Dover Slides Post Q1 Results, Reaffirms FY22 Guidance
Dover Corp (NYSE:DOV) reported first-quarter FY22 revenue growth of 9.9% year-over-year to $2.05 billion and +9% organic, beating the consensus of $2.03 billion. Adjusted EPS improved to $1.90 from $1.81 in 1Q21, beating the consensus of $1.83. Gross margin contracted by 240 bps to 36.2%. Total segment margin declined to 16.5% from 19%…
Benzinga ·
Benzinga
