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 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 ...

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 ...

Core Insights - Dover Corporation reported quarterly earnings of $2.36 per share, exceeding the Zacks Consensus Estimate of $2.21 per share, and up from $2.05 per share a year ago [1] - The company achieved revenues of $2.18 billion for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 1.32%, compared to $2.1 billion in the same quarter last year [2] - Dover has outperformed the market with a 14.6% increase in shares since the beginning of the year, compared to the S&P 500's gain of 13.8% [7] Earnings Performance - The quarterly report represents an earnings surprise of 6.79%, with the company previously expected to post earnings of $1.88 per share but actually producing $1.95 per share, resulting in a surprise of 3.72% [11] - Over the last four quarters, Dover has surpassed consensus EPS estimates three times [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $2.49 on revenues of $2.21 billion, and for the current fiscal year, it is $9.10 on revenues of $8.62 billion [9] - The estimate revisions trend for Dover is currently favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [13] Industry Context - Dover operates within the Zacks Manufacturing - General Industrial industry, which is currently ranked in the top 37% of over 250 Zacks industries [4] - Research indicates that the top 50% of Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1 [4]

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 ...

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 ...

"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 ...

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 ...

DOWNERS GROVE, Ill., July 22, 2024 /PRNewswire/ -- Dover (NYSE: DOV) today announced that it has acquired Marshall Excelsior Company ("MEC") for $395M in cash. MEC will become part of the OPW Global ("OPW") operating unit within Dover's Clean Energy & Fueling segment ("DCEF"). MEC is a highly-complementary acquisition to OPW. It serves the liquefied petroleum gas and cryogenic markets while adding access to new transport vehicle remote monitoring and severe service valve offerings that expand OPW's particip ...

Core Viewpoint - Dover has announced a definitive agreement to sell its Environmental Solutions Group (ESG) business to Terex Corporation for $2 billion, which is expected to close before the end of 2024, pending regulatory approvals [5][2]. Group 1: Company Overview - ESG, based in Chattanooga, TN, is a leading provider of refuse collection vehicles, compactors, and balers, generating approximately $750 million in revenue in 2023 [1]. - Dover is a diversified global manufacturer with annual revenue exceeding $8 billion, operating through five segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions, and Climate & Sustainability Technologies [7]. Group 2: Transaction Details - The sale of ESG is structured on a cash- and debt-free basis, subject to customary post-closing adjustments [5]. - Centerview Partners served as the financial advisor, while Skadden, Arps, Slate, Meagher & Flom LLP acted as legal counsel for Dover during this transaction [6]. Group 3: Leadership Commentary - Dover's President and CEO, Richard J. Tobin, acknowledged the significant value ESG has created for Dover shareholders over the years and thanked ESG President Pat Carroll and his management team for their transformational efforts [6].