DOVER Corp

10-K & 10-Q Filings

Dover Corporation is a diversified global manufacturing and solutions provider with a presence in over 35 countries. The company was founded in 1947 and is headquartered in Downers Grove, Illinois. Dover operates through five business segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions, and Climate & Sustainability Technologies. Dover's business strategy includes capturing growth potential in end-markets and adjacent market segments, improving profitability and return on invested capital, and disciplined capital allocation and continuous portfolio enhancement. The company focuses on acquiring businesses with a strong fit that enhance existing franchises and making organic investments in capacity expansion, automation, and productivity improvement. Dover's Engineered Products segment provides a wide range of equipment, components, software, solutions, and services to various industries, including solid waste handling, vehicle service, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing. The Clean Energy & Fueling segment offers solutions for safe storage, transport, handling, and dispensing of clean and traditional fuels, cryogenic gases, and other hazardous fluids, as well as safe and efficient operation of retail fueling and vehicle wash establishments. The company's website is www.dovercorporation.com, and its stock is traded on the New York Stock Exchange under the ticker symbol DOV.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$7950.14
8104.34
8729.81
7752.73
6956.31
6794.34
7830.44
6992.12
7136.40
6683.76
7907.08
8508.09
8438.13
2079.02
2093.94
0.50%0.72%Cost of Revenue (-)
$4898.72
4997.27
5390.03
4778.48
4388.17
4322.37
4940.06
4432.56
4515.46
4209.74
4937.30
5444.53
5353.50
1332.00
1336.69
0.74%0.35%Gross Profit (+)
$3051.42
3107.07
3339.78
2974.25
2568.14
2471.97
2890.38
2559.56
2620.94
2474.02
2969.79
3063.56
3084.63
747.02
757.25
0.09%1.37%Selling, General & Administrative (-)
$1840.61
1841.69
1985.85
1758.77
1647.38
1757.52
1975.93
1716.44
1599.10
1541.03
1688.28
1684.23
1718.29
432.41
463.12
-0.57%7.10%Operating Expenses (-)
$1840.61
1841.69
1985.85
1758.77
1647.38
1757.52
1975.93
1716.44
1646.04
1535.82
1688.28
1684.23
1718.29
432.41
463.12
-0.57%7.10%Costs & Expenses (Total) (-)
$6739.33
6838.96
7375.88
6537.24
6035.55
6079.90
6915.99
6149.01
6114.56
5745.56
6625.57
7128.76
7071.79
1764.42
1799.81
0.40%2.01%Operating Income/Loss (+)
$1210.82
1265.38
1353.93
1215.48
920.76
714.45
914.45
843.11
974.89
932.99
1281.51
1379.33
1366.34
314.61
294.13
1.01%-6.51%Non-operating Income/Expense (+)
$0.06
-6.67
4.22
5.90
7.11
7.93
-7.03
4.36
36.49
11.90
14.86
20.20
21.47
3.81
6.42
64.42%68.49%Interest Expense (-)
$-115.60
121.14
120.74
127.18
127.26
136.40
145.21
130.97
125.82
111.94
106.32
116.46
131.31
34.21
36.37
6.29%Earnings before Tax (+)
$1095.16
1137.57
1237.41
1094.21
800.61
689.33
973.84
725.38
843.01
841.73
1190.05
1283.08
1256.51
284.20
264.18
1.15%-7.04%Tax Expense (-)
$248.80
304.45
271.61
