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Dover Corporation

DOV · Industrials

Last earnings Oct 22, 2026

Key results

GAAP revenuequarter

5 %

GAAP Revenue $ 2,078 $ 1,984 5 % $ 5,993 $ 5,816 3 % Earnings from continuing operations 303 313 (3) % 823 1,162 (29) % Diluted EPS from continuing operations 2.20 2.26 (3) % 5.96 8.37 (29) % Non-GAAP Organic revenue change 1 % 1 % Adjusted earnings from continuing operations 1 361 314 15 % 981 846 16 % Adjusted diluted EPS from continuing operations 2.62 2.27 15 % 7.10 6.09 17 % 1 Q3 and year-to-date 2025 and 2024 adjusted earnings from continuing operations exclude after-tax purchase accounting expenses, restructuring and other costs, and (gain) loss on dispositions.

SEC original ↗Dover Corporation — Earnings release (8-K exhibit)EX-99Oct 23, 2025

Revenuequarter

$2.1 billion

For the quarter ended September 30, 2025, Dover generated revenue of $2.1 billion, an increase of 5% (+1% organic).

SEC original ↗Dover Corporation — Earnings release (8-K exhibit)EX-99Oct 23, 2025

GAAP EPSquarter

$2.20

GAAP earnings from continuing operations of $303 million decreased 3%, and GAAP diluted EPS from continuing operations of $2.20 was down 3%.

SEC original ↗Dover Corporation — Earnings release (8-K exhibit)EX-99Oct 23, 2025

Adjusted EPSquarter

$2.62

On an adjusted basis, earnings from continuing operations of $361 million were up 15% and adjusted diluted EPS from continuing operations of $2.62 was up 15%.

SEC original ↗Dover Corporation — Earnings release (8-K exhibit)EX-99Oct 23, 2025

Revenueytd

$6.0 billion

For the nine months ended September 30, 2025, Dover generated revenue of $6.0 billion, an increase of 3% (+1% organic).

SEC original ↗Dover Corporation — Earnings release (8-K exhibit)EX-99Oct 23, 2025

GAAP earnings from continuing operations of $823 million decreased by 29%, and GAAP diluted EPS from continuing operations of $5.96 was down 29%, both principally due to the gain on the disposition of De-Sta-Co in the comparable period of the prior year.

SEC original ↗Dover Corporation — Earnings release (8-K exhibit)EX-99Oct 23, 2025

On an adjusted basis, earnings from continuing operations of $981 million increased 16%, and adjusted diluted EPS from continuing operations of $7.10 was up 17%.

SEC original ↗Dover Corporation — Earnings release (8-K exhibit)EX-99Oct 23, 2025

ABOUT DOVER Dover is a diversified global manufacturer and solutions provider with annual revenue of over $7 billion.

SEC original ↗Dover Corporation — Earnings release (8-K exhibit)EX-99Oct 23, 2025

AI analysis

Q3 2025 · reported Oct 23, 2025

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Revenue · Q3 2025
$2.1B
EX-99 · Oct 23, 2025
GAAP EPS · Q3 2025
$2.20
EX-99 · Oct 23, 2025
Adjusted EPS · Q3 2025
$2.62
EX-99 · Oct 23, 2025

Headline figures

MetricQ3 2025Prior qtrYear ago
GAAP revenue5 %——
Revenue$2.1 billion——
GAAP EPS$2.20——
Adjusted EPS$2.62——

EX-99 · Oct 23, 2025

Guidance · company-stated

Direction: Raised

EPS

“As a result, we are increasing our full year adjusted EPS guidance from $9.35-$9.55 to $9.50-$9.60.”

Classified from the release's primary full-year outlook statement.

Next earningsNo verified date on fileNo date is estimated or imported

Capital allocation

Free cash flow represents net cash provided by operating activities minus capital expenditures.

Management believes that free cash flow and free cash flow ratios are important measures of liquidity because they provide management and investors a measurement of cash generated from operations that is available for mandatory payment obligations and investment opportunities, such as funding acquisitions, paying dividends, repaying debt and repurchasing our common stock.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

GAAP earnings from continuing operations of $303 million decreased 3%, and GAAP diluted EPS from continuing operations of $2.20 was down 3%

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Guidance & outlook

Direction: Raised

EPS: “As a result, we are increasing our full year adjusted EPS guidance from $9.35-$9.55 to $9.50-$9.60.”

EPS — Raised (“increasing”)
“As a result, we are increasing our full year adjusted EPS guidance from $9.35-$9.55 to $9.50-$9.60.”

Classified from the release's primary full-year outlook statement.

Capital allocation

Free cash flow represents net cash provided by operating activities minus capital expenditures.

