Dover Corp (NYSE:DOV)

$ 206.51 0.17 (0.08%) Market Cap: 28.33 Bil Enterprise Value: 31.33 Bil PE Ratio: 18.47 PB Ratio: 4.97 GF Score: 75/100

Dover Corp at Goldman Sachs Industrials & Materials Conference (Virtual) Transcript

May 10, 2022 / 12:50PM GMT

Release Date Price: $129.95 (-1.63%)

Transcript

Joseph Alfred Ritchie

Goldman Sachs Group, Inc., Research Division - VP & Lead Multi-Industry Analyst

So with that, we kick off the next session. So really excited to have Dover's President and CEO, Rich Tobin. Rich, thank you for being here, and he had some prepared comments. So why don't I kick it over to you, and we'll get to Q&A after.

Richard Joseph Tobin

Dover Corporation - President, CEO & Director

Sure. Thanks, Joe. I'm not going to spend a lot of time here. This is the first slide of our Q1 performance. So I mean, the takeaways here is, we didn't change guidance for the full year and the top line growth and the amount of our backlog is up 54%. So in terms of the demand function, right now, we're seeing good things. This gives you a historical perspective in terms of the performance of the company since 2018. I will call them to attention to anybody that's beginning to worry about a recessionary environment in the future.

If you take a look at '20, which is the COVID year, which is a proxy of demand decline, you can see that we

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