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Donaldson Company, Inc. (DCI) CEO Tod Carpenter on Q2 2020 Results - Earnings Call Transcript

Mar. 05, 2020 2:06 PM ETDonaldson Company, Inc. (DCI)
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Donaldson Company, Inc. (NYSE:DCI) Q2 2020 Results Conference Call March 5, 2020 10:00 AM ET

Company Participants

Brad Pogalz - Director of Investor Relations

Tod Carpenter - Chairman, President and Chief Executive officer

Scott Robinson - Senior Vice President and Chief Financial Officer

Conference Call Participants

Brian Drab - William Blair & Company

Dan Rizzo - Jefferies

Adam Farley - Stifel


Ladies and gentlemen, thank you for standing by and welcome to the Donaldson’s Fiscal 2020 Second Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions]

I would now like to hand the conference over to your speaker today Mr. Brad Pogalz, Director of Investor Relations. Please go ahead, sir.

Brad Pogalz

Thanks, Megan. Good morning. Thank you for joining Donaldson’s second quarter 2020 earnings conference call. With me today are Tod Carpenter, Chairman, CEO and President of Donaldson; and Scott Robinson, our Chief Financial Officer. This morning, Tod and Scott will provide a summary of our second quarter performance and an overview of what we are planning for the balance of the year.

During today’s call, we may reference non-GAAP metrics. Please note that there is 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, which are described in our press release and SEC filings.

With that, I'll now turn the call over to Todd carpenter. Todd?

Tod Carpenter

Thanks Brad. Good morning everyone. We delivered strong profit performance in second quarter. Our initiatives to increase gross margin are building momentum and we are controlling expenses in a softer-than-expected demand environment. We are managing those things under our control

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