DOV - Dover Surpasses EPS Forecasts Despite Q4 Revenue Slip Sets Positive Tone For 2024 Growth | Benzinga
Dover Corp (NYSE:DOV) reported fourth-quarter fiscal 2023 revenue of $2.106 billion, a decline of 1.6% year-over-year, missing the consensus of $2.16 billion. Organic revenue fell 3%.
Adjusted EPS was $2.45, up by 13% Y/Y, beating the consensus of $2.42.
Gross profit increased 2.5% to $785.76 million with a profit margin of 37.3%, up 150 bps.
Operating income for the quarter climbed slightly by 0.50% to $354.47 million, and margin expanded by 35 bps to 16.8%.
Total adjusted segment EBITDA grew 3.34% ...