Donaldson Company, Inc. $(DCI)$, a global leader in technology-led filtration products and solutions, reported its fiscal 2025 results, showing record fourth-quarter and full-year performance. The company achieved GAAP net earnings of $114.3 million for the fourth quarter, compared to $109.7 million in the same quarter of fiscal 2024. For the full year, GAAP net earnings totaled $367.0 million, down from $414.0 million in the previous year. Sales for the fourth quarter increased by 4.8% to $980.7 million, up from $935.4 million in 2024, attributed to higher volume, favorable currency translation, and pricing benefits. The full-year GAAP earnings per share $(EPS)$ were $3.05, compared to $3.38 in fiscal 2024. Looking ahead to fiscal 2026, Donaldson projects an interest expense between $22 million and $23 million and anticipates other income between $14 million and $18 million. The effective income tax rate is expected to range from 23.5% to 25.5%. Capital expenditures are forecasted to be between $65 million and $85 million, with free cash flow conversion projected to be between 85% and 95%. Additionally, the company plans to repurchase 2% to 3% of its outstanding shares over the full year.