Dover Corporation (DOV) CEO Richard Tobin on Q2 2022 Results - Earnings Call Transcript

Dover Corporation. (NYSE:DOV) Q2 2022 Earnings Conference Call July 21, 2022 9:00 AM ET

Company Participants

Jack Dickens - Senior Director, Investor Relations

Richard Tobin - President and CEO

Brad Cerepak - Senior Vice President and CFO

Conference Call Participants

Andrew Obin - Bank of America

Jeff Sprague - Vertical Research

Scott Davis - Melius Research

Joe Ritchie - Goldman Sachs

Steve Tusa - JPMorgan

Andrew Kaplowitz - Citi Group

Josh Pokrzywinski - Morgan Stanley

Deane Dray - RBC Capital Markets

Brett Linzey - Mizuho

Nigel Coe - Wolfe Research

Operator

Good morning, and welcome to the Dover's Second Quarter 2022 Earnings Conference Call. Speaking today are Rich Tobin, President and Chief Executive Officer; Brad Cerepak, Senior Vice President and Chief Financial Officer; and Jack Dickens, Senior Director of Investor Relations. [Operator Instructions] As a reminder, ladies and gentlemen, this conference call is being recorded, and your participation in prior consent the recording of this call. If you do not read these terms, please disconnect at this time. Thank you.

And I would now like to turn the call over to Mr. Jack Dickens. Please go ahead, sir.

Jack Dickens

Thank you, Emma. Good morning, everyone, and thank you for joining our call. An audio version of this call will be available on our website through August 11. The replay link of the webcast will be archived for three months.

Dover provides non-GAAP information. Reconciliations between GAAP and adjusted measures are included in our investor supplement and presentation materials, which are available on our website. Our comments today will include forward-looking statements based on current expectations. Actual results and events could differ from those statements due to a number of risks and uncertainties, which are discussed in our SEC filings. We assume no obligation to update our forward-looking statements.

With that, I will turn the call over to Rich.

Richard Tobin

Thanks, Jack. Good morning, everybody. Let's start with the performance highlights on Slide three. Our team delivered a strong second quarter performance, which related to record quarterly revenue and sequential year-over-year earnings growth.

Consolidated organic revenue growth of 7% in the quarter as our businesses continue to capitalize on strong backlogs and pricing actions continue to take hold. We believe our ability to execute and provide needed capacity in today's challenging environment has led to noteworthy share gains in multiple markets, which is positive for our continued growth.