SEC original ↗Dover Corporation — Earnings release (8-K exhibit)EX-99Oct 23, 2025

Management believes that free cash flow and free cash flow ratios are important measures of liquidity because they provide management and investors a measurement of cash generated from operations that is available for mandatory payment obligations and investment opportunities, such as funding acquisitions, paying dividends, repaying debt and repurchasing our common stock.

SEC original ↗Dover Corporation — Earnings release (8-K exhibit)EX-99Oct 23, 2025

Total unamortized debt discounts on total long-term debt were $ 7.0 million and $ 8.6 million as of September 30, 2026 and December 31, 2025, respectively.

SEC original ↗Dover Corporation — 10-Q Quarterly report10-QOct 22, 2026

Total deferred debt issuance costs on total long-term debt were $ 8.1 million and $ 9.7 million as of September 30, 2026 and December 31, 2025, respectively.

SEC original ↗Dover Corporation — 10-Q Quarterly report10-QOct 22, 2026

The deferred issuance costs are amortized on a straight-line basis over the life of the debt, as this approximates the effective interest method.

SEC original ↗Dover Corporation — 10-Q Quarterly report10-QOct 22, 2026

On April 2, 2026, the Company entered into a new $ 1.5 billion five-year unsecured revolving credit facility (the "Credit Agreement") with a syndicate of banks.

SEC original ↗Dover Corporation — 10-Q Quarterly report10-QOct 22, 2026

Strategy & priorities

This year we have increased our investments in high-ROI capital projects focused on productivity and capacity expansions as well as targeted footprint optimization.

SEC original ↗Dover Corporation — Earnings release (8-K exhibit)EX-99Oct 23, 2025

Our balance sheet strength remains an advantage that provides flexibility and attractive optionality as we pursue value-creating bolt-on acquisitions and opportunistic capital return strategies.

SEC original ↗Dover Corporation — Earnings release (8-K exhibit)EX-99Oct 23, 2025

On August 1, 2025, the Company acquired 100 % of the equity interest in Site IQ LLC ("SIQ"), an industrial internet of things company with a focus on remote monitoring of fueling sites, for total consideration of $ 11,379 , net of cash acquired and inclusive of contingent consideration and measurement period adjustments.

SEC original ↗Dover Corporation — 10-Q Quarterly report10-QOct 22, 2026

The ESG sale qualifies for discontinued operations reporting because its disposal represented a strategic shift with a major effect on the Company's operations and financial results.

SEC original ↗Dover Corporation — 10-Q Quarterly report10-QOct 22, 2026

The Company's businesses are structured around similar business models, go-to market strategies, manufacturing practices and product categories which increases management efficiency and better aligns Dover's operations with its strategic initiatives and capital allocation priorities, and provides greater transparency about performance.

SEC original ↗Dover Corporation — 10-Q Quarterly report10-QOct 22, 2026

Risks & headwinds

These gains more than offset near-term headwinds in two capital goods-exposed end markets, vehicle aftermarket and refrigerated door cases, each of which we expect to improve through the balance of the year.

SEC original ↗Dover Corporation — Earnings release (8-K exhibit)EX-99Oct 23, 2025

Despite some macroeconomic uncertainty, underlying end market demand is healthy across much of the portfolio and is supported by our sustained order growth.

SEC original ↗Dover Corporation — Earnings release (8-K exhibit)EX-99Oct 23, 2025

Forward-looking statements are subject to numerous important risks, uncertainties, assumptions and other factors, some of which are beyond the Company's control.

SEC original ↗Dover Corporation — Earnings release (8-K exhibit)EX-99Oct 23, 2025

For details on the risks and uncertainties that could cause our results to differ materially from the forward-looking statements contained herein, we refer you to the documents we file with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2024, and our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

SEC original ↗Dover Corporation — Earnings release (8-K exhibit)EX-99Oct 23, 2025

Legal Proceedings 44 Item 1A.

SEC original ↗Dover Corporation — 10-Q Quarterly report10-QOct 22, 2026

In June 2025, a jury returned a verdict against the ESG business for approximately $ 58.9 million in connection with litigation involving alleged breach of contract and inducement of breach of fiduciary duty claims arising from certain product development efforts.

SEC original ↗Dover Corporation — 10-Q Quarterly report10-QOct 22, 2026

Documents

Earnings deck slides

0 decks with slide view

Dover Corporation — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors

Competitors & peers

Named in the company’s own filings

Snap-on (SNA)“A summary of our key competitors within each of our segments follows: Segment Key Competitors Engineered Products Snap-On Inc.”Snap Inc. (SNAP)“A summary of our key competitors within each of our segments follows: Segment Key Competitors Engineered Products Snap-On Inc.”

Filings

60 documents

Earnings releases

18 documents

Presentations

1 document

Transcripts

0 documents

No transcripts for Dover Corporation are held in this edition of the library.

Mentioned by

4 companies

Other tracked companies whose held documents mention Dover Corporation by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.