Dover Corporation (NYSE:DOV) Q4 2023 Earnings Call Transcript

Richard Tobin : You know what, I don’t know. So I would expect if it’s been terrible, I would have heard something. Usually, when it’s positive, no one tells me anything. But – so we haven’t even closed the month yet, Deane. So – but I’m unaware of it being worse than what we have baked in.

Deane Dray: All right. Good to hear. And then just a quick question. Data center cooling came up a couple of different times. Your heat exchangers play a key role there. Do you have a sense of how that is geared towards air cooling versus liquid cooling because there’s a big investment cycle starting, I mean, it’s more than 30% growth in liquid cooling side. Will you participate in that?

Richard Tobin : It’s almost exclusively levered towards liquid cooling.

Deane Dray: Yes. And are you not tied to a particular vendor, you’ll be – you’re a component supplier for that. Is that correct?

Richard Tobin : That’s correct.

Brad Cerepak: Yes. When we say thermal, we need liquid cooling in data centers.

Deane Dray: That’s great.

Richard Tobin : Yeah. But we supply everybody.

Deane Dray: Thank you…

Brad Cerepak: It’s not just heat exchangers, it’s connectors, too.

Deane Dray: Understood.

Brad Cerepak: Yes.

Richard Tobin : Got it?

Operator: Thank you. That concludes our question-and-answer period and Dover’s fourth quarter and full year 2023 earnings conference call. You may now disconnect your line at this time, and have a wonderful day.