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DOVER Investor Contact : Andrey Galiuk Vice President - Corporate Development and Investor Relations ( 630 ) 743-5131 agaliuk@dovercorp.com ( $ in millions , except per share data ) U.S. GAAP Revenue Net earnings Diluted EPS 1 DOVER REPORTS SECOND QUARTER 2021 RESULTS ; RAISES FULL YEAR GUIDANCE DOWNERS GROVE , III . , July 20 , 2021 Dover ( NYSE : DOV ) , a diversified global manufacturer , announced its financial results for the second quarter ended June 30 , 2021 . Non - GAAP Organic revenue change 2 Adjusted net earnings Adjusted diluted EPS Media Contact : Adrian Sakowicz Vice President - Communications ( 630 ) 743-5039 asakowicz@dovercorp.com 2021 Three Months Ended June 30 , % 2020 Change 299 2.06 2,032 $ 1,499 265 125 1.82 0.86 MANAGEMENT COMMENTARY : 164 1.13 112 % 112 % 30 % 82 % 82 % Six Months Ended June 30 , % Change 2021 36 % $ 3,900 $ 3,155 301 2.07 Exhibit 99.1 497 3.43 2020 562 3.87 368 2.53 24 % 65 % 66 % 19 % 53 % 53 % ¹ Q2 2021 and 2020 net earnings include rightsizing and other costs of $ 8.2 million and $ 13.4 million , respectively . Q2 2020 also includes a $ 0.6 million expense related to the sale of AMS Chino . Year - to - date 2021 and 2020 net earnings include rightsizing and other costs of $ 11.3 million and $ 19.6 million , respectively . Year - to - date 2020 also includes a $ 4.4 million non - cash gain on the sale of AMS Chino . ² Q2 2021 and 2020 adjusted net earnings exclude after tax acquisition - related amortization costs of $ 26.6 million and $ 25.7 million , respectively , and rightsizing and other costs of $ 8.2 million and $ 13.4 million , respectively . Q2 2020 also excludes a $ 0.6 million expense related to the sale of AMS Chino . Year - to - date 2021 and 2020 adjusted net earnings exclude acquisition - related amortization costs of $ 53.4 million and $ 51.3 million , respectively , and rightsizing and other costs of $ 11.3 million and $ 19.6 million , respectively . Year - to - date 2020 also excludes a $ 4.4 million non - cash gain on the sale of AMS Chino . For the quarter ended June 30 , 2021 , Dover generated revenue of $ 2.0 billion , an increase of 36 % ( + 30 % organic ) compared to the second quarter of the prior year . GAAP net earnings of $ 265 million increased 112 % , and GAAP diluted EPS of $ 1.82 was also up 112 % . On an adjusted basis , net earnings of $ 299 million increased 82 % and adjusted diluted EPS of $ 2.06 was also up 82 % versus the comparable quarter of the prior year . For the six months ended June 30 , 2021 , Dover generated revenue of $ 3.9 billion , an increase of 24 % ( + 19 % organic ) compared to the first six months of the prior year . GAAP net earnings of $ 497 million increased by 65 % , and GAAP diluted EPS of $ 3.43 was up 66 % year - over - year . On an adjusted basis , net earnings of $ 562 million increased 53 % , and adjusted diluted EPS of $ 3.87 was also up 53 % versus the comparable period of the prior year . A full reconciliation between GAAP and adjusted measures and definitions of non - GAAP and other performance measures are included as an exhibit herein . Dover's President and Chief Executive Officer , Richard J. Tobin , said , “ We performed well again this quarter as new order activity remained strong and margin improvement continued its solid trajectory across all segments . Our portfolio is performing above pre pandemic levels in terms of revenue and margin , and our record - high backlog provides visibility into the second half of the year , and in some of our businesses into 2022 . " During the quarter we saw top - line growth across all of our segments , with the largest contributions to the year - over - year increase from pumps and process solutions , fueling solutions , food retail , marking & coding and automotive aftermarket