Dover Corp (STU:DOV)

€ 170.3 -0.1 (-0.06%) Market Cap: 23.71 Bil Enterprise Value: 26.53 Bil PE Ratio: 17.71 PB Ratio: 4.92 GF Score: 79/100

Dover Corp at Bank of America Merrill Lynch Global Industrials Conference Transcript

Mar 19, 2019 / 08:50AM GMT

Transcript

Unidentified Analyst

(technical difficulty)

President and CEO. I've known Rich for many years. I'm a fan. And with that, I think you guys have a fireside, or we're going to go straight to Q&A? Straight to Q&A. So we'll start a fireside chat, so feel free to put in the questions. I have some questions prepared, but if you have any questions, Rich will answer them. Thanks.

Questions & Answers

Unidentified Analyst

So I guess, the first question will be, look, you've been at Dover for about a year now, less than a year. You were on the board before. What are the biggest positive surprises and what are the biggest negative surprises you've encountered so far?

Richard Joseph Tobin

Dover Corporation - President, CEO & Director

Let's start with the negative before I go to the positive so we can end on a positive note. The negative surprise was the demand function in commercial refrigeration. I think that we had believed that it was going to be a weak demand environment in '18, but nowhere as weak as it

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