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Dec 31, 2022
Dover Q4 2022 Earnings Report
Dover's fourth quarter and full year 2022 results were announced, demonstrating strong revenue growth and margin improvement.
Key Takeaways
Dover reported an 8% increase in revenue for Q4 2022, reaching $2.1 billion, with organic revenue up by 9%. GAAP net earnings decreased by 27% to $264 million, while adjusted net earnings increased by 18% to $305 million. The company's adjusted diluted EPS rose by 21% to $2.16. Dover expects to generate GAAP EPS in the range of $7.87 to $8.07 (adjusted EPS of $8.85 to $9.05) in 2023.
Dover delivered strong revenue growth and margin improvement in the fourth quarter.
Demand trends remained constructive across the portfolio in 2022.
The company focused on improving product delivery metrics and driving solid incremental margins during the fourth quarter.
Dover expects further benefits from recent productivity and efficiency efforts in 2023.
Dover
Dover
Dover Revenue by Segment
Dover Revenue by Geographic Location
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.comRevenue by Geographic Location
United States Revenue
CapyFin.comEurope Revenue
CapyFin.comAsia Revenue
CapyFin.comOther Americas Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
In 2023, Dover expects to generate GAAP EPS in the range of $7.87 to $8.07 (adjusted EPS of $8.85 to $9.05), based on full year revenue growth of 3% to 5% (all-in and organic).
Positive Outlook
- Expected revenue growth.
- Pricing actions.
- Productivity measures from 2022.
- Healthy demand trends in industrial markets.
- Significant volume of business in backlog.
Revenue & Expenses
Visualization of income flow from segment revenue to net income