Donaldson Company, Inc. (NYSE:DCI) Q1 2024 Earnings Call Transcript

So it’s ongoing relationship discussion as you talked about, but it’s – but they’re pretty frequent. They’re – at this point, I would tell you, they’re at least quarterly in discussion.

Dan Rizzo: Okay. And then you mentioned the slowness in China. A couple of things. One, can any of that slowdown in China be attributed to seasonality in front of the Chinese New Year? And then outside of China, and really in the U.S. and Europe, outside of ag, is it fair to say that things are generally okay or improving or growing? Is that how we’re thinking about the rest of the world, at least from here for here?

Tod Carpenter: Yes. If I look at the rest of the world, I would tell you – I’ll get to your China question in a second. But I would tell you, if we look at the whole world across construction, ag, mining, on-road sectors, I would tell you, the Americas, so the United States and LatAm continue to be solid. I would tell you, China obviously is the very troubled. It remains very troubled. I don’t think it has anything to do with Chinese New Year. It’s just a very troubled economy, and we’re looking for green shoots to start there, and we just have not seen signs. I would tell you, Europe, as we continue to look at Europe, I would suggest we have a tighter eye on Europe to understand maybe a little bit of a more cautious view of Europe, and we’ll see how that develops going forward. But that’s generally how we would give you the macro view geographically across our end markets.

Dan Rizzo: Thank you very much.

Operator: There are no further questions at this time. I will now turn the call back to Tod Carpenter for closing remarks.

Tod Carpenter: That concludes the call today. Thanks to everyone who participated, and I look forward to reporting our second quarter fiscal 2024 results in February. Have a great holiday, everyone. Goodbye.

Operator: This concludes today’s conference call. You may now disconnect.+