Dover Corporation DOV reported fourth-quarter 2021 adjusted earnings per share (EPS) from continuing operations of $1.78, beating the Zacks Consensus Estimate of $1.66. The bottom line increased 15% year over year on the back of higher revenues and an improved mix of products and services.On a reported basis, Dover delivered EPS of $2.49 in the quarter, surging 99% year over year.Total revenues in the fourth quarter increased 12% year over year to $1,989 million. The top line surpassed the Zacks Consensus Estimate of $1,907 million.Costs and MarginsCost of sales rose 12% year over year to $1,268 million in the reported quarter. Gross profit increased 11% year over year to $721 million. The gross margin was 36.2% compared with the year-ago quarter’s 36.5%.Selling, general and administrative expenses rose 8% to $439 million from the prior-year quarter’s figure. Adjusted operating profit increased 15% year over year to $352 million. Adjusted operating margin was 18% in the quarter compared with the prior-year quarter’s 17%.Dover Corporation Price, Consensus and EPS Surprise Dover Corporation price-consensus-eps-surprise-chart | Dover Corporation Quote Segmental PerformanceThe Engineered Products segment’s revenues were up 17.5% year over year to $463 million in the quarter. The segment’s adjusted operating income dropped 5% year over year to $58 million.The Clean Energy & Fueling segment’s revenues came in at $411 million compared with the prior-year quarter’s $409 million. The segment’s adjusted operating income was $61 million, down 15.5% year over year.The Imaging & Identification segment’s revenues moved up 1.6% year over year to $292 million. The segment’s adjusted operating income rose 3.6% year over year to $60 million.The Pumps & Process Solutions segment’s revenues rallied 29% year over year to $447 million in the fourth quarter. The adjusted operating income in the segment totaled $142 million compared with the year-ago quarter’s $85 million.The Climate & Sustainability Technologies segment’s revenues increased to $376 million from $342 million reported in the year-earlier quarter. The segment’s adjusted operating income totaled $30 million compared with $28 million in fourth-quarter 2020.Bookings and BacklogDover’s bookings at the end of the fourth quarter were worth $2.38 billion compared with the prior-year quarter’s $1.94 billion. Backlog surged 88% year over year to $3.24 billion at the end of the reported quarter.Financial PositionThe company generated free cash flow of $277 million in the fourth quarter compared with $376 million in the year-ago quarter. Cash flow from operations amounted to $327 million in the quarter under review compared with the prior-year quarter’s $418 million.Dover completed three bolt-on acquisitions in the Clean Energy & Fueling segment for a total consideration of $945.9 million during the fourth quarter.2021 PerformanceDover reported an adjusted EPS of $7.63 in 2021 compared with $5.67 reported in the prior year. Earnings beat the Zacks Consensus Estimate of $7.51. Including one-time items, the bottom line came in at $7.74, up 65% from $4.70 reported in 2020.Sales were up 18% year over year to $7.9 billion from the prior-year figure of $6.7 billion. The top line surpassed the Zacks Consensus Estimate of $7.8 billion.OutlookDover anticipates adjusted EPS between $8.45 and $8.65 for 2022. It expects organic revenue growth of 7-9% for the year.Price PerformanceDover’s shares have gained 45.8% in the past year compared with the industry’s growth of 3.7%.Image Source: Zacks Investment ResearchZacks Rank and Stocks to ConsiderDover currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the Industrial Products sector are Berry Global Group, Inc. BERY, AGCO Corporation AGCO and Sealed Air Corporation SEE, each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Berry Global Group has an estimated earnings growth rate of around 2.9% for fiscal 2022. In the past 60 days, the Zacks Consensus Estimate for fiscal 2022 earnings has been revised 2.5% upward.In a year, BERY has increased 33.6%. Berry Global Group has a trailing four-quarter earnings surprise of 16.5%, on average.AGCO Corporation has an expected earnings growth rate of 16.4% for 2022. The Zacks Consensus Estimate for current-year earnings has moved 1.2% north in the past 60 days.AGCO Corporation’s shares have gained 6.8% in the past year. AGCO has a trailing four-quarter earnings surprise of 47.5%, on average.Sealed Air has a projected earnings growth rate of 16.8% for the current year. The Zacks Consensus Estimate for 2022 earnings has moved 0.9% north in the past 60 days.SEE’s shares have soared 53.2% in a year. Sealed Air has a trailing four-quarter earnings surprise of 6.5%, on average.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Dover Corporation (DOV): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Sealed Air Corporation (SEE): Free Stock Analysis Report Berry Global Group, Inc. (BERY): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research