Industry News, Ink Manufacturers News

Dover Reports 4Q, Full Year 2016 Results

Reports quarterly revenue of $1.8 billion, an increase of 5% from the prior year.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Dover announced that for the fourth quarter ended Dec. 31, 2016, revenue was $1.8 billion, an increase of 5% from the prior year. The increase in the quarter was driven by acquisition growth of 11%, offset by an organic revenue decline of 2%, a 3% impact from dispositions, and an unfavorable impact from foreign exchange of 1%.   Earnings from continuing operations were $161.2 million, an increase of 18% as compared to $136.6 million for the prior year period. Diluted earnings per share (EPS) f...

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