NEW YORK -- Sales at Dover Corp.'s Printing & Identification business unit rose 5% sequentially in the June quarter on higher demand for consumer goods and acquisitions. Dover also inched closer to finding a buyer for some of the companies in the unit.
Printing & Identification segment sales were offset in part by lower demand for barcode equipment market. Bookings increased 3% year-over-year and 9% sequentially to $259 million, and the book to bill ended at 1.03, up slightly over last year.
Organic revenue was flat at $251 million, Dover said. Earnings, meanwhile, increased 24% to $36 million. Revenue from Europe increased after successive quarters of decline. Operating margin increased 280 basis points to 14.3%.
The unit includes DEK, Everett-Charles Technologies, Markem, Multitest and OK International, among others. Dover previously announced it was seeking a buyer for some of those businesses, and chief executive and president Bob Livingston said, "As I've been saying for the last 3 months or 4 months, I think you'll see us make an announcement here in the third quarter."