Donaldson Company, Inc. (DCI) Presents at Morgan Stanley's 14th Annual Laguna Conference Transcript

SA Transcripts 162.21K Followers Follow Donaldson Company, Inc. ( DCI ) Morgan Stanley's 14th Annual Laguna Conference September 15, 2026 1:00 PM EDT Company Participants Brad Pogalz - Chief Financial Officer Conference Call Participants Angel Castillo Malpica - Morgan Stanley, Research Division Presentation Angel Castillo Malpica Morgan Stanley, Research Division Okay. Thanks, everyone, for joining us. For those who don't know me, Angel Castillo, Head of U.S. Machinery and Construction here at Morgan Stanley. Appreciate your time and appreciate Brad Pogalz, CFO of Donaldson as well as Sarika Dhadwal, Head of IR at Donaldson, joining us today. Thank you both so much. Brad Pogalz Chief Financial Officer Happy to be here. Thank you. Angel Castillo Malpica Morgan Stanley, Research Division Yes. Maybe before we just get started, just a quick disclaimer. For important disclosures, please see Morgan Stanley research disclosure website at www.morganstanley.com/researchdisclosures. If you have any questions, please reach out to your Morgan Stanley representative. Question-and-Answer Session Angel Castillo Malpica Morgan Stanley, Research Division And with that, Brad, if we could just dive right in. I think the best place that I was hoping we could kick off the discussion is just you've been in your seat now for nearly 2 years, and Rich has also been in his seat now as CEO for a little bit. Just can you talk about how the strategy has evolved or changed now that Rich has had more time and yourself to kind of settle into your seats and really absorb where the business is headed and whether you decide to make changes around the strategy. Where do you see the opportunities to invest, to optimize, to change the direction, if at all, if you could just talk about that. Brad Pogalz Chief Financial Officer Sure, sure. And maybe a bit of the background on it. I've been with the company for 11