Donaldson Company, Inc. (NYSE:DCI) Q1 2025 Earnings Conference Call December 3, 2024 10:00 AM ET

Company Participants

Tod Carpenter - Chairman, President, Chief Executive Officer
Brad Pogalz - Chief Financial Officer
Scott Robinson - Former CFO, Strategic Advisor
Sarika Dhadwal - Senior Director of Investor Relations

Conference Call Participants

Angel Castillo - Morgan Stanley
Bryan Blair - Oppenheimer
Brian Drab - William Blair
Dan Rizzo - Jeffries
Adam Farley - Stifel
Rob Mason - Baird

Operator

Thank you for standing by. And welcome to the Donaldson Company First Quarter Fiscal Year 2025 Earnings 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. [Operator Instructions]. Thank you.

I'd now like to turn the call over to Sarika Dhadwal, Senior Director of Investor Relations. You may begin.

Sarika Dhadwal

Good morning. Thank you for joining Donaldson's first quarter fiscal 2025 earnings conference call. With me today are Tod Carpenter, Chairman, President and CEO; and Brad Pogalz, Chief Financial Officer. Also on the call is Scott Robinson, Former CFO and current Strategic Advisor.

This morning, Tod and Brad will provide a summary of our first quarter performance and reaffirm our outlook for fiscal 2025. During today's call, we will discuss non-GAAP or adjusted results. For first quarter 2025, non-GAAP results exclude pre-tax restructuring and other charges of $3.3 million, primarily related to cost reduction initiatives in the Life Sciences segment.

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 call over to Tod.

Tod Carpenter

Thanks, Sarika. Good morning.

Before we get started, on behalf of the Board of Directors and Donaldson Company, I want to thank Scott Robinson for his contributions over the past nine years. We are better as an organization because of him. He led us through several significant global initiatives, which undoubtedly resulted in improved financial performance and shareholder value creation.

He also built a world-class finance team, the best Donaldson Company has ever had. So, Scott, enjoy your retirement. You've earned it, and we look forward to hearing stories about your continued adventures, hunting, fishing, traveling, and the like.