Donaldson Company (DCI) Q3 FY26 earnings call

A record top-line quarter with a sharp sequential margin recovery, as Mobile and Life Sciences strength offset temporary Industrial inefficiencies from the Power Gen Mexico transition and completed footprint closures. Management frames Q3 gross margin as the low point, sees a clear path to eliminating the drag by mid-FY27, and pivots capital toward paying down Facet acquisition debt while continuing its multi-decade dividend record.