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

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WEBVTT 00:00:00.031 -- 00:00:04.257 by. My name is Tiffany and I will be your conference operator today. 00:00:04.257 -- 00:00:09.644 At this time, I would like to welcome everyone to the Donaldson Company 00:00:09.644 -- 00:00:14.251 Q1 FY26 earnings webcast. 00:00:14.251 -- 00:00:18.857 All lines have been placed on mute to prevent any background noise. 00:00:18.857 -- 00:00:22.703 After the speaker's remarks, there will be a question and answer session. 00:00:22.703 -- 00:00:28.343 If you would like to ask a question during that time, Simply press star, 00:00:28.343 -- 00:00:31.446 then the number one on your telephone keypad. 00:00:31.446 -- 00:00:36.891 I would now like to turn the call over to Sarika Dogwal, head of investor relations. 00:00:36.891 -- 00:00:39.834 Sarika, please go ahead. 00:00:39.834 -- 00:00:45.039 Good morning. Thank you for joining Donaldson's first quarter fiscal 2026 earnings 00:00:45.039 -- 00:00:50.765 conference call. With me today are Todd Carpenter, chairman, president, and CEO, 00:00:50.765 -- 00:00:55.838 Brad Pogles, chief financial officer, and Rich Lewis, Chief Operating 00:00:55.838 -- 00:01:00.891 Officer. This morning, Todd and Brad will provide a summary of our first quarter 00:01:00.891 -- 00:01:05.084 performance and our outlook for fiscal 2026. 00:01:05.084 -- 00:01:09.549 During today's call, we will discuss non-GAAP or adjusted results. 00:01:09.549 -- 00:01:14.554 First quarter 2026 non-GAAP results exclude a pre-tax gain on the 00:01:14.554 -- 00:01:20.221 sale of fixed assets of $9.3 million and a pre-tax charge 00:01:20.221 -- 00:01:25.687 of $5 million for restructuring and other charges primarily related to footprint 00:01:25.687 -- 00:01:28.810 optimization and cost reduction initiatives. 00:01:28.810 -- 00:01:33...