Latest news with #RichardTobin
Yahoo
a day ago
- Business
- Yahoo
The Top 5 Analyst Questions From Dover's Q1 Earnings Call
Dover's first quarter results drew a positive market response, despite flat revenue performance and a slight miss on Wall Street's top-line expectations. Management pointed to significant operating margin expansion, driven by a favorable product mix, cost discipline, and productivity initiatives. CEO Richard Tobin highlighted 'excellent incremental margin conversion,' with improved profitability across most segments. The company benefited from strong demand in areas like biopharma components and data center cooling solutions, while some end markets—particularly vehicle services and aerospace—faced volume declines due to program timing and external pressures such as tariffs on Chinese imports. Is now the time to buy DOV? Find out in our full research report (it's free). Revenue: $1.87 billion vs analyst estimates of $1.88 billion (flat year on year, 0.7% miss) Adjusted EPS: $2.05 vs analyst estimates of $1.98 (3.4% beat) Adjusted EBITDA: $396.2 million vs analyst estimates of $398.8 million (21.2% margin, 0.7% miss) Management lowered its full-year Adjusted EPS guidance to $9.30 at the midpoint, a 1.1% decrease Operating Margin: 15.9%, up from 13.5% in the same quarter last year Organic Revenue was flat year on year (-3.4% in the same quarter last year) Market Capitalization: $24.09 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Jeff Sprague (Vertical Research): Asked how new cost actions and pricing are being used to offset tariffs. CEO Richard Tobin explained most tariff costs are being mitigated by price, especially for Chinese imports, but acknowledged some near-term volume risk. Andrew Obin (Bank of America): Inquired about the sustainability of positive bookings trends and the margin impact of volume declines. Tobin said bookings should remain stable, with margin decrementals largely a mechanical effect of lower volume at high incremental margins. Scott Davis (Melius Research): Asked if M&A valuations might decline due to macro uncertainty. Tobin responded that while some deals have been pulled, there is not yet broad evidence of lower valuations, but Dover is actively pursuing proprietary opportunities. Nigel Coe (Wolfe Research): Sought clarity on the volume versus price mix in guidance cuts. Tobin stated the adjustment was a mechanical 1% top-line reduction, with actual mix between price and volume still uncertain due to market dynamics. Joe O'Dea (Wells Fargo): Questioned where Dover's proximity manufacturing provides the most competitive advantage. Tobin noted that businesses manufacturing in the U.S. with less reliance on imported components are best positioned to defend or grow share in a tariff environment. In upcoming quarters, the StockStory team will monitor (1) the effectiveness of Dover's pricing strategies in offsetting tariff-related volume risks, (2) whether growth in biopharma, data center cooling, and clean energy components continues to drive segment mix and profitability, and (3) the pace of structural cost reduction projects like rooftop consolidations. Execution on portfolio realignment and demand trends in capital-exposed end markets will also be important indicators. Dover currently trades at $174.90, up from $166.34 just before the earnings. Is there an opportunity in the stock?Find out in our full research report (it's free). Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today.
