Dover Corp. (DOV) Tops Q4 EPS by 14c, Revenues Beat; Offers FY19 EPS Guidance Above Consensus

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Go back to Dover Corp. (DOV) Tops Q4 EPS by 14c, Revenues Beat; Offers FY19 EPS Guidance Above Consensus

Dover Reports Fourth Quarter Organic Revenue Up 6.2%; Cost Saving Initiatives on Track to Deliver in 2019

January 29, 2019 6:45 AM EST

DOWNERS GROVE, Ill., Jan. 29, 2019 /PRNewswire/ -- Dover (NYSE: DOV), a diversified global manufacturer, announced its financial results for the fourth quarter and full year ended December 31, 2018.

Fourth Quarter 2018 Financial Results:

For the fourth quarter ended December 31, 2018, Dover's revenue was $1.8 billion, which represents organic growth of 6.2%. Net earnings on a GAAP basis for the fourth quarter ended December 31, 2018, were $141.6 million, compared to net earnings of $296.4 million in the prior year period, including the results of discontinued operations.

Earnings from continuing operations were $158.0 million, a decrease of 45% as... More