Dover Corporation's (DOV) CEO Richard Tobin on Q1 2022 Results - Earnings Call Transcript

Dover Corporation (NYSE:DOV) Q1 2022 Earnings Conference Call April 21, 2022 9:00 AM ET

Company Participants

Richard Tobin - President and CEO

Brad Cerepak - Senior Vice President and CFO

Jack Dickens - Senior Director, Investor Relations

Conference Call Participants

Jeff Sprague - Vertical Research Partners

Andy Kaplowitz - Citigroup

Steve Tusa - J.P. Morgan

Scott Davis - Melius Research

Joe Ritchie - Goldman Sachs

Andrew Obin - Bank of America

Julian Mitchell - Barclays

Josh Pokrzywinski - Morgan Stanley

Nigel Coe - Wolfe Research

Operator

Good morning. And welcome to Dover’s First Quarter 2022 Earnings Conference Call. Speaking today are Richard J. Tobin, President and Chief Executive Officer; Brad Cerepak, Senior Vice President and Chief Financial Officer; and Jack Dickens, Senior Director, Investor Relations. After the speakers’ remarks, there will be a question-and-answer period. [Operator Instructions]

As a reminder, ladies and gentlemen, this conference call is being recorded and your participation implies consensual recording of this call. If you do not agree with these terms, please disconnect at this time.

Thank you. And it is now my pleasure to turn the call over to Mr. Jack Dickens. Sir, please begin.

Jack Dickens

Thank you, Chelsea. Good morning, everyone, and thank you for joining our call. An audio version of our call will be available on our website through May 12th and a replay link of the webcast will be archived for three months.

Dover prepare -- 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 make -- 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, everyone. I am on slide three, it shows the detailed U.S. GAAP and adjusted quarterly results. So let’s go to slide four and take a look at the performance highlights.

Our results in the first quarter were in line with expectations, our expectations. The demand for products and service continue to be robust across the portfolio and the management teams of our operating companies did a solid job of navigating various challenges during the quarter.