Dover posts higher profit on strong engineered systems demand
Jan 30 (Reuters) - Dover Corp, the maker of pumps, drill bits and other industrial products, posted a higher quarterly profit, helped by higher sales in its engineered systems business.
Net income from continuing operations rose to $210.8 million, or $1.22 per share, in the fourth quarter ended Dec. 31, from $208.2 million, or $1.16 per share, a year earlier.
Dover earned $1.28 per share, excluding Knowles spin-off costs of 9 cents and a tax benefit of 3 cents.
Revenue rose 10 percent to $2.2 billion. Sales from engineered systems, its largest business, rose 12 percent.
- Seven NATO allies to create new rapid reaction force-report
- Ukraine seeks to join NATO; defiant Putin compares Kiev to Nazis |
- U.S. authorities investigate suspected threat against Obama: reports
- Putin says Russia must strengthen its economic, military position in Arctic
- California passes 'yes-means-yes' campus sexual assault bill