316.07
204.73
180.44
162.18
134.23
165.09
158.28
277.01
222.13
213.18
57.72
166.66
-1.28%188.76%Income/Loss (Continuing Operations) (+)
$846.37
833.12
965.80
778.14
595.88
508.89
811.66
591.14
677.92
683.45
913.04
1060.95
1043.33
226.48
97.52
1.76%-56.94%Income/Loss (Discontinued Operations) (+)
$48.88
-22.05
37.32
-2.90
273.95
-20.88
Net Income/Loss (+)
$895.24
811.07
1003.13
775.24
869.83
508.89
811.66
570.27
677.92
683.45
1123.82
1065.38
1056.83
228.57
632.22
1.39%176.59%Net Income/Loss (Common) (+)
$895.24
811.07
1003.13
775.24
869.83
508.89
811.66
570.27
677.92
683.45
1123.82
1065.38
1056.83
228.57
632.22
1.39%176.59%EPS (Basic)
$4.82
4.47
5.86
4.65
5.52
3.28
5.21
3.80
4.67
4.74
7.81
7.47
7.56
1.64
4.55
3.82%177.44%EPS (Diluted)
$4.74
4.41
5.78
4.59
5.46
3.25
5.15
3.75
4.61
4.70
7.74
7.42
7.52
1.63
4.52
3.92%177.30%Weighted Avg Shares (Basic)
0.19
174.68
170.02
163.05
157.62
155.23
155.69
149.87
145.20
144.05
143.92
142.68
139.85
139.76
139.05
73.66%-0.51%Weighted Avg Shares (Diluted)
0.19
159.17
156.64
157.74
152.13
146.99
145.39
145.27
143.59
140.60
140.62
139.87
73.51%-0.53%Cash
$1206.76
800.08
803.88
681.58
362.19
349.15
753.96
396.22
397.25
513.08
385.50
380.87
398.56
272.43
929.95
-8.82%241.36%Short-term Investments
$
Receivables
$1190.27
1225.90
1359.10
1186.75
1120.49
1265.20
1385.57
1231.86
1217.19
1137.22
1347.51
1516.87
1432.04
1460.97
1519.46
1.55%4.00%Inventory
$803.35
872.84
927.00
863.74
802.89
870.49
878.63
748.80
806.14
835.80
1191.10
1366.61
1225.45
1405.42
1245.66
3.58%-11.37%Prepaid Expenses (Current)
$154.86
79.09
75.55
101.48
135.21
104.36
188.95
126.88
127.85
133.09
137.60
159.12
141.54
177.04
214.87
-0.75%21.37%Other Assets (Current)
$41.91
49.94
74.63
63.28
192.64
13.56%Assets (Current)
$3397.13
3027.84
3240.16
2896.82
2420.78
2589.19
3207.12
2503.75
2548.43
2619.19
3061.71
3423.47
3390.24
3315.85
3909.94
-0.02%17.92%Property, Plant & Equipment (Net)
$1000.87
1167.05
1182.98
837.07
854.27
945.67
999.77
806.50
842.32
897.33
957.31
1004.83
1031.82
1011.71
1024.34
0.25%1.25%Goodwill & Intangibles
$4994.20
5740.07
5855.40
4861.08
5150.61
6365.60
6201.84
4811.58
4838.36
5156.31
5918.34
6003.23
6365.60
5982.41
6484.88
2.04%8.40%Other Assets
$104.81
508.98
559.63
495.42
194.10
215.53
248.92
243.94
440.37
479.25
466.26
465.00
560.86
494.68
567.87
15.00%14.80%Assets (Non-current)
$6099.88
7416.10
7598.01
6193.56
6198.98
7526.80
7450.53
5862.02
6121.05
6532.89
7341.92
7473.05
7958.28
7488.80
8077.09
2.24%7.86%Assets (Total)
$9501.45
10443.94
10838.17
9090.39
8619.76
10115.99
10657.65
8365.77
8669.48
9152.07
10403.63
10896.52
11348.51
10804.65
11987.03
1.49%10.94%Accounts Payable
$825.53
1016.91
1032.39
899.23
880.45
1097.11
1259.08
1196.05
1227.70
1111.36
1468.55
1369.36
1267.93
1293.71
1347.10
3.64%4.13%Debt (Current)
$1.02
610.77
229.28
777.96
151.12
414.55
581.10
220.32
84.70
105.70
735.77
468.28
514.57
968.97
66.63%88.31%Other Liabilities (Current)
$376.42
358.95
353.91
362.17
335.61
428.66
458.01
411.05
437.49
627.44
676.09
668.15
