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Donaldson Company's (DCI) CEO Tod Carpenter on Q2 2018 Results - Earnings Call Transcript

Mar. 06, 2018 2:37 PM ETDonaldson Company, Inc. (DCI)
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Donaldson Company, Inc. (NYSE:DCI) Q2 2018 Results Earnings Conference Call March 6, 2018 10:00 AM ET


Brad Pogalz - Director, IR

Tod Carpenter - Chairman, President, and CEO

Scott Robinson - VP and CFO


Kyle Dicke - William Blair

Jim Giannakouros - Oppenheimer

Charley Brady - SunTrust Robinson Humphrey

Nick Cecero - Jefferies


Good morning. My name is Virgil and I will be your conference operator today. At this time I would like to welcome everyone to the Donaldson Second Quarter Fiscal Year 2018 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session.

Thank you. Brad Pogalz, you may begin your conference.

Brad Pogalz

Thanks Virgil. Good morning. Thank you for joining Donaldson's second quarter 2018 earnings conference call. With me today is Tod Carpenter, Chairman, President, and CEO of Donaldson; and Scott Robinson, Chief Financial Officer. This morning Tod and Scott will provide an overview of our recent performance and fiscal 2018 outlook along with an update on some of our strategic priorities.

During today's call, we may reference non-GAAP metrics such as adjusted tax rates and adjusted earnings per share. You can find a reconciliation of GAAP to non-GAAP metrics within the schedules attached to this morning's press release.

I want to remind everyone that any forward-looking statements made during this call are subject to risks and uncertainties, the most important of which are described in our press release and SEC filings.

Now, I'll turn the call over to Tod Carpenter. Tod?

Tod Carpenter

Thanks Brad. Good morning everyone. At the halfway point in our fiscal year, we have excellent sales traction and support of market conditions around the world. Second quarter sales increased in every business unit and the sales for both

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