Dover Corp. (DOV) Tops Q4 EPS by 7c; Will Divest Sargent Aerospace

Dover Corp. (NYSE: DOV) reported Q4 EPS of $1.01, $0.07 better than the analyst estimate of $0.94. Revenue for the quarter came in at $2 billion versus the consensus estimate of $2.04 billion.

Dover Corp. sees FY2015 EPS of $4.70-$4.95, versus the consensus of $5.00.

Dover also announced today its intention to divest Sargent Aerospace ("Sargent"), a supplier of precision-engineered components and aftermarket services in the aerospace and defense industries, and part of Dover's Engineered Systems segment. Both Sargent and Datamax O'Neil ("D-O") are reported as discontinued operations for the fourth quarter and full year 2014 results. Dover expects to complete the sale of D-O in the first quarter, with the sale of Sargent expected to occur in the second quarter of 2015.

For earnings history and earnings-related data on Dover Corp. (DOV) click here.

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