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Income Statement (USD)
Q1 '24 | QoQ | |
---|---|---|
Revenue | 2.59B | 24.7% |
Gross Profit | 757M | 3.6% |
Cost of Revenue | 1.86B | 3% |
Operating expense | 510,000 | 99.9% |
Net Income | 632M | 113.4% |
EBITDA | 881M | 119.4% |
Balance Sheet (USD)
Q1 '24 | QoQ | |
---|---|---|
Total Assets | 12B | 5.6% |
Total Liabilities | 6.83B | 9.5% |
Total Equity | 5.15B | 0.9% |
Shares Outstanding | 139M | 0.6% |
Cash Flow (USD)
Q1 '24 | QoQ | |
---|---|---|
Cash from operations | 167M | 67.7% |
Cash from investing | 430M | 172.8% |
Cash from financing | -81M | 142.7% |
EPS
Financial Highlights for Dover Corporation in Q1 '24
Dover Corporation reported a revenue of 2.59B, which is a 24.7% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 757M, marking a -3.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 1.86B, a 3% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 510,000, showing a -99.9% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 632M, showing a 113.4% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 881M, showing a 119.4% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Dover Corporation faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income.