Donaldson Company Inc at Credit Suisse Global Industrials Conference Transcript

Dec 01, 2022 / 03:15PM GMT
Unidentified Analyst -

Okay. So joining us today, we have Tod Carpenter, Chairman, President and CEO of Donaldson; as well as Scott Robinson, CFO; and Sarika Dhadwal, the Head of IR of Donaldson. So thanks for joining us today.

Questions and Answers:

Unidentified Analyst -

So I guess I'd like to kick it off with some questions on -- so I think yesterday, you guys reported first quarter earnings, and you updated the guide. So I think overall, you reaffirmed your guidance, but there were some different nuances. For example, I think volume growth was kind of assumed to maybe lower. And sales in the Engine segment was higher and Industrial segment was maybe weaker. So I just wanted to kind of get your -- the thought process behind your updated guidance.

Tod E. Carpenter - Donaldson Company, Inc. - Chairman, CEO & President

Sure. So what we reported yesterday and really in the outlook of the guide, we felt like we took a balanced approach to what we're seeing in the marketplaces. We had a wonderful first quarter. Our Engine
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