Dover Corporation Reports Earnings Results for the Fourth Quarter Ended December 31, 2018
January 29, 2019 at 06:45 am
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Dover Corporation announced earnings results for the fourth quarter ended December 31, 2018. For the fourth quarter, the company announced sales was USD 1,808.950 million compared to USD 1,752.530 million a year ago. Net income was USD 141.569 million compared to USD 296.448 million a year ago. Basic earnings per share from continuing operations was USD 1.08 compared to USD 1.86 a year ago. Basic earnings per share was USD 0.97 compared to USD 1.9 a year ago. Diluted earnings per share from continuing operations was USD 1.07 compared to USD 1.83 a year ago. Diluted earnings per share was USD 0.96 compared to USD 1.88 a year ago. For the full year, sales was USD 6,992.118 million compared to USD 6,820.886 million a year ago. Net income was USD 570.267 million compared to USD 811.665 million a year ago. Basic earnings per share from continuing operations was USD 3.94 compared to USD 4.8 a year ago. Basic earnings per share was USD 3.8 compared to USD 5.21 a year ago. Diluted earnings per share from continuing operations was USD 3.89 compared to USD 4.73 a year ago. Diluted earnings per share was USD 3.75 compared to USD 5.15 a year ago.
Dover Corporation is a diversified industrial group. Net sales break down by family of products as follows:
- material handling equipment (23.7%): industrial and recreational winches, construction and demolition machinery attachments, hydraulic parts, industrial automation tools, etc.;
- fluid management products (21.2%): sucker rods, drill bit inserts for oil and gas exploration, control valves, piston and seal rings, nozzles, swivels, suction system equipment, etc.;
- refrigeration equipment (21.1%): refrigeration systems, commercial kitchen air and ventilation systems, heat transfer equipment, food and beverage packaging machines, etc.;
- mobile equipment (20.8%): tank trailers, compactors, balers, car wash systems, internal engine components, etc.;
- identification products (13.2%): industrial marking and coding systems used to code information on products, product traceability, etc.
Net sales are distributed geographically as follows: the United States (55.8%), Americas (8.1%), Europe (20.8%), Asia (11%) and other (4.3%).
DOVER CORPORATION 
