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Dover Corp [DOV] reports annual net loss of $1.1 billion
By USInMinutes - Mar 07, 2024, 04:49 AM ET
Last Updated - Mar 07, 2024, 04:50 AM EST
![Dover Corp [DOV] reports annual net loss of $1.1 billion](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FDOV.png&w=3840&q=75)
Company Reports Revenue of $8.4 billion
DOVER Corp [DOV] has reported a net loss of $1.1 billion for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $8.4 billion
Based in DOWNERS GROVE, Illinois, DOVER Corp operates in the MANUFACTURING sector.
In the 12 months ended December 31, 2023, the company reported revenue of $8.44 billion, a slight decrease from the previous year's revenue of $8.51 billion in 2022 and an increase from $7.91 billion in 2021.
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Cost of goods and services for the same period was $5.35 billion in 2023, compared to $5.44 billion in 2022 and $4.94 billion in 2021.
The gross profit for 2023 was $3.08 billion, slightly higher than the previous year's $3.06 billion and $2.97 billion in 2021.
Operating earnings for the period were $1.37 billion in 2023, slightly lower than the $1.38 billion in 2022 and higher than $1.28 billion in 2021.
Net earnings for the period amounted to $1.06 billion in 2023, compared to $1.07 billion in 2022 and $1.12 billion in 2021.
The earnings per share for basic and diluted amounts were $7.56 and $7.52 in 2023, $7.47 and $7.42 in 2022, and $7.81 and $7.74 in 2021, respectively.
Weighted average shares outstanding for basic and diluted amounts were 139,848 and 140,599 in 2023, 142,681 and 143,595 in 2022, and 143,923 and 145,273 in 2021.
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