Dover completes ESG sale; recast filing shows $529.9 million Q1 gain
Dover completed the sale of its Environmental Service Group (ESG) business on October 8, 2024, and furnished unaudited recast financials that present ESG as discontinued operations ahead of its third quarter 2024 results. The filing shows a $529.9 million pre-tax gain on the disposition in the first quarter of 2024, while second-quarter 2024 revenue of $1.95 billion and diluted EPS from continuing operations of $1.78 were both slightly below the prior-year quarter. The recast figures are unaudited and derived from audited historical statements.
- ESG business sale completed October 8, 2024; ESG is now reported as discontinued operations
- Q1 2024 gain on disposition of $529.9 million pre-tax; Q1 2024 diluted net earnings per share of $4.52
- Q2 2024 revenue of $1.95 billion vs $1.96 billion in Q2 2023; diluted EPS from continuing operations $1.78 vs $1.86
- Q2 2024 adjusted diluted EPS from continuing operations $2.10 vs $2.14 in Q2 2023