Dover Q3 2021 Earnings Report
Key Takeaways
Dover reported a 15% increase in revenue to $2.0 billion in Q3 2021, with organic revenue growth of 13%. GAAP net earnings increased by 32% to $264 million, and GAAP diluted EPS rose by 31% to $1.81. The company raised its full year EPS guidance to $6.64 to $6.69 ($7.45 to $7.50 on an adjusted basis).
Revenue increased by 15% (+13% organic) compared to the third quarter of the prior year.
GAAP net earnings increased 32%, and GAAP diluted EPS of $1.81 was up 31%.
Adjusted net earnings of $288 million increased 24% and adjusted diluted EPS of $1.98 was also up 24% versus the comparable quarter of the prior year.
Full year 2021 EPS guidance was raised to $6.64 to $6.69 ($7.45 to $7.50 on an adjusted basis).
Dover
Dover
Dover Revenue by Segment
Forward Guidance
Dover raised its full year 2021 EPS guidance to $6.64 to $6.69 ($7.45 to $7.50 on an adjusted basis).
Revenue & Expenses
Visualization of income flow from segment revenue to net income