Donaldson Company Provides COVID-19 Business Update, Announces Third Quarter 2020 Earnings Conference Call Date

Donaldson Company, Inc. (NYSE: DCI), a leading worldwide provider of innovative filtration products and solutions, today is providing a business update in response to the evolving COVID-19 pandemic.

“Our top priorities include the health and safety of our employees, fulfilling customer commitments and doing our part to help stop the spread of COVID-19, and I am extremely proud of how our company has responded,” said Tod Carpenter, chairman, president and chief executive officer. “I want to thank our employees for doing an excellent job coordinating and collaborating in this challenging environment, and I want to especially acknowledge our front-line workers for showing incredible dedication to our customers. We are honored to support the remarkable contributions of today’s heroes – those who are working on farms, transporting goods, producing food and medicine, and tirelessly protecting people’s health. On behalf of Donaldson Company, I thank all the people who keep our world moving forward.

“Donaldson has 105 years of experience managing complex and dynamic situations, and our robust capabilities are complemented by the strength of our diverse portfolio of filtration businesses. We support critical markets, including manufacturing, transportation, agriculture, defense and food and beverage, and we have a solid base of replacement part sales that make up more than 60 percent of our total sales. Additionally, our stable financial position allows us to continue pursuing long-term opportunities, like winning first-fit programs and expanding further into strategically important markets and geographies. Through our dedicated employees, deep customer relationships and strong value proposition as a technology-led filtration company, I am confident that we will successfully navigate this fluid environment.”

Prioritizing People

Donaldson has implemented a variety of countermeasures to promote the health and safety of its employees and their families during this pandemic, including business travel restrictions, remote work capabilities, social distancing practices, increased cleaning frequency and thoroughness, temperature screenings and quarantine protocols. The Company is also investing to support its employees during the outbreak, including COVID-19 paid leave and employee assistance programs. The Company’s practices and policies are informed by recommendations from public health authorities, such as the Centers for Disease Control and Prevention, European Centre for Disease Prevention and Control, and World Health Organization, which are being closely monitored by Donaldson’s crisis response team.