Donaldson Company, Inc. · NYSE:DCI
Donaldson — Q2 2026 Earnings Presentation
15 slides from Donaldson's earnings presentation, Feb 26, 2026
Slide 1: Second Quarter Fiscal Year 2026
DONALDSON COMPANY S EC O N D Q U A RTER F IS C AL Y E AR 2 0 2 6 FEBRUARY 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: Second Quarter 2026 Update and Overview
Second Quarter 2026 Update and Overview Positioning for Long-Term Growth Delivered on strong customer demand and made further progress on footprint optimization initiatives Key Announced acquisition of Facet Filtration, expanding portfolio with high-performance fuel and fluid filtration for Upda
Slide 5: Second Quarter FY26 Overview & Highlights
Second Quarter FY26 Overview & Highlights Sales ($M) Adjusted Operating Margin(1) Adjusted Diluted EPS(1) Down 0.1% YoY Constant Currency Basis $896 $0.83 Flat $0.83 +3% $870 15.2% -120bps 14.0% Q2’25 Q2’26 Q2’25 Q2’26 Q2’25 Q2’26 Highlights Highlights Highlights • +2% YoY contribution from price •
Slide 6: Mobile Solutions Segment Second Quarter FY26 Results
Mobile Solutions Segment Second Quarter FY26 Results Second Quarter Overview Sales • Total Sales YoY: +2% reported and -1% on a constant currency basis • Sales increased as currency and pricing more than offset volume declines • Aftermarket sales driven by solid independent channel sales, partially
Slide 7: Industrial Solutions Segment Second Quarter FY26 Results
Industrial Solutions Segment Second Quarter FY26 Results Second Quarter Overview Sales • Total Sales YoY: +2% reported and flat on a constant currency basis • Sales increased as currency translation and pricing were partially offset by volume declines, particularly in Aerospace and Defense, followin
Slide 8: Life Sciences Segment Second Quarter FY26 Results
Life Sciences Segment Second Quarter FY26 Results Second Quarter Overview Sales • Total Sales YoY: +16% reported and +10% constant currency basis • Higher sales driven by strong new equipment sales in Food and Beverage and Disk Drive, combined with benefits from currency translation • Performance by
Slide 9: Facet: Overview
Facet: Overview High-performance fuel and fluid filtration Highlights for mission-critical applications Designs and manufactures filter elements, housings, and integrated $108M 38% ~70% systems Sales1 EBITDA Margin1 Consumables Sales Trusted in applications where safety, Sales by End Market1 Sales b
Slide 10: Facet: Transaction Summary
Facet: Transaction Summary Acquisition of Facet from Filtration Group Price & Purchase price of $820M in cash Valuation Represents 20.0x CY2025 EBITDA; 16.6x including expected tax benefit and cost synergies $108M of revenue in CY2025, growing at high single digits Financial $41M of EBITDA
Slide 11: Balance Sheet and Cash Flow Overview
Balance Sheet and Cash Flow Overview Net Debt and Financial Leverage $600 1.2x $486 Net Debt(1) ($M) Net Debt to Adj. $420 $388 Highlights $400 0.9x EBITDA(1) 0.7x 0.7x 0.6x $200 0.6x • Adjusted free cash flow conversion(1,2) of 18% in Q2’26 $0 0.3x • Lower conversion driven by increased working cap
Slide 12: Updated Fiscal 2026 Financial Outlook
Updated Fiscal 2026 Financial Outlook(1) Total Company Sales Growth Segment Outlook No Change Current Prior (Q1’26) +1 to +5% Total Sales +2% to 6% +0% to 4% Off-Road + Mid-single digits + Mid-single digits Total Company Gross Margin On-Road Flat Flat No Change Mobile Solutions Aftermarket + Mid-sin
Slide 13: Appendix
~. fa I \S Donaldson Appendix 13
Slide 14: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures ($ in millions, except per share amounts) (Unaudited) 14
Slide 15: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures ($ in millions, except per share amounts) (Unaudited) 15