DOV NYSE· Dover Corp
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DOV NYSE· Dover Corp
Earnings report Q4 2023

Dover Corporation's Revenue Declines Slightly in Latest Quarter

Segments of revenue

In the latest quarter, Dover Corporation reported consolidated revenue of $8.44 billion. The revenue breakdown by segment is as follows:

  • Engineered Products: $2.00 billion
  • Clean Energy & Fueling: $1.79 billion
  • Imaging & Identification: $1.12 billion
  • Pumps & Process Solutions: $1.76 billion
  • Climate & Sustainability Technologies: $1.78 billion


Despite a slight decrease in consolidated revenue of 0.8% compared to the prior year, Dover Corporation demonstrated resilience through acquisition-related growth of 0.9%. The company's diversified portfolio of innovative equipment and components, consumable supplies, aftermarket parts, software, and digital solutions contributed to its overall revenue performance. Management comments indicate that the decrease in organic revenue was primarily driven by a 1.5% decline, partially offset by the positive impact of acquisitions.


Dover Corporation faced a challenge in the form of a 1.5% organic revenue decline, which contributed to the overall decrease in consolidated revenue. Additionally, an unfavorable impact from foreign currency translation of 0.2% further affected the company's revenue performance.


It is worth noting that Dover Corporation's revenue decline of 0.8% in the latest quarter was primarily driven by the organic revenue decline of 1.5%. This decline was partially offset by acquisition-related growth of 0.9%. The company's ability to navigate these challenges and maintain a diversified revenue stream is commendable.


Dover Corporation experienced a slight decline in revenue in the latest quarter, primarily driven by a 1.5% organic revenue decline. However, the company demonstrated strength through acquisition-related growth and its diversified portfolio of innovative solutions. Despite the challenges faced, Dover Corporation's ability to mitigate the impact of the decline and maintain a strong presence in various segments showcases its resilience in the market.

Source documents

Form 10-K  filed on Feb 09, 2024
133 pages scanned

Reference data

Company financials Q4 revenue 2.11B
Analyst estimates Q4 EPS beat by 0.94%
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