Dover Reports Better Than Expected Q1 Results, Reiterates Guidance 
<p><a href='https://financialmodelingprep.com/financial-summary/DOV'>Dover (NYSE:DOV)</a> reported its Q1 earnings results yesterday, with EPS of $1.94 coming in above the Street estimate of $1.93. Revenue was $2.08 billion, slightly better than the Street estimate of $2.07 billion.</p>
<p>Organic growth came in at 2.9%. As expected, the company’s bookings were down 3.7% year-over-year as easing the supply chain and improving lead times led to normalizing order patterns.</p>
<p>Free cash flow conversion was strong at approximately 70%, well above its Q1 average of 7%. 2023 EPS and growth guidance were reaffirmed. For 2023, the company expects EPS to be in the range of $8.85-$9.05, compared to the Street estimate of $8.94. Full-year revenue growth is seen at 3%-5%.</p>

NYSE:DOV