Donaldson Company, Inc. (DCI) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

ladies and gentlemen thank you for standing by my name is krista and i will be your conference operator today at this time i would like to welcome you to donaldson company's second quarter fiscal year 2026 earnings webcast and conference call 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 at that time simply press star, then the number one on your telephone keypad. And if you'd like to withdraw that question, simply press star one again. Thank you. I would now like to turn the conference over to Sarkar Dardwell, Head of Investor Relations. Please go ahead. Good morning. Thank you for joining Donaldson's second quarter fiscal 2026 earnings conference call. With me today are Todd Carpenter, Chairman, President, and CEO, Rich Lewis, incoming President and CEO, and Brad Pogles, Chief Financial Officer. This morning, we will provide a summary of our second quarter performance and our outlook for fiscal 2026. During today's call, we will discuss non-GAAP or adjusted results. For second quarter 2026, non-GAAP results exclude pre-tax charges of $6.7 million, including $2.9 million of restructuring and other and $3.8 million of business development charges. This compares to prior year pre-tax charges of $6.6 million, including $2.2 million of restructuring and other and $4.4 million of business development charges. 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 c...