Dover Corporation (NYSE:DOV) Q3 2024 Earnings Conference Call October 24, 2024 9:30 AM ET

Company Participants

Jack Dickens - Senior Director, IR
Richard Tobin - President and CEO
Brad Cerepak - SVP and CFO

Conference Call Participants

Jeff Sprague - Vertical Research Partners
Julian Mitchell - Barclays
Scott Davis - Melius Research
Deane Dray - RBC
Nigel Coe - Wolfe Research
Joe O'Dea - Wells Fargo
Steve Tusa - JPMorgan
Joe Ritchie - Goldman Sachs
Andy Kaplowitz - Citigroup
Mike Halloran - Baird

Operator

Good morning, and welcome to Dover's Third Quarter 2024 Earnings Conference Call. Speaking today are Richard J. Tobin, President and Chief Executive Officer; Brad Cerepak, Senior Vice President and Chief Financial Officer; 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 is being recorded and your participation implies consent to our recording of this call. If you do not agree with 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, Connie. Good morning, everyone, and thank you for joining our call. An audio version of the call will be available on our website through November 14th, and a replay link of the webcast will be archived for 90 days.

Our presentation today is on a continuing operations basis to exclude the impact of our divested waste tolling equipment business from historical results. Please reference the 8-K filed on October 10th for further information.

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.

And with that, I will turn the call over to Rich.

Richard Tobin

Thanks, Jack. Good morning, everyone. Let's start with the performance highlights on Page 3. Overall, the quarter was modestly better than our internal forecast, which I'll cover in the upcoming segment results slides. Top line performance was broad-based across the portfolio.

We are especially pleased that the rotation from our longer cycle businesses to our growth platforms has continued to drive positive margin mix for the total portfolio. We expect that to be an underlying theme as we head into 2025.