Dear Donaldson Team,
The markets presented significant challenges the past year, and I am very proud of the dedication and resilience all of you have shown. As a company, we maintained an unwavering commitment to our customers while intensifying our focus on operational efficiency. Additionally, we made great progress on strengthening the company for future growth, which included the completion of COMPASS and advancing our acquisition strategy with the addition of EPC to our company.
Looking to FY2017, our plan, indeed our commitment, is modest and embraces the realities of our end markets. We are actively pursuing growth in aftermarket sales while also remaining focused on winning new first-fit programs. These and our other commitments for FY2017 are shared in the attachment. I am confident that achieving these priorities will position us well for future growth and success.
Thank you for all you do every day to support our customers.
Happy New Year!
Tod