dover Q107_Slides

- Dover Corporation reported record first quarter revenue, earnings, and bookings. Revenue increased 18% year-over-year to $1.8 billion and earnings per share grew 5% to $0.67. - Segment margins declined 210 basis points to 13.0% due to weaker performance in Automation & Test end-markets and higher costs. However, organic growth was 3.8% and acquisition growth was 12.0%. - Free cash flow decreased 82% to $16.7 million due to higher compensation and benefits payments, taxes, and capital expenditures. The company expects full-year free cash flow to be 8-10% of revenue.