Donaldson Q2 Earnings Call Highlights

Pogalz said the company expects volume pressures to abate in the second half given strong backlogs and Donaldson’s typical second-half sales step-up, with sequential improvement in gross margin and full-year expansion still contemplated in the forecast.CFO Brad Pogalz said gross margin declined to 33.7%, down 150 basis points year over year and below the company’s expectations. He attributed the decline to several factors, including:Operating margin in the quarter was 14%, down from 15.2% a year earlier. Ad ...