...A. Highlights: As guided back in Sept., July-Aug. trends were positive and Co. was exceeding internal forecast. 1. This dynamic continued through Sept. a. 2. In addition to the improving demand environment, Co. was very encouraged by manufacturing operations and supply chain performance. 3. Solid operation execution had two tangible benefits in 3Q. First, it increased capacity to deliver a higher volume than expected from backlog in long-cycle businesses and positive impact to the topline. a. b. Second, through a combination of mixed and fixed cost absorption, it drove a robust margin performance. 4. Demand trends continue to improve sequentially across most of the portfolio. Trajectory continues to vary by market, but Co.'s diverse end market and geographic exposure is clearly an asset to DOV in the downturn. a. 5. Revenue declined 5% organically and bookings were flat with one-third of operating companies posting positive YoverY bookings for the qtr., and more than half posting positive...
