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DOVER Investor Contacts : Andrey Galiuk Vice President - Corporate Development and Investor Relations ( 630 ) 743-5131 agaliuk@dovercorp.com Jack Dickens Director - Corporate Development and Investor Relations ( 630 ) 743-2566 jdickens@dovercorp.com Media Contact : Adrian Sakowicz Vice President - Communications ( 630 ) 743-5039 asakowicz@dovercorp.com DOVER REPORTS THIRD QUARTER 2021 RESULTS ; RAISES FULL YEAR GUIDANCE Dover ( NYSE : DOV ) , a diversified global manufacturer , announced its financial DOWNERS GROVE , III . , October 19 , 2021 results for the third quarter ended September 30 , 2021 . ( $ in millions , except per share data ) U.S. GAAP Revenue Net earnings Diluted EPS 1 Non - GAAP Organic revenue change Adjusted net earnings 2 Adjusted diluted EPS Three Months Ended September 30 , Nine Months Ended September 30 , 2021 2020 % Change 2021 2020 % Change $ 2,018 $ 1,748 15 % $ 5,918 $ 4,903 21 % 264 200 32 % 761 501 52 % 1.81 1.38 31 % 5.24 3.45 52 % 13 % 17 % 288 232 24 % 850 599 42 % 1.98 1.60 24 % 5.86 4.12 42 % 1 Q3 2021 and 2020 net earnings include rightsizing and other ( benefits ) costs of $ ( 2.3 ) million and $ 4.5 million , respectively . Q3 2020 also includes a $ 0.4 million expense related to the sale of AMS Chino . Year - to - date 2021 and 2020 net earnings include rightsizing and other costs of $ 9.0 million and $ 24.1 million , respectively . Year - to - date 2020 also includes a $ 3.9 million non - cash gain on the sale of AMS Chino . 2 Q3 2021 and 2020 adjusted net earnings exclude after tax acquisition - related amortization costs of $ 26.9 million and $ 26.5 million , respectively , and rightsizing and other ( benefits ) costs of $ ( 2.3 ) million and $ 4.5 million , respectively . Q3 2020 also excludes a $ 0.4 million expense related to the sale of AMS Chino . Year - to - date 2021 and 2020 adjusted net earnings exclude acquisition - related amortization costs of $ 80.3 million and $ 77.8 million , respectively , and rightsizing and other costs of $ 9.0 million and $ 24.1 million , respectively . Year - to - date 2020 also excludes a $ 3.9 million non - cash gain on the sale of AMS Chino . For the quarter ended September 30 , 2021 , Dover generated revenue of $ 2.0 billion , an increase of 15 % ( + 13 % organic ) compared to the third quarter of the prior year . GAAP net earnings of $ 264 million increased 32 % , and GAAP diluted EPS of $ 1.81 was up 31 % . On an adjusted basis , net earnings of $ 288 million increased 24 % and adjusted diluted EPS of $ 1.98 was also up 24 % versus the comparable quarter of the prior year . For the nine months ended September 30 , 2021 , Dover generated revenue of $ 5.9 billion , an increase of 21 % ( + 17 % organic ) compared to the first nine months of the prior year . GAAP net earnings of $ 761 million increased 52 % , and GAAP diluted EPS of $ 5.24 was also up 52 % year - over - year . On an adjusted basis , net earnings of $ 850 million increased 42 % , and adjusted diluted EPS of $ 5.86 was also up 42 % 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 .