Donaldson (DCI) Q2 2026 Earnings Call Transcript

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Thu, February 26, 2026 astatine 10:55 AM CST 39 min read

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Thursday, Feb. 26, 2026 astatine 10 a.m. ET

• Chairman & Chief Executive Officer — Tod Carpenter

• President & Chief Executive Officer — Rich Lewis

• Chief Financial Officer — Brad Pogalz

Tod Carpenter: Thanks, Sarika. Good morning, everyone. Donaldson Company, Inc. achieved grounds income successful the 2nd 4th arsenic we worked hard to conscionable beardown lawsuit request crossed each 3 of our segments. Our underlying concern is robust arsenic evidenced by our precocious backlogs and continued beardown bid intake. While we faced short-term execution challenges successful our Industrial segment, we saw spot successful areas specified arsenic autarkic aftermarket wrong Mobile Solutions and Food and Beverage and disk thrust wrong Life Sciences. We besides announced the acquisition of Facet, the largest acquisition successful institution history, which I volition sermon successful a fewer minutes.

Entering the 2nd fractional of the year, I person assurance successful the spot of our enactment and our committedness to present connected our updated fiscal 2026 outlook, which represents grounds income of astir $3.8 cardinal with operating borderline and adjusted net per stock astatine all-time highs. Throughout our history, our talented planetary teams person demonstrated a committedness to present for each of our stakeholders, including our customers, shareholders, and employees.

We continually bash this done our enactment presumption successful filtration, which was built connected decades of solving our customers' astir hard filtration problems; our best-in-class exertion uniquely almighty due to the fact that we absorption connected filtration capabilities and past leverage these technologies crossed markets; our quality to assistance customers conscionable evolving biology goals by helping to support equipment, processes, and people; and our clear, strategic, and balanced maturation strategy. This is however we person and volition proceed to win. In precocious January, we announced our adjacent President and CEO, Rich Lewis, effectual adjacent week connected March 2.

This modulation reflects a semipermanent succession readying process that comes astatine a clip erstwhile we are good positioned for the aboriginal acknowledgment to the talent, dedication, and subject of our planetary team. Rich has been with Donaldson Company, Inc. since 2002 and has been our Chief Operating Officer since August. On behalf of the full organization, I privation to congratulate him and I look guardant to his aboriginal success. Before I crook it implicit to Rich to sermon our 2nd 4th results successful much detail, I privation to interaction connected our caller acquisition of Facet, which we are precise excited about.