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Dover Corp (DOV) Q1 2021 Earnings Call Transcript

Operator Good morning, and welcome to Dover s First Quarter 2021 Earnings Conference Call. Speaking today are Richard J. Tobin, President and Chief Executive Officer; Brad Cerepak, Senior Vice President and Chief Financial Officer; and Andrey Galiuk, Vice President of Corporate Development and Investor Relations. After the speakers remarks, there will be a question and answers period. [Operator Instructions] Thank you. I would now like to turn the call over to Mr. Andrey Galiuk. Please go ahead, sir. Andrey Galiuk Vice President of Corporate Development and Investor Relations Thank you, Laurie. Good morning, everyone, and thank you for joining our call. This call will be available for playback through May 4th, and the audio portion of this call will be archived on our website for three months.

Dover Reports First Quarter 2021 Results; Raises 2021 Annual Guidance

Dover Reports First Quarter 2021 Results; Raises 2021 Annual Guidance News provided by Share this article Share this article DOWNERS GROVE, Ill., April 20, 2021 /PRNewswire/ Dover (NYSE: DOV), a diversified global manufacturer, announced its financial results for the first quarter ended March 31, 2021. Three Months Ended March 31, ($ in millions, except per share data) 2021 % 1 Q1 2021 and 2020 net earnings include rightsizing and other costs of $3.1 million and $6.3 million, respectively. Q1 2020 also includes a $5.0 million non-cash after-tax gain on the sale of Chino. 2 Q1 2021 and 2020 adjusted net earnings exclude after tax acquisition-related amortization costs of $26.8 million and $25.7 million, respectively, and rightsizing and other costs of $3.1 million and $6.3 million, respectively. Q1 2020 also excludes a $5.0 million non-cash after-tax gain on the sale of Chino.

Dover Announces Acquisition of AvaLAN Wireless Systems Incorporated, a Leading Provider of Secure Networking Solutions

Dover Announces Acquisition of AvaLAN Wireless Systems Incorporated, a Leading Provider of Secure Networking Solutions
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Destaco Introduces PGM40, New Part Positioner

Destaco Introduces PGM40, New Part Positioner
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SWEP Heat Exchangers Integrated with Hysopt Design Software

SWEP Heat Exchangers Integrated with Hysopt Design Software
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