Industry News, Ink Manufacturers News

Dover Reports 1Q 2017 Results

Reports quarterly revenue of $1.8 billion, an increase of 12% from the prior year.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Dover announced that for the first quarter ended March 31, 2017, revenue was $1.8 billion, an increase of 12% from the prior year. The increase in the quarter was driven by acquisition growth of 12% and organic growth of 4%, partially offset by a 3% impact from dispositions and an unfavorable impact from foreign exchange (FX) of 1%.   Net earnings were $172.2 million, an increase of 73% as compared to $99.4 million for the prior year period. Diluted net earnings per share (EPS) for the first q...

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