Exiting first-quarter fiscal 2024, Donaldson's cash and cash equivalents were $217.8 million compared with $187.1 million recorded in the fourth quarter of fiscal 2023. Long-term debt was $366.6 million compared with $496.6 million reported in the fourth quarter of fiscal 2023. In the first three months of fiscal 2024, Donaldson repaid its long-term debt of $73.8 million. In the same time, DCI generated net cash of $138.0 million from operating activities, reflecting an increase of 16.8% from the year-ago figure. Capital expenditure (net) totaled $23.2 million compared with $28.1 million in the year-ago fiscal period. Free cash flow increased 27.4% to $114.8 million. DCI also used $53.3 million to repurchase treasury stocks and $30.2 million to pay out dividends during the first three months of fiscal 2024.