Dover Corporation (NYSE:DOV) reported fourth-quarter results on Thursday, beating earnings and revenue expectations.
For the quarter, Dover generated revenue of $2.099 billion, an increase of 9%, beating the consensus of $2.082 billion.
Adjusted diluted earnings per share from continuing operations was $2.51, up 14% year over year, beating the consensus of $2.48.
Total segment margin came in at 22.8%, up from 22.2% last year. Non-GAAP quarterly free cash flow came in at $486.96 million. Cash and cash equivalents totaled $1.67 billion.
Dover’s President and CEO, Richard J. Tobin, said, “Fourth quarter results reflect broad-based top line strength across the portfolio, …