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Dec 31, 2019
Dover Q4 2019 Earnings Report
Dover's Q4 2019 financial results were announced, demonstrating a slight revenue decline but solid adjusted earnings growth.
Key Takeaways
Dover reported Q4 2019 revenue of $1.776 billion, a slight decrease of 1.8% compared to Q4 2018. However, the company's GAAP EPS increased by 7.5% to $1.15, and adjusted EPS rose by 7.7% to $1.54. The company's performance reflects strong operational execution and disciplined capital allocation.
Dover's Q4 revenue was $1.8 billion, a 2% decrease (-1% organic) compared to the previous year.
GAAP earnings from continuing operations increased 6% to $168 million.
GAAP diluted EPS increased 7% to $1.15.
Adjusted diluted EPS increased 8% to $1.54 compared to the prior year.
Dover
Dover
Dover Revenue by Segment
Revenue by Segment
Engineered Products Revenue
CapyFin.comClean Energy & Fueling Revenue
CapyFin.comImaging & Identification Revenue
CapyFin.comPumps & Process Solutions Revenue
CapyFin.comClimate & Sustainability Tech Revenue
CapyFin.com Forward Guidance
Dover expects to generate GAAP EPS in the range of $5.48 to $5.68 (adjusted EPS of $6.20 to $6.40), based on full year revenue growth of 2% to 3% in 2020.
Positive Outlook
- Most markets remain constructive.
- Order backlog is up year-over-year in four out of five segments.
- Progressing well on multiple in-flight cost and productivity initiatives.
- M&A pipeline remains active.
- Well-positioned to deliver top-line growth, margin expansion and solid EPS accretion in 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income