Dover Exceeds Q4 Earnings, Sells Unit for $2 Billion
Dover Exceeds Q4 Earnings, Sells Unit for $2 Billion

Dover Exceeds Q4 Earnings, Sells Unit for $2 Billion

News summary

Dover Corporation reported fourth-quarter 2024 adjusted earnings per share (EPS) of $2.20, surpassing the Zacks Consensus Estimate of $2.08, and slightly increasing from the previous year's EPS of $2.18. The company's revenue increased by 1.3% to $1.93 billion, although it fell short of the consensus estimate of $1.98 billion. Strong performance in the Clean Energy & Fueling segment, with a 17.5% rise in sales, contributed significantly to the earnings beat and helped expand overall margins. Dover's shares rose as much as 4.75% in response to these results and a positive 2025 outlook, which includes expected revenue growth of 2% to 4% and adjusted EPS between $9.30 and $9.50. CEO Richard Tobin expressed optimism for 2025, highlighting solid demand trends and continued margin improvement potential. The company is focusing on higher-margin operations and recently divested its environmental solutions unit for $2 billion.

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Last Updated
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