677.56
700.22
668.36
5.02%-4.55%Liabilities (Current)
$1202.98
1986.63
1615.58
2039.35
1367.18
1940.32
2298.19
1827.42
1749.89
1738.80
2250.34
2773.27
2413.77
2508.49
2984.43
5.97%18.97%Debt (Non-current)
$2186.23
2189.35
2599.20
2253.04
2617.34
3206.64
2986.70
2943.66
2985.72
3108.83
3018.71
2942.51
2991.76
2961.36
2973.49
2.65%0.41%Other Liabilities
$1181.68
1348.74
1245.99
1097.26
990.66
1169.29
989.58
826.02
901.21
918.67
945.04
894.37
836.38
874.23
876.26
-2.84%0.23%Liabilities (Non-current)
$3367.91
3538.09
3845.20
3350.31
3608.01
4375.93
3976.28
3769.68
3886.93
4027.50
3963.76
3836.88
3828.14
3835.59
3849.75
1.07%0.37%Liabilities (Total)
$4570.89
5524.71
5460.78
5389.66
4975.19
6316.24
6274.47
5597.10
5636.82
5766.30
6214.10
6610.15
6241.91
6344.08
6834.18
2.63%7.73%Treasury Stock
$-2564.93
3313.89
3771.76
4371.85
4972.02
4972.02
5077.04
5947.56
6090.84
6197.12
6218.76
6797.69
6797.69
Retained Earnings
$6629.12
7199.23
7954.54
7074.78
7686.64
7927.80
8455.50
7815.49
8211.26
8608.28
9445.25
10223.07
10995.62
4.31%AOCI
$-47.51
-54.91
67.72
-158.93
-254.57
-359.33
-194.76
-243.10
-216.03
-153.25
-154.05
-266.22
-237.87
Shareholder's Equity
$4930.56
4919.23
5377.40
3700.72
3644.57
3799.75
4383.18
2768.67
3032.66
3385.77
4189.53
4286.37
5106.60
4460.56
5152.85
0.29%15.52%Liabilities & Equity
$9501.45
10443.94
10838.17
9090.39
8619.76
10115.99
10657.65
8365.77
8669.48
9152.07
10403.63
10896.52
11348.51
10804.65
11987.03
1.49%10.94%Net Income/Loss
$895.24
811.07
1003.13
775.24
869.83
508.89
811.66
570.27
677.92
683.45
1123.82
1065.38
1056.83
228.57
632.22
1.39%176.59%Depreciation & Amortization
$303.14
357.58
421.62
307.19
327.09
360.74
394.24
282.58
272.29
279.05
290.12
307.54
317.46
77.90
84.71
0.39%8.75%Increase/Decrease in Working Capital
$-98.54
-58.10
206.32
148.05
16.95
-135.90
61.41
88.57
104.90
-129.76
91.48
578.52
-21.32
77.47
35.55
-54.11%Share-based Compensation
$129.51
30.88
30.48
31.63
30.70
21.02
26.53
23.70
29.70
25.03
31.11
30.82
31.46
12.28
15.16
-11.12%23.42%Adjustments to Reconcile Net Income
$162.99
450.09
175.56
174.93
79.23
353.08
9.89
218.93
267.39
421.36
-7.95
-259.65
279.52
12.71
-465.63
4.60%-3763.48%Net Cash (Operating)
$1058.23
1261.16
1178.68
950.16
949.06
861.98
821.56
789.19
945.31
1104.81
1115.87
805.72
1336.35
241.28
166.59
1.96%-30.96%Capital Expenditure
$-2180.91
1318.60
454.22
762.57
18.18
1502.79
-155.22
229.71
590.50
478.87
1001.49
527.76
721.98
46.37
-422.38
-1010.93%Net Cash (Investing)
$-1025.79
-1345.89
-463.05
-782.56
-34.58
-1503.84
176.37
-245.48
-384.25
-481.38
-992.75
-540.92
-726.63
-43.56
429.85
1086.89%Increase/Decrease in Debt
$1176.62
603.92
19.53
244.93
-232.75
909.22
-183.19
-360.72
-93.29
-84.70
105.00
629.89
-267.49
-221.21
500.69
326.35%Increase/Decrease in Equity
$242.49
-748.96
-457.87
-601.08
-600.16
-105.02
-894.98
-143.28
-106.28
-21.64
-585.00
-500.00
Interest Expenses
$121.81
125.77
123.88
128.41
128.15
131.18
140.86
131.82
126.75
108.12
102.14
112.47
126.70
0.33%Dividends Paid
$-219.15
240.96
