Donaldson Company, Inc. (DCI) Q3 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.359 Hello everyone. Thank you for joining us and welcome to the Donaldson Company 00:00:05.359 -- 00:00:11.329 third quarter fiscal year 2026 earnings webcast and conference call. 00:00:11.329 -- 00:00:15.936 After today's prepared remarks, we will host a question and answer session. 00:00:15.936 -- 00:00:21.044 If you would like to ask a question, please press star 1 to raise your 00:00:21.044 -- 00:00:26.052 hand. To withdraw your question, press star 1 again. 00:00:26.052 -- 00:00:32.085 I will now hand the conference over to Sarika Dodd-Wall, Head of Investor Relations. 00:00:32.085 -- 00:00:34.290 Please go ahead. 00:00:34.290 -- 00:00:39.461 Good morning. Thank you for joining Donaldson's third quarter fiscal 2026 earnings 00:00:39.461 -- 00:00:44.552 conference call. With me today are Rich Lewis, President and CEO, and Brad Pogel, 00:00:44.552 -- 00:00:49.034 Chief Financial Officer. This morning, we will provide a summary of our third quarter 00:00:49.034 -- 00:00:52.598 performance and our outlook for fiscal 2026. 00:00:52.598 -- 00:00:56.623 During today's call, we will discuss non-GAAP or adjusted results. 00:00:56.623 -- 00:01:02.390 For third quarter 2026, non-GAAP results exclude pre-tax charges of $9.8 00:01:02.390 -- 00:01:07.416 million, including $9 million of restructuring and other, and $800,000 00:01:07.416 -- 00:01:12.685 of business development charges. This compares to prior year pre-tax charges 00:01:12.685 -- 00:01:19.133 of $65.8 million, including $4.2 million of restructuring and other, $800,000 00:01:19.133 -- 00:01:24.761 of business development charges, $62 million for the impairment of intangible assets, 00:01:24.761 -- 00:01:29.187 and a $1.2 million gain on the sale of fixed assets. 00:01:29.187 -- 00...