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0:00 / 0:00I. Business Overview and Strategy
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Dover's 2023 Revenue Dips 0.8% but Gross Profit Margin Improves 60 BPS Amidst Strategic Acquisitions

DOV10-KFiling Date: 2/9/2024
Dover Corporation
Description

What this story covers

Dover's 2023 revenue decreased 0.8% to 8 point 4 billion dollars, yet gross profit margin rose 60 BPS to 36.6% due to pricing and productivity. Operating cash flow surged to 1 point 34 billion dollars, with strategic acquisitions totaling 535 point 3 million dollars. The company navigated market headwinds, maintaining strong liquidity and an investment-grade rating.

Story snapshot

CompanyDover Corporation
TickerDOV
VariantStandard detailed
Duration35:24
Filing type10-K
PeriodAnnual 2023
IndustryIndustrials & Manufacturing
Accession0000029905-24-000008

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