247.82
258.49
257.97
268.34
283.96
283.57
282.20
284.31
286.90
287.55
284.30
70.77
71.44
0.94%Net Cash (Financing)
$-50.50
-342.94
-678.54
-255.49
-1091.89
633.61
-594.74
-897.84
-558.04
-506.29
-249.88
-260.26
-568.06
-306.56
-80.78
73.65%Cash Taxes Paid
$281.08
281.33
338.78
372.45
346.38
170.39
337.99
135.43
191.08
199.66
233.63
354.47
332.19
1.40%Effect of Exchange Rate
$15.99
16.11
-3.30
-40.43
-26.06
-4.78
1.63
10.64
-1.98
-1.32
-0.80
-9.17
-6.67
0.40
-1.57
-497.22%Increase/Decrease in Cash
$17.68
-406.68
3.81
-122.30
-319.40
-13.04
404.82
-357.74
1.03
115.82
-127.57
-4.64
34.99
-108.44
514.09
5.86%574.07%Cash (Beginning)
$1189.08
1206.76
800.08
803.88
681.58
362.19
349.15
753.96
513.08
385.50
380.87
380.87
415.86
-9.05%9.19%Cash (Ending)
$1206.76
800.08
803.88
681.58
362.19
349.15
753.96
396.22
385.50
380.87
415.86
272.43
929.95
-8.50%241.36%NOPAT
$900.05
952.44
983.25
801.76
1319.13
537.84
597.07
685.70
753.92
711.69
1029.92
998.27
1005.11
250.71
479.69
0.92%91.33%Gross Margin %
38.38%
38.34%
38.26%
38.36%
36.92%
36.38%
36.91%
36.61%
36.73%
37.02%
37.56%
36.01%
36.56%
35.93%
36.16%
Operating Margin %
15.23%
15.61%
15.51%
15.68%
13.24%
10.52%
11.68%
12.06%
13.66%
13.96%
16.21%
16.21%
16.19%
15.13%
14.05%
NOPAT Margin %
11.32%
11.75%
11.26%
10.34%
18.96%
7.92%
7.63%
9.81%
10.56%
10.65%
13.03%
11.73%
11.91%
12.06%
22.91%
Net Margin %
11.26%
10.01%
11.49%
10.00%
12.50%
7.49%
10.37%
8.16%
9.50%
10.23%
14.21%
12.52%
12.52%
10.99%
30.19%
Tax Rate %
25.67%
24.73%
27.38%
34.04%
-43.26%
24.72%
34.71%
18.67%
22.67%
23.72%
19.63%
27.63%
26.44%
20.31%
-63.09%
ROA
9.47%
9.12%
9.07%
8.82%
15.30%
5.32%
5.60%
8.20%
8.70%
7.78%
9.90%
9.16%
8.86%
2.32%
4.00%
ROE
18.25%
19.36%
18.28%
21.66%
36.19%
14.15%
13.62%
24.77%
24.86%
21.02%
24.58%
23.29%
19.68%
5.62%
9.31%
ROIC
11.36%
10.96%
10.93%
10.76%
17.88%
6.26%
6.69%
10.20%
11.12%
9.82%
12.67%
11.44%
11.18%
2.91%
5.32%
Asset Turnover
0.84
0.78
0.81
0.85
0.81
0.67
0.73
0.84
0.82
0.73
0.76
0.78
0.74
0.19
0.17
Inventory Turnover
6.10
5.73
5.81
5.53
5.47
4.97
5.62
5.92
5.60
5.04
4.15
3.98
4.37
0.95
1.07
Equity Multiplier
1.93
2.12
2.02
2.46
2.37
2.66
2.43
3.02
2.86
2.70
2.48
2.54
2.22
2.42
2.33
Current Ratio
2.82
1.52
2.01
1.42
1.77
1.33
1.40
1.37
1.46
1.51
1.36
1.23
1.40
1.32
1.31
Quick Ratio
1.99
1.02
1.34
0.92
1.08
0.83
0.93
0.89
0.92
0.95
0.77
0.68
0.76
0.69
0.82
Debt/Equity Ratio
0.44
0.57
0.53
0.82
0.76
0.95
0.81
1.14
1.01
0.92
0.75
0.86
0.68
0.78
0.77
Interest Coverage Ratio
9.94
10.06
10.93
9.47
7.18
5.45
6.49
6.40
7.69
8.63
12.55
12.26
10.78
Working Capital/Sales
0.24
0.22
0.22
0.23
0.20
0.19
0.22
0.16
0.15
0.18
0.16
0.20
0.19
0.77
0.72
Dividend Payout Ratio %
-24.35%
25.30%
25.20%
32.24%
19.56%
49.89%
47.56%
41.35%
37.43%
39.95%
27.86%
28.80%
28.29%
28.23%
14.89%
Total Payout
$-1516.46
511.77
810.04
743.04
1219.03
-509.69
713.04
1671.09
645.52
583.41
305.67
355.13
678.49
291.98
70.75
-75.77%Payout Ratio %
-168.49%
53.73%
82.38%
92.68%
92.41%
-94.77%
119.42%
243.70%
85.62%
81.98%
29.68%
35.57%
67.50%
116.46%
14.75%