- Dover’s revenue for Q4 was $1.93 billion, matching estimates, but marking an 8.4% decline year-over-year.
- Engineered Products revenue dropped 46% to $288.2 million, below the estimate of $304.3 million.
- Clean Energy & Fueling Solutions revenue increased by 17% to $528.0 million, surpassing the estimate of $506.9 million.
- Imaging & Identification revenue rose slightly by 1.1% to $288.8 million, falling short of the $292.4 million estimate.
- Pumps & Process Solutions saw a 7.7% rise in revenue to $479.1 million, slightly above the estimate of $478.2 million.
- Climate & Sustainability Technologies revenue decreased by 13% to $347.5 million, below the estimate of $382 million.
- The adjusted free cash flow fell by 15% to $385.0 million.
- Overall organic revenue grew by 0.3%, which was less than the estimated 2.52%.
- Engineered Products showed organic revenue growth of 1.6%, below the 7.69% estimate.
- Clean Energy & Fueling saw organic revenue growth of 7.9%, exceeding the 3.73% estimate.
- Pumps & Process Solutions’ organic growth was 2.9%, slightly under the 3.19% estimate.
- Climate & Sustainability Technologies reported a 12.8% decline in organic revenue, missing the -3.96% estimate.
- Imaging & Identification achieved 1.3% organic revenue growth against an estimate of 2.97%.
- Engineered Products adjusted EBIT was $60.0 million, representing a 49% drop year-over-year.
- Clean Energy & Fueling adjusted EBIT increased by 31% to $103.2 million, beating the $97.3 million estimate.
- Imaging & Identification’s adjusted EBIT improved by 8.5% to $78.7 million, slightly exceeding the $77.5 million estimate.
- Pumps & Process Solutions adjusted EBIT rose by 17% to $142.4 million, surpassing the $138.6 million estimate.
- Climate & Sustainability Technologies adjusted EBIT was down 37% to $45.0 million, below the $60.2 million estimate.
- Dover forecasts GAAP EPS for 2025 between $8.16 and $8.36, with adjusted EPS between $9.30 and $9.50.
- The company anticipates full-year revenue growth of 2% to 4% and organic growth of 3% to 5%.
- There are 11 buy recommendations, 7 holds, and 1 sell for Dover’s stock.
Dover Corp on Smartkarma
Analyst coverage of Dover Corp on Smartkarma, an independent investment research network, provides valuable insights for investors. One notable report by Baptista Research, led by Richard J. Tobin, President and CEO, highlighted Dover Corporation’s strong performance in the second quarter of 2024. The report emphasizes the company’s 5% increase in organic revenue driven by high market demand in sectors such as engineered products, clean energy components, and imaging and identification technologies.
Baptista Research‘s bullish sentiment towards Dover Corp is evident in their analysis, which focuses on the company’s strategic enhancements through acquisitions and divestitures. The report outlines the key positives observed in Dover’s financial forecasts, underlining the robust revenue growth and the successful execution of growth strategies. This comprehensive coverage on Smartkarma offers investors a detailed understanding of Dover Corporation’s outlook and performance in the market.
A look at Dover Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Long-Term Outlook for Dover Corp based on Smartkarma Smart Scores
According to the Smartkarma Smart Scores, Dover Corp demonstrates a promising long-term outlook. With a strong score of 4 in Growth and Momentum, the company is positioned well for future expansion and market performance. This indicates that Dover Corp is likely to experience solid growth in its business operations and maintain a positive market momentum in the long run.
While Dover Corp scores slightly lower in Value and Dividend at 2, its Resilience score of 3 suggests that the company shows steady strength and adaptability in navigating market challenges. Overall, Dover Corp‘s favorable ratings in Growth and Momentum indicate a promising long-term outlook for investors seeking potential growth opportunities in the industrial products and manufacturing equipment sector.
Company Summary:
Dover Corporation is a manufacturer of industrial products and manufacturing equipment, offering a diverse range of products such as printing systems, waste handling equipment, refrigeration systems, industrial pumps, and electronic tank gauge equipment. With a global customer base, Dover Corp positions itself as a key player in providing solutions for various industrial needs worldwide.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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