Donaldson Company, Inc. (NYSE:DCI) Q4 2022 Earnings Conference Call August 31, 2022 10:00 AM ET

Company Participants

Sarika Dhadwal - Director of Investor Relations

Scott Robinson - Senior Vice President & Chief Financial Officer

Tod Carpenter - Chairman, Chief Executive Officer and President

Conference Call Participants

Bryan Blair - Oppenheimer

Daniel Rizzo - Jefferies

Dillon Cumming - Morgan Stanley

Brian Drab - William Blair

Rob Mason - Baird

Adam Farley - Stifel

Operator

Good morning ladies and gentlemen. Thank you for standing by. Welcome to Donaldson Company’s Fourth Quarter and Full Year 2022 Earnings Conference Call. [Operator Instructions] I would now like to turn the call over to Sarika Dhadwal Director of Investor Relations. Please go ahead.

Sarika Dhadwal

Good morning. Thank you for joining Donaldson’s fourth quarter and full year fiscal 2022 earnings conference call. With me today are Tod Carpenter, Chairman, CEO and President; and Scott Robinson, Chief Financial Officer. This morning, Tod and Scott will provide a summary of our fourth quarter performance and details on our outlook for fiscal 2023.

New and beginning this quarter, we are also providing investors with a supplemental quarterly earnings presentation summarizing our results and outlook which can be found on our Investor Relations website@ir.donaldson.com.

As a reminder, during today's call, we will reference non-GAAP metrics. 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'll now turn the call over to Tod Carpenter. Please go ahead.

Tod Carpenter

Thanks, Sarika Good morning everyone. Fiscal 2022 was a challenging year given the macroeconomic and geopolitical environment. And I'm really proud of the way our team rallied together in support of our mission of advancing filtration for a cleaner world. We ended the year with revenue over $3 billion, including a $1 billion contribution from our industrial business.

Adjusted earnings per share were $2.68 in line with our most recent guidance. We also returned $281 million to shareholders in the form of dividends and share buybacks. We lived up to our principle of enriching our communities throughout the year and gave back for example, donating to the relief efforts in Eastern Europe and delivering meals to our employees in Shanghai during the recent COVID-19 lockdowns. We also achieved our fiscal 2022 ESG goal of reducing our CO2 emissions by 6000 metric tons, representing a 5% reduction from the 2019 baseline.