Dover Corp. (DOV) Tops Q1 EPS by 4c, Offers FY18 Guidance

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Go back to Dover Corp. (DOV) Tops Q1 EPS by 4c, Offers FY18 Guidance

Dover Reports First Quarter 2018 Results and Provides 2018 Guidance

April 27, 2018 6:50 AM EDT

DOWNERS GROVE, Ill., April 27, 2018 /PRNewswire/ -- Dover (NYSE: DOV), a diversified global manufacturer, announced its financial results for the first quarter ended March 31, 2018.

First Quarter 2018 Financial Results (including Apergy):

For the first quarter ended March 31, 2018, Dover's revenue was $1.9 billion, an increase of 6% from the prior year. The increase in the quarter was driven by organic growth of 4%, acquisition growth of 1% and a favorable impact from foreign exchange ("FX") of 4%, partially offset by a 3% impact from dispositions. Net earnings were $131.4 million, a decrease of 24% as compared to $172.2... More