Dover Corporation announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company's revenue was $1,777.96 million compared with $1,694.6 million a year ago. The increase in the quarter was driven by acquisition growth of 11%, offset by an organic revenue decline of 2%, a 3% impact from dispositions, and an unfavorable impact from foreign exchange of 1%. Operating earnings were $164.1 million compared with $199.4 million a year ago. Earnings before provision for income taxes and discontinued operations was $216.0 million compared with $169.5 million a year ago. Earnings from continuing operations was $161.2 million or $1.03 per diluted share compared with $136.6 million or $0.87 per diluted share a year ago. Net earnings was $161.2 million or $1.03 per diluted share compared with $141.8 million or $0.91 per diluted share a year ago. Adjusted earnings from continuing operations was $110.7 million or $0.71 per diluted share compared with $127.2 million or $0.81 per diluted share a year ago. As on December 31, 2016, the company's net debt was $3,272.0 million. Net cash provided by operating activities of continuing operations was $289.0 million compared with $316.6 million a year ago.

For the year, the company's revenue was $6,794.3 million compared with $6,956.3 million a year ago. Operating earnings were $714.4 million compared with $920.8 million a year ago. Earnings before provision for income taxes and discontinued operations was $689.3 million compared with $800.6 million a year ago. Earnings from continuing operations was $508.9 million or $3.25 per diluted share compared with $595.9 million or $3.74 per diluted share a year ago. Net earnings was $508.9 million or $3.25 per diluted share compared with $869.8 million or $5.46 per diluted share a year ago. Adjusted earnings from continuing operations was $441.4 million or $2.82 per diluted share compared with $578.4 million or $3.63 per diluted share a year ago. Net cash provided by operating activities of continuing operations was $861.98 million compared with $949.1 million a year ago. Additions to property, plant and equipment was $165.2 million compared with $154.3 million a year ago.

The company confirmed its guidance for full year 2017 diluted earnings per share from continuing operations to be in the range of $3.40 to $3.60. Within this guidance, revenue growth is expected to be 10% to 12%, including organic growth of 3% to 5% and acquisition growth of approximately 10%, partially offset by a 1% impact from dispositions and a 2% headwind from FX.