Dover Corporation Reported Strong Q3 Beat Despite Supply Chain Pressures
<p><a href='https://financialmodelingprep.com/financial-summary/DOV'>Dover Corporation (NYSE:DOV) </a>reported strong Q3 results, with a $0.11 operating beat driven by upside in Pumps. The conference call was understandably dominated by questions on the ongoing supply chain pressures. According to analysts at RBC Capital, the company’s management is capably handling these headwinds, absorbing a $25-$30 mil EBIT hit, and still boosting what looks to be achievable/conservative 2021 guidance $0.05/0.7% above consensus. Management does not expect these headwinds to abate by year-end. Backlog remains at record levels, and management is optimistic about the demand environment into 2022. </p>
NYSE:DOV