Dover Corporation (DOV)

Sector: Industrials|Industry: Specialty Industrial Machinery|Market Cap: $25.80B|Employees: 25K


Dover Corporation is a diversified global manufacturer and solutions provider, delivering innovative equipment, components, software, and services across five operating segments. The company's core business model centers on producing critical components and engineered systems with aftermarket opportunities. Dover holds leading positions in niche industrial markets, leveraging its engineering capabilities and customer service excellence, with a global presence.

  1. Filings

Filing Highlights

Financial Performance

Q3 revenue increased slightly to $1.98B from $1.96B YoY. Organic growth was only 0.3%, with the majority of the increase attributed to acquisition-related revenue. This suggests underlying organic growth is weak.

Earnings from continuing operations increased to $312.9 million from $262.0 million YoY. This increase is primarily due to the after-tax gain on the sale of the minority owned equity investment, partially offset by higher selling, general and administrative expenses.

The effective tax rate increased to 19.0% from 17.7% for the three months ended September 30, 2024. The increase in the effective tax rate for the three months ended September 30, 2024 relative to the prior year comparable quarter was primarily driven by a gain on disposition.

Growth & Strategy

Management Execution

Risk Factors

Competitive Position

Operational Efficiency

Capital Allocation

Market Environment