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Dover (DOV)
NYSE:DOV
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Earnings Data
Report Date
Feb 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$2.08Last Year’s EPS
$2.45Same Quarter Last Year
Moderate Buy
Based on 13 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2024
|% Change Since: -1.01%
|Next Earnings Date:Feb 04, 2025
Earnings Call Sentiment|Neutral
The call highlighted a strong performance in terms of segment margins and cash flow, with positive growth in several strategic areas and a constructive outlook for 2025. However, there were notable challenges in certain segments and geographic markets, particularly in Europe, Asia, and specific product lines like heat exchangers and fueling equipment.Company Guidance
In Dover's third quarter 2024 earnings call, the company provided guidance indicating a strong performance with several notable metrics. Segment margin performance reached an all-time high of 22.6%, while bookings increased by 5% organically, highlighting robust demand in areas like clean energy and biopharma components. Adjusted EPS from continuing operations rose by 6% to $2.27. Dover completed the divestiture of its Environmental Solutions Group, which is expected to enhance future capital deployment opportunities. Free cash flow was 17% of revenue for the quarter, contributing to a year-to-date cash flow of 11% of revenue. The company maintains an optimistic outlook for the rest of the year, with portfolio rotation into higher-margin businesses positioning Dover favorably for 2025.Record Segment Margin Performance
Segment margin performance for the quarter was solid at 22.6%, representing an all-time high for Dover's consolidated portfolio.
Positive Organic Bookings Growth
Bookings were up 5% organically in the quarter with strength in clean energy, thermal connectors, CO2 systems, and biopharma components.
Adjusted EPS Growth
Adjusted EPS from continuing operations was up 6% to $2.27.
Strong Cash Flow Performance
Free cash flow was 17% of revenue in the quarter, up $48 million year-over-year.
Positive Outlook for 2025
The company expects positive portfolio rotation into higher margin businesses and has significant optionality for capital deployment.
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DOV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DOV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $191.20 | $184.32 | -3.60% |
| Jul 25, 2024 | $175.40 | $185.33 | +5.66% |
| Apr 25, 2024 | $170.05 | $177.66 | +4.48% |
| Feb 01, 2024 | $148.10 | $154.80 | +4.52% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Dover (DOV) report earnings?
Dover (DOV) is schdueled to report earning on Feb 04, 2025, TBA Not Confirmed.
What is Dover (DOV) earnings time?
Dover (DOV) earnings time is at Feb 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DOV EPS forecast?
DOV EPS forecast for the fiscal quarter 2024 (Q4) is $2.08.
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