x • Above historical averages due to improved working capita
Slide 10: Updated Fiscal 2026 Financial Outlook
Updated Fiscal 2026 Financial Outlook(1) Total Company Sales Growth Segment Outlook Current Prior (Q4’25) Current Prior (Q4’25) +1% to 5% +1% to 5% Total Sales +0% to 4% +0% to 4% Off-Road + Mid-single digits + Mid-single digits Total Company Gross Margin On-Road Flat + High-single digits Current Pr
Slide 11: Appendix
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Slide 12: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures ($ in millions, except per share amounts) (Unaudited) 12
Slide 13: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures ($ in millions, except per share amounts) (Unaudited) 13