Dover (DOV) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter decreased compared to the prior quarter and also declined versus the same quarter last year. The sequential drop follows a pattern of alternating quarterly changes over the recent periods.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the quarter decreased compared to the prior quarter and also declined versus the same quarter last year. The sequential drop follows a pattern of alternating quarterly changes over the recent periods.
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
+3.5%
Change from the immediately preceding quarter.
Year-over-year
-7.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$7.7B
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 |
|---|---|---|
| Sep 30, 2023 | $2B | -9.3% |
| Dec 31, 2023 | $1.9B | +29.1% |
| Mar 31, 2024 | $1.9B | -9.4% |
| Jun 30, 2024 | $1.9B | -7.2% |
Revenue performance
The reported revenue for the current quarter was lower than in the immediately preceding quarter. This marks a continuation of the uneven quarterly performance seen over the recent fiscal year.
Quarterly comparison
Compared to the same quarter one year earlier, revenue was down. The sequential change from the previous quarter was also a decrease, with the trend data showing a fluctuating direction over the past four quarters.
What to watch
The company's free cash flow as a percentage of revenue and net earnings both declined compared to the prior-year period, warranting attention to cash generation efficiency.