NYSE$DOV
Dover Corp · Q4 2019 earnings
Q4 2019 earnings · · Investor relations
Briefing
Dover's Q4 2019 financial results were announced, demonstrating a slight revenue decline but solid adjusted earnings growth.
Dover reported Q4 2019 revenue of $1.776 billion, a slight decrease of 1.8% compared to Q4 2018. However, the company's GAAP EPS increased by 7.5% to $1.15, and adjusted EPS rose by 7.7% to $1.54. The company's performance reflects strong operational execution and disciplined capital allocation.
- Dover's Q4 revenue was $1.8 billion, a 2% decrease (-1% organic) compared to the previous year.
- GAAP earnings from continuing operations increased 6% to $168 million.
- GAAP diluted EPS increased 7% to $1.15.
- Adjusted diluted EPS increased 8% to $1.54 compared to the prior year.
Headline financials
Revenue & EPS history
Dover · Revenue · Quarterly
$1.78B
Revenue by segment
Dover · $1.78B total across 5 segments · Q4 2019
- Clean Energy & Fueling$445M—25.1%
- Engineered Products$422M—23.8%
- Pumps & Process Solutions$328M—18.5%
- Climate & Sustainability Tech$306M—17.2%
- Imaging & Identification$274M—15.5%
Forward guidance
Dover expects to generate GAAP EPS in the range of $5.48 to $5.68 (adjusted EPS of $6.20 to $6.40), based on full year revenue growth of 2% to 3% in 2020.
Tailwinds
- Most markets remain constructive.
- Order backlog is up year-over-year in four out of five segments.
- Progressing well on multiple in-flight cost and productivity initiatives.
- M&A pipeline remains active.
- Well-positioned to deliver top-line growth, margin expansion and solid EPS accretion in 2020.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2019
+0.9%
Avg return
Earnings day
+2.2%
Avg return
5 days after
+3.7%
Avg return
30 days after
58%
41 / 71 earnings
Positive
+12.1%
Q4 2018
Best reaction
-8.1%
Q1 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +6.3% | +3.7% | -2.9% | |
| Q4 2025 | -3.4% | +2.7% | +9.5% | |
| Q3 2025 | +8.2% | +7.2% | +9.5% | |
| Q2 2025 | -1.9% | -1.7% | -5.4% | |
| Q1 2025 | +2.0% | +2.3% | +6.9% | |
| Q4 2024 | +4.1% | +2.8% | +0.7% | |
| Q3 2024 | -2.5% | +0.1% | +6.8% | |
| Q2 2024 | +5.0% | +4.6% | +4.7% | |
| Q1 2024 | +5.1% | +4.6% | +7.4% | |
| Q4 2023 | +6.0% | +7.4% | +11.7% | |
| Q3 2023 | -2.8% | -4.1% | +3.5% | |
| Q2 2023 | -3.5% | -4.2% | -7.1% | |
| Q1 2023 | -0.6% | +0.7% | -5.8% | |
| Q4 2022 | +9.3% | +11.4% | +5.6% | |
| Q3 2022 | +2.9% | +4.9% | +14.9% | |
| Q2 2022 | +2.3% | +1.2% | +9.7% | |
| Q1 2022 | -8.1% | -10.6% | -15.9% | |
| Q4 2021 | -1.7% | -0.1% | -6.4% | |
| Q3 2021 | +1.2% | +1.5% | +5.9% | |
| Q2 2021 | +8.0% | +8.1% | +13.5% | |
| Q1 2021 | +6.0% | +5.5% | +5.4% | |
| Q4 2020 | -2.1% | +0.3% | +3.6% | |
| Q3 2020 | +0.9% | +3.1% | +10.6% | |
| Q2 2020 | +2.2% | +2.7% | +6.2% | |
| Q1 2020 | +0.4% | +5.8% | +5.7% | |
| Q4 2019 | -2.2% | +0.1% | -11.7% | |
| Q3 2019 | +6.7% | +8.7% | +14.2% | |
| Q4 2018 | +12.1% | +10.6% | +14.2% | |
| Q3 2018 | +0.2% | +0.5% | +6.6% | |
| Q2 2018 | +8.2% | +6.8% | +13.2% | |
| Q1 2018 | -1.5% | -4.6% | +4.1% | |
| Q4 2017 | +2.4% | -0.4% | -5.6% | |
| Q3 2017 | +1.5% | +2.5% | +0.7% | |
| Q2 2017 | -2.7% | -1.1% | -1.6% | |
| Q1 2017 | +0.1% | +2.5% | +4.9% | |
| Q4 2016 | -2.1% | -4.6% | -1.7% | |
| Q3 2016 | +1.0% | +2.1% | +3.9% | |
| Q2 2016 | -2.4% | -1.0% | +1.8% | |
| Q1 2016 | -0.7% | — | — | |
| Q4 2015 | +4.2% | — | — | |
| Q3 2015 | +7.2% | — | — | |
| Q2 2015 | -2.6% | — | — | |
| Q1 2015 | -1.5% | — | — | |
| Q4 2014 | -3.3% | — | — | |
| Q3 2014 | +3.4% | — | — | |
| Q2 2014 | -0.3% | — | — | |
| Q1 2014 | +3.2% | — | — | |
| Q4 2013 | -3.5% | — | — | |
| Q3 2013 | +0.7% | — | — | |
| Q2 2013 | +6.1% | — | — | |
| Q1 2013 | -5.0% | — | — | |
| Q4 2012 | -2.0% | — | — | |
| Q3 2012 | +1.3% | — | — | |
| Q2 2012 | +4.6% | — | — | |
| Q1 2012 | -4.1% | — | — | |
| Q4 2010 | +1.0% | — | — | |
| Q4 2011 | +1.0% | — | — | |
| Q3 2011 | +0.4% | — | — | |
| Q2 2011 | +0.4% | — | — | |
| Q1 2011 | +3.4% | — | — | |
| Q3 2010 | -2.5% | — | — | |
| Q2 2010 | +5.4% | — | — | |
| Q1 2009 | +6.7% | — | — | |
| Q1 2010 | -0.3% | — | — | |
| Q4 2009 | +1.2% | — | — | |
| Q4 2007 | +1.2% | — | — | |
| Q3 2009 | -3.8% | — | — | |
| Q3 2008 | -3.8% | — | — | |
| Q4 2008 | -5.5% | — | — | |
| Q2 2009 | -5.5% | — | — | |
| Q2 2008 | -5.5% | — | — |
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