DOWNERS GROVE, IL -- Dover Corp.'s first-quarter net earnings ticked up on a double-digit bump in overall demand.
Net income was $196.1 million including a net loss from discontinued operations of $700,00, up 1% from $194.9 million last year.
The company's Printing & Identification segment slumped during the period, with sales falling 10.7% year-over-year to $352.3 million. That unit includes SMT screen printer OEM DEK, Ovation Products, soldering equipment developer OK International, and printed circuit board test equipment maker Everett-Charles, among others.
Reports revenue of $2.1 billion, up 14% over the prior year, 9 percentage points of which was organic, for the first quarter ended March 31. Earnings from continuing operations were $196.8 million, up 12.5% from the prior-year period.
President and chief executive Robert Livingston said Dover is raising its full year 2012 revenue growth to 10% to 12%.