Donaldson Company, Inc. (DCI) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

by. My name is Tiffany and I will be your conference operator today. At this time, I would like to welcome everyone to the Donaldson Company Q1 FY26 earnings webcast. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during that time, Simply press star, then the number one on your telephone keypad. I would now like to turn the call over to Sarika Dogwal, head of investor relations. Sarika, please go ahead. Good morning. Thank you for joining Donaldson's first quarter fiscal 2026 earnings conference call. With me today are Todd Carpenter, chairman, president, and CEO, Brad Pogles, chief financial officer, and Rich Lewis, Chief Operating Officer. This morning, Todd and Brad will provide a summary of our first quarter performance and our outlook for fiscal 2026. During today's call, we will discuss non-GAAP or adjusted results. First quarter 2026 non-GAAP results exclude a pre-tax gain on the sale of fixed assets of $9.3 million and a pre-tax charge of $5 million for restructuring and other charges primarily related to footprint optimization and cost reduction initiatives. A reconciliation of GAAP to non-GAAP metrics is provided within the schedules attached to this morning's press release. Additionally, please keep in mind that any forward-looking statements made during this call are subject to risks and uncertainties which are described in our press release and SEC filings. With that, I will now turn the call over to Todd. Thanks, Sarika. Good morning, everyone. Donaldson Company's first quarter results were strong. And I'm proud of what our team was able to accomplish. Growing sales, operating profit margin, and earnings. We delivered once a...