Yahoo
18-05-2025
- General
- Yahoo
Flats left high and dry with no running water
Residents in a block of flats have claimed to be living without running water for hours on end. Occupiers at Caerau Court in Caerau, Cardiff, have resorted to showering in the early hours, storing water in containers to wash and cook and buying bottled water. Some residents said the long-running issue had been going on for 20 years, but has worsened in recent years. Wales & West Housing, which manages the flats, blamed the issue on a reduction in water pressure in the area which it aims to resolve with a water storage and pump system. Welsh Water said the pressure in its water network was "well above the required operating standard". "You won't get a drop through the tap for 10 or 12 hours through the day," said resident Richard Tobin, 75, speaking about the weekends with more residents at home compared with the rest of the week. "When it does come on, the pressure is so low that it won't heat the boiler or the shower. "It has just got to a point where it is ridiculous now." Welsh Water fined £1.3m for 'negligent' monitoring Exceptionally low river levels raise fears over water supplies Emergency water supply for at-risk canal costing £100k a week The housing organisation has given residents containers to fill and use at times when the water is not running. Mr Tobin said when his 95-year-old aunt lived with him for almost three years he would fill three water bottles in advance so her carers had water to wash her. "For me and for the other residents it has become a routine," he said. "If I want a shower in the week and the weekend… I have to get up about 5am… so that we have got the pressure through the shower to heat the water." Neighbour Julia Walsh, 57, said her laundry had been ruined in the past and she woke up one Christmas morning without any water. "It is getting hard work now even trying to cook," she added. "It is going back to the dark ages. You just can't live properly." She is one of a number of residents at Caerau Court who pay for crates of bottled water, costing her about £10 each week. Martin Newman, 71, is another who is regularly spending on bottled water on top of the £20 he said he paid for his water bill each month. "It is breaking our washing machine because there is no water in it. "It is just not right. We shouldn't have this problem." Wales & West said: "Since 2020 we've been having discussions with Welsh Water and have established the cause of the problem as being a reduction in the water pressure in the area." It said it understood the situation "can be frustrating for our residents" and it had had discussions with contractors to design a water storage and pump system to solve the issue. "This is a major investment project which we aim to start this year," it said Don't waste water during hot weather, people urged Governments to investigate River Wye pollution
BBC News
18-05-2025
- General
- BBC News
Caerau flats left high and dry with no running water
Residents in a block of flats have claimed to be living without running water for hours on at Caerau Court in Caerau, Cardiff, have resorted to showering in the early hours, storing water in containers to wash and cook and buying bottled residents said the long-running issue had been going on for 20 years, but has worsened in recent years. Wales & West Housing, which manages the flats, blamed the issue on a reduction in water pressure in the area which it aims to resolve with a water storage and pump Water said the pressure in its water network was "well above the required operating standard". "You won't get a drop through the tap for 10 or 12 hours through the day," said resident Richard Tobin, 75, speaking about the weekends with more residents at home compared with the rest of the week."When it does come on, the pressure is so low that it won't heat the boiler or the shower. "It has just got to a point where it is ridiculous now." The housing organisation has given residents containers to fill and use at times when the water is not Tobin said when his 95-year-old aunt lived with him for almost three years he would fill three water bottles in advance so her carers had water to wash her."For me and for the other residents it has become a routine," he said."If I want a shower in the week and the weekend… I have to get up about 5am… so that we have got the pressure through the shower to heat the water." 'Can't live properly' Neighbour Julia Walsh, 57, said her laundry had been ruined in the past and she woke up one Christmas morning without any water."It is getting hard work now even trying to cook," she added."It is going back to the dark ages. You just can't live properly."She is one of a number of residents at Caerau Court who pay for crates of bottled water, costing her about £10 each Newman, 71, is another who is regularly spending on bottled water on top of the £20 he said he paid for his water bill each month."It is breaking our washing machine because there is no water in it. "It is just not right. We shouldn't have this problem." Wales & West said: "Since 2020 we've been having discussions with Welsh Water and have established the cause of the problem as being a reduction in the water pressure in the area."It said it understood the situation "can be frustrating for our residents" and it had had discussions with contractors to design a water storage and pump system to solve the issue."This is a major investment project which we aim to start this year," it said
Business Insider
25-04-2025
- Business
- Business Insider
Dover CEO: We lowered guidance to get out ahead of the tariffs
In an interview on CNBC's Mad Money, Richard Tobin said in times of uncertainty, CapEx tends to get delayed, and many of Dover's (DOV) projects are CapEx related. 'We are really pleased with the margin performance in Q1,' he added. He feels it's difficult to forecast revenue growth in the second half of this year. The company's highly liquid balance sheet allows continued spending on projects, he noted. Stay Ahead of the Market: Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener.
CNBC
25-04-2025
- Business
- CNBC
Really pleased with the margin performance of the quarter, says Dover Corp. CEO Richard Tobin
Really pleased with the margin performance of the quarter, says Dover Corp. CEO Richard Tobin Dover Corp. President, Chairman, and CEO Richard Tobin joins 'Mad Money' host Jim Cramer to talk quarterly results, its full-year outlook, and more.
