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Jun 30, 2021
Dover Q2 2021 Earnings Report
Dover's financial performance surged in the second quarter of 2021, driven by strong organic growth and margin improvement.
Key Takeaways
Dover reported a strong second quarter in 2021, with revenue increasing by 36% and organic revenue growing by 30%. GAAP net earnings and EPS both increased by 112%. The company raised its full year revenue and EPS guidance, reflecting confidence in its top-line trajectory and operational execution.
Revenue increased by 36% (+30% organic) compared to the second quarter of the prior year.
GAAP net earnings increased 112%, and GAAP diluted EPS increased 112%.
Adjusted net earnings increased 82% and adjusted diluted EPS increased 82% versus the comparable quarter of the prior year.
Full year 2021 revenue growth guidance was raised to 15% to 17% and EPS guidance was raised to $6.45 to $6.55 ($7.30 to $7.40 on an adjusted basis).
Revenue by Segment
Forward Guidance
Dover raised its full year 2021 revenue growth guidance to 15% to 17% and EPS guidance to $6.45 to $6.55 ($7.30 to $7.40 on an adjusted basis).
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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