Donaldson Company, Inc. (NYSE:DCI) Q3 2022 Earnings Conference Call June 1, 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 & President

Conference Call Participants

Brian Drab - William Blair

Rob Mason - Baird

Adam Farley - Stifel

Operator

Good morning. My name is Chris and I'll be your conference operator today. At this time, I'd like to welcome everyone to the Donaldson Third Quarter 2022 Earnings Conference Call. [Operator Instructions] Thank you.

Sarika Dhadwal, Director Investor Relations, you may begin.

Sarika Dhadwal

Good morning. Thank you for joining Donaldson's third quarter 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 third quarter performance and details on our outlook for the balance of fiscal 2022.

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.

Tod Carpenter

Thanks, Sarika. Good morning, everyone. Before getting into our performance this quarter, I want to make a few comments about the impact of the ongoing conflict in Eastern Europe. From a business perspective, we complied with all sanctions and have taken a further step to stop direct product shipments into Russia and Belarus. As a reminder, our sales to this region represent less than 2% of total company sales and we are not forecasting any revenue for the foreseeable future. On the personal side, on behalf of the Donaldson team, I would like to extend our support and sympathy to all of those impacted.

We recently donated €150,000 to the Polish Red Cross which is facilitating relief efforts with the Ukrainian Red Cross. Several of our local teams in Europe have also contributed by creating various donation drive to help the communities where they operate. These actions exemplify our commitment to corporate responsibility which has always been an important part of Donaldson. To that end, this quarter, we also published our fiscal 2021 sustainability report in which we outlined our commitment and efforts in reducing our environmental impact, engaging and empowering our people and maintaining our strong corporate governance.