Dover Q2 2022 Earnings Report
Key Takeaways
Dover reported Q2 2022 results with revenue of $2.2 billion, a 6% increase (+7% organic). GAAP net earnings increased by 9% to $290 million, and GAAP diluted EPS rose by 10% to $2.00. Adjusted net earnings increased by 3% to $309 million, and adjusted diluted EPS increased by 4% to $2.14.
Dover's Q2 2022 revenue reached a record $2.2 billion, up 6% year-over-year.
GAAP net earnings increased 9% to $290 million, with GAAP diluted EPS up 10% to $2.00.
Adjusted net earnings rose 3% to $309 million, and adjusted diluted EPS increased 4% to $2.14.
The company maintains its 2022 adjusted full-year guidance.
Dover
Dover
Dover Revenue by Segment
Forward Guidance
In 2022, Dover expects to generate GAAP EPS in the range of $7.44 to $7.64 (adjusted EPS of $8.45 to $8.65), based on full year revenue growth of 8% to 10% (8% to 10% on an organic basis).
Revenue & Expenses
Visualization of income flow from segment revenue to net income