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Dover Increases Dividend
Prnewswire· 2024-08-02 20:08
DOWNERS GROVE, Ill., Aug. 2, 2024 /PRNewswire/ -- The Board of Directors of Dover Corporation (NYSE: DOV) today increased its quarterly cash dividend to $0.515 (fifty-one and one-half cents) per share, from the previous $0.51 (fifty-one cents) per share, an increase of $0.005 (one-half cent). This is the 69th consecutive year in which the Company has increased its annual cash dividend, demonstrating Dover's longstanding commitment to returning capital to shareholders. This increased dividend will be paid on ...
Dover(DOV) - 2024 Q2 - Earnings Call Transcript
2024-07-25 18:03
Dover Corporation (NYSE:DOV) Q2 2024 Earnings Conference Call July 25, 2024 9:30 AM ET Company Participants Richard J. Tobin – President and Chief Executive Officer Brad Cerepak – Senior Vice President and Chief Financial Officer Jack Dickens – Senior Director-Investor Relations Conference Call Participants Andy Kaplowitz – Citigroup Jeff Sprague – Vertical Research Partners Steve Tusa – JPMorgan Andrew Obin – Bank of America Scott Davis – Melius Research Brett Linzey – Mizuho Julian Mitchell – Barclays Joe ...
Dover (DOV) Beats Earnings Estimates in Q2, Raises '24 View
ZACKS· 2024-07-25 17:11
Segmental Performance The Clean Energy & Fueling segment's revenues were $463 million compared with the prior-year quarter's $441 million. The figure topped our estimate of $448 million. The segment's adjusted EBITDA was $95 million, up from the prior-year quarter's $91 million. The figure topped our estimate of $83.9 million. The Climate & Sustainability Technologies segment's revenues decreased to $437 million from the $449 million reported in the year-earlier quarter. We predicted revenues of $442 millio ...
Dover (DOV) Reports Q2 Earnings: What Key Metrics Have to Say
ZACKS· 2024-07-25 14:35
Dover Corporation (DOV) reported $2.18 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 3.7%. EPS of $2.36 for the same period compares to $2.05 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $2.15 billion, representing a surprise of +1.32%. The company delivered an EPS surprise of +6.79%, with the consensus EPS estimate being $2.21. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them w ...
Dover(DOV) - 2024 Q2 - Earnings Call Presentation
2024-07-25 14:14
Earnings Conference Call Second Quarter 2024 Forward-Looking Statements and Non-GAAP Measures We would also direct your attention to our website, dovercorporation.com, where considerably more information can be found. All-in revenue grew 4% Volume leverage, mix, and proactive cost curtailment Up $64M year-over-year Revenue growth: +3-4% all-in; +2-3% organic(1) July 25, 2024 – 8:30am CT We want to remind everyone that our comments may contain forward-looking statements that are inherently subject to uncerta ...
Dover Corporation (DOV) Q2 Earnings and Revenues Surpass Estimates
ZACKS· 2024-07-25 12:41
Dover Corporation (DOV) came out with quarterly earnings of $2.36 per share, beating the Zacks Consensus Estimate of $2.21 per share. This compares to earnings of $2.05 per share a year ago. These figures are adjusted for non-recurring items. Dover, which belongs to the Zacks Manufacturing - General Industrial industry, posted revenues of $2.18 billion for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 1.32%. This compares to year-ago revenues of $2.1 billion. The company has topped ...
Dover(DOV) - 2024 Q2 - Quarterly Report
2024-07-25 10:39
Revenue from Contracts with Customers 7 The Company applied the standard's practical expedient that permits the omission of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less and (ii) contracts for which the Company recognizes revenue at the amount to which the Company has the right to invoice for services performed. The revenue recognized during the six months ended June 30, 2024 and 2023 that was included in contract liabilities at the beginning of t ...
Dover(DOV) - 2024 Q2 - Quarterly Results
2024-07-25 10:33
Exhibit 99.1 DOVER REPORTS SECOND QUARTER 2024 RESULTS | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------------------------------------|-------|----------|-------|------------|-----------------|-------|----------|-------|------------|---------------| | ($ in millions, except per share data) \nU.S. GAAP | | 2024 | | 2023 | % Change* | | 2024 | | 2023 | % Change* | | Revenue | $ | 2,178 | $ | 2,100 | 4 % | $ | 4,272 | $ | 4,179 | 2 % | | Net earnings Di ...
PSG Biotech Launches New Integral Display Transmitter
Prnewswire· 2024-07-24 20:15
"Clear, readily available process metrics are key for success in all pharmaceutical-processing applications," said Jay Rajagopalan, Senior Director of Engineering and Product Management for PSG Biotech. "Our development of the SumoFlo CELE-8103-D Integral Display Transmitter is a seamless solution that easily integrates into all of our SumoFlo product range." PSG is the global pump, metering and dispensing-solution expert, enabling the safe and efficient transfer of critical and valuable fluids that require ...
Rotary Releases Patent-Pending LT35A Air-Hydraulic Lifting Table
Prnewswire· 2024-07-23 20:15
DOWNERS GROVE, Ill., July 23, 2024 /PRNewswire/ -- Rotary®, part of Vehicle Service Group™ (VSG) and Dover (NYSE: DOV), today announced the launch of its new LT35A Air-Hydraulic Lifting Table. The LT35A provides automotive service and repair shops with new levels of flexibility, functionality and safety by easily lifting EV batteries and other heavy components like engines and transmissions. The LT35A runs on shop air-hydraulic operation, so electrical power is not needed to use the table. Its pushbutton pe ...