Dover (DOV) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter declined sequentially and also fell compared with the same period last year. The decrease versus a year ago was driven by lower sales across the company's portfolio.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter declined sequentially and also fell compared with the same period last year. The decrease versus a year ago was driven by lower sales across the company's portfolio.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.9B
Revenue reported for this quarter.
Quarter-over-quarter
-1.1%
Change from the immediately preceding quarter.
Year-over-year
-9.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$7.8B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2023 | $2.1B | -2.7% |
| Sep 30, 2023 | $2B | -9.3% |
| Dec 31, 2023 | $1.9B | +29.1% |
| Mar 31, 2024 | $1.9B | -9.4% |
Revenue performance
Reported revenue moved lower, reversing the prior quarter's sequential increase. The company's filing context does not provide specific operational drivers for the change.
Quarterly comparison
Revenue was down from the immediately preceding quarter, which had shown a strong sequential gain. Compared with the same quarter a year earlier, revenue also declined, with the year-ago comparison reflecting a steeper drop than the sequential trend.
What to watch
Monitor whether revenue growth can recover from the current sequential and year-over-year declines in upcoming quarters.