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.