DOWNERS GROVE, IL – Dover’s second-quarter net income fell 14% on slowdowns in Europe and for printed circuit board processing equipment.

For the period ended June 30, Dover reported net profit of $214.1 million, down from $249.8 million in 2011. Revenue rose 8.1% to $2.16 billion.

The communication unit's profit was down 8% to $50 million compared to the same period last year. Revenue from communications technology rose 25% to $362 million.

Revenue for the first six months of 2012 was $4.2 billion, up 11% over the prior-year period. Earnings from continuing operations for the six months ended June 30 were $409.7 million, down 1% year-over-year. Net earnings for first six months were $410.2 million, down 7.8% year-over-year.

The firm expects better results during the second half, as it expects higher demand for handsets, refrigeration equipment and energy.

Dover is the parent company of Everett-Charles Technologies, DEK, OK International and other leading suppliers to the printed circuit board assembly and semiconductor test markets.

• Prev
• Next