Dover changes segment earnings definition; recasts historical data for 2019-2021 and Q1 2022

DOVER Corp

Segment earnings now excludes purchase accounting, restructuring, gain/loss on dispositions, corporate expense, interest, and taxes.
Previously used EBIT (earnings before corporate expense, interest, and taxes); change is to better assess operating results.
Annual recast segment earnings provided for FY 2019 ($1,324M), FY 2020 ($1,254M), FY 2021 ($1,633M), and Q1 2022 ($403M).
Consolidated net earnings and financial statements for prior periods are not revised.
Change effective for three-month period ended June 30, 2022; no impact on prior reported results.

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