Donaldson Company, Inc. · NYSE:DCI
Donaldson — Q3 2026 Earnings Presentation
14 slides from Donaldson's earnings presentation, Jun 2, 2026
Slide 1: Third Quarter Fiscal Year 2026
DONALDSON COMPANY THIRD QUARTE R FISCAL YEAR 2026 JUNE 2026
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: Third Quarter 2026 Update and Overview
Third Quarter 2026 Update and Overview Positioning for Long-Term Growth ✓ Delivered record third quarter, including expected notable sequential step-up in margin performance, including all- time high sales, adjusted operating margin and adjusted earnings Key ✓ Optimization initiatives and expense di
Slide 5: Third Quarter FY26 Overview & Highlights
Third Quarter FY26 Overview & Highlights Sales ($M) Adjusted Operating Margin(1) Adjusted Diluted EPS(1) Up 3.1% YoY Constant Currency Basis $995 16.6% $940 +6% +30bps $1.06 16.3% +7% $0.99 Q3’25 Q3’26 Q3’25 Q3’26 Q3’25 Q3’26 Highlights Highlights Highlights • +2% YoY contribution from price • Adjus
Slide 6: Optimization and Expansion Actions Expected to Yield Higher Margins Exiting FY26
Optimization and Expansion Actions Expected to Yield Higher Margins Exiting FY26 Adjusted Operating Margin Enhanced position Higher, sustainable margins Strong, consistent performance Temporary step • Increasing operating leverage back • Power Gen manufacturing with higher efficiency • Footprint opt
Slide 7: Mobile Solutions Segment Third Quarter FY26 Results
Mobile Solutions Segment Third Quarter FY26 Results Third Quarter Overview Sales • Total Sales YoY: +8% reported and +5% on a constant currency basis • Sales increased as a result of higher volumes, favorable currency translation, and net pricing benefits • Aftermarket sales driven by growth in all
Slide 8: Industrial Solutions Segment Third Quarter FY26 Results
Industrial Solutions Segment Third Quarter FY26 Results Third Quarter Overview Sales • Total Sales YoY: -1% reported and -3% on a constant currency basis • Sales decreased as lower volumes more than offset favorable net pricing and currency translation • Industrial Filtration Solutions sales increas
Slide 9: Life Sciences Segment Third Quarter FY26 Results
Life Sciences Segment Third Quarter FY26 Results Third Quarter Overview Sales • Total Sales YoY: +13% reported and +8% constant currency basis • Higher sales driven by robust Food and Beverage and Disk Drive volume growth • Performance by region YoY: • US/CA +32% • EMEA +7% Q3’26 Q3’25 YoY • APAC +1
Slide 10: Balance Sheet and Cash Flow Overview
Balance Sheet and Cash Flow Overview Net Debt and Financial Leverage $600 $544 1.2x Net Debt(1) ($M) Net Debt to Adj. $404 Highlights $400 0.9x EBITDA(1) $333 0.8x 0.6x $200 0.5x 0.6x • Adjusted free cash flow conversion(1,2) of 89% in Q3’26 $0 0.3x Q3'24 Q3'25 Q3'26 • Returned $35 million to shareh
Slide 11: Updated Fiscal 2026 Organic Financial Outlook
Updated Fiscal 2026 Organic Financial Outlook(1) Total Company Sales Growth Segment Outlook Current Prior (Q2’26) Current Prior (Q2’26) +3 to +5% +1% to 5% Total Sales +3.5% to 5.5% +2% to 6% Off-Road + Mid-single digits + Mid-single digits Total Company Gross Margin On-Road - Low-single digits Flat
Slide 12: Appendix
Appendix 12
Slide 13: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures ($ in millions, except per share amounts) (Unaudited) 13
Slide 14: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures ($ in millions, except per share amounts) (Unaudited) 14