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Richard Tobin

Chairman, President and Chief Executive Officer, Dover

Search every verified Richard Tobin interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Richard Tobin, Chairman, President, and CEO of Dover, discussed the company’s performance during its second quarter 2026 earnings call, noting that all-in revenue grew 7% (5% organically) with positive growth across all five segments. He attributed strength to secular growth markets, which he said now represent about 25% of the portfolio, including areas such as CO2 refrigeration systems, liquid cooling for data centers, and aerospace and defense components. Tobin acknowledged production challenges in the refrigeration business during a facility consolidation, stating that throughput fell short of targets and that this was his responsibility, while expressing expectations for sequential throughput improvements in the second half of the year. He also said the company was raising its adjusted EPS guidance based on demand signals and order book visibility. In earlier remarks from the fourth quarter 2024 earnings call, Tobin expressed optimism about 2025, citing continued demand strength and plans for double-digit EPS growth through top-line growth, margin improvement, and capital allocation. He noted that the company was taking orders well into the second half of 2025 in certain retail-facing businesses and described Dover as a proximity manufacturer, indicating limited tariff-related backlog impact. Tobin also commented on data center thermal requirements driving a shift toward liquid cooling, which he said benefits Dover’s connector and heat exchanger businesses, and stated that the company was not losing market share, with adoption rates accelerating in certain product lines.

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