Dover Corp. (DOV) Reports In-Line Q1 EPS; Reaffirms

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Go back to Dover Corp. (DOV) Reports In-Line Q1 EPS; Reaffirms

Dover Reports First Quarter 2015 Results

April 21, 2015 7:00 AM EDT

DOWNERS GROVE, Ill., April 21, 2015 /PRNewswire/ -- Dover (NYSE: DOV) announced today that for the first quarter ended March 31, 2015, revenue was $1.7 billion, a decrease of 5% from the prior year. The decrease in revenue was driven by an organic revenue decline of 6% and a 4% unfavorable impact from foreign exchange, offset in part by 5% growth from acquisitions. Earnings from continuing operations were $117.2 million, a decrease of 31% as compared to $170.0 million for the prior year period. Diluted earnings per share ("EPS") for the first quarter ended March 31, 2015 was $0.72, compared to $0.99 EPS in the prior year period,... More