NYSE$DOV

Dover Corp · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Dover's Q4 2020 financial results were announced, showing a slight increase in revenue and a rise in GAAP net earnings and EPS.

Dover reported a slight increase in revenue for Q4 2020, with GAAP net earnings up 8% and GAAP diluted EPS up 9%. Adjusted net earnings declined slightly, but adjusted diluted EPS increased by 1%. The company anticipates robust top-line growth, margin expansion, and EPS accretion in 2021.

  • Revenue increased slightly compared to the fourth quarter of the prior year.
  • GAAP net earnings increased 8%, and GAAP diluted EPS increased 9%.
  • Adjusted net earnings declined slightly, and adjusted diluted EPS increased 1%.
  • The company expects to generate GAAP EPS in the range of $5.42 to $5.62 in 2021.

Headline financials

Total Revenue

$1.78B

Previous: $1.78B+0.2%
EPS (adj)

$1.55

Previous: $1.54+0.6%
Bookings

$1.94B

No prior period
Capital Expenditures

$42.1M

Previous: $49.5M-14.9%
Free Cash Flow

$376M

Previous: $896M-58.1%
Net Income

$182M

Previous: $168M+8.3%
Operating Income

$246M

Previous: $248M-0.9%
Gross Profit

$651M

Previous: $651M+0.0%
Cash & Equivalents

$513M

Previous: $397M+29.2%
Total Assets

$9.15B

Previous: $8.67B+5.6%
Stock-Based Comp

$9.44M

Previous: $5.21M+81.1%

Revenue & EPS history

Dover · Revenue · Quarterly

$1.78B

Q4 2020+0.2%vs Q4 2019
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Revenue by segment

Dover · $1.78B total across 5 segments · Q4 2020

  • Clean Energy & Fueling
    $409M-8.0%
  • Engineered Products
    $394M-6.6%
  • Pumps & Process Solutions
    $347M+5.9%
  • Climate & Sustainability Tech
    $342M+11.8%
  • Imaging & Identification
    $288M+4.9%

Forward guidance

Dover expects to generate GAAP EPS in the range of $5.42 to $5.62 (adjusted EPS of $6.25 to $6.45), based on full year revenue growth of 8% to 10% (5% to 6% on an organic basis).

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 2020

Historical avgQ4 2020

+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

Earnings price reactions
QuarterReport dateReaction (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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