The company said revenue for Q3 2024 was $2.0 billion, up $25.1 million (1.3%) from the prior year. Acquisition-related growth of 3.8% and organic growth of 0.3% were partly offset by a disposition-related decline of 2.7% and a foreign currency translation decline of 0.1%.

10-QQuarterly reportFiled Oct 24, 2024Period of report Sep 30, 2024Summary published (UTC) Oct 24, 2026

Key points

AI summary

The company said revenue for Q3 2024 was $2.0 billion, up $25.1 million (1.3%) from the prior year. Acquisition-related growth of 3.8% and organic growth of 0.3% were partly offset by a disposition-related decline of 2.7% and a foreign currency translation decline of 0.1%.
Organic revenue growth in Q3 was driven by Engineered Products at 12.1%, Imaging & Identification at 3.3% and Pumps & Process Solutions at 1.9%, the company said. Climate & Sustainability Technologies fell 9.4% and Clean Energy & Fueling fell 1.2%, it added.
Dover said it completed the sale of the Environmental Solutions Group business on October 8, 2024 for total consideration, net of cash transferred, of $2.0 billion. It also said it completed 4 business acquisitions for about $460.5 million in Q3.
The company said free cash flow for the 9 months ended 2024 was $535.3 million, down $59.6 million from the prior year period. It cited tax payments of $80.0 million on the gain from the De-Sta-Co sale as the main factor.

Key figures

Quarter ended September 30, 2024

Revenue: $2.0B
Operating income: $334M
Net income: $347M
EPS: $2.51
Gross profit: $763M

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Revenue for Q3 2024 $2.0 billion

The company said revenue for Q3 2024 was $2.0 billion, up $25.1 million (1.3%) from the prior year. Acquisition-related growth of 3.8% and organic growth of 0.3% were partly offset by a disposition-related decline of 2.7% and a foreign currency translation decline of 0.1%.

Source · Based on the MD&A text of the filing

Organic revenue changes by segment

Organic revenue growth in Q3 was driven by Engineered Products at 12.1%, Imaging & Identification at 3.3% and Pumps & Process Solutions at 1.9%, the company said. Climate & Sustainability Technologies fell 9.4% and Clean Energy & Fueling fell 1.2%, it added.

Source · Based on the MD&A text of the filing

Environmental Solutions Group disposal and acquisitions

Dover said it completed the sale of the Environmental Solutions Group business on October 8, 2024 for total consideration, net of cash transferred, of $2.0 billion. It also said it completed 4 business acquisitions for about $460.5 million in Q3.

Source · Based on the MD&A text of the filing

Free cash flow for 9 months $535.3 million

The company said free cash flow for the 9 months ended 2024 was $535.3 million, down $59.6 million from the prior year period. It cited tax payments of $80.0 million on the gain from the De-Sta-Co sale as the main factor.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

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