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Dover Corporation is rated a Buy after a strong Q2, despite a minor revenue miss and share price drop. Gross and operating margins expanded, with LTM bookings accelerating to 15% YoY and diversified end-market exposure—especially in data centers and AI-related segments. Capital allocation in the Climate & Sustainability segment raises questions, but overall ROE and margin improvements support the bullish thesis.

3 Dividend Growth Stocks With 6% to 8% YieldsDover NYSE: DOV executives said the company delivered broad-based growth in the second quarter, with orders strengthening across all five business segments and management raising its full-year outlook for organic revenue growth and adjusted earnings per share.

CEO and President Rich Tobin said revenue rose 7% overall and 5% organically, with each of Dover’s five segments posting positive organic growth. Adjusted EBITDA margin expanded 80 basis points to 25.9%, while adjusted earnings per share rose 12% year over year to $2.74.

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3 Dividend Kings Poised to Outperform the Market“We delivered another strong quarter with results that reflect the breadth of demand across the portfolio,” Tobin said. He added that Dover’s top-line performance continued to be led by markets tied to secular growth trends, which he said now represent about 25% of the portfolio.

Bookings were a major focus of the call. Orders increased 16% year over year, and the company reported a book-to-bill ratio of 1.06. Tobin said the order momentum extended recent trends and improved visibility into the second half of the year.

Segment Performance Shows Broad Growth These 5 Dividend Aristocrats are Quality Stocks for AI InvestingDover reported organic growth in all five of its segments, with several businesses benefiting from demand tied to energy infrastructure, data centers, aerospace and biopharma.

Engineered Products grew 2% organically, driven by aerospace and defense components, fluid dispensing and industrial winches, along with stabilization in the North American vehicle aftermarket. Segment margins expanded 100 basis points. Clean Energy & Fueling grew 9% organically, supported by clean energy components and retail fueling equipment and software. Tobin cited momentum in cryogenic components used in LNG and space launch infrastructure. Segment margin expanded 170 basis points. Imaging & Identification grew 3% organically, with growth in marking and coding equipment, consumables, spare parts and serialization software. Margins expanded 150 basis points. Pumps & Process Solutions grew slightly, with strength in AI and energy infrastructure components, single-use biopharma and industrial pumps. Segment margin expanded 170 basis points to 35%. Climate & Sustainability Technologies grew 8% organically, helped by strong heat exchanger demand tied to liquid cooling for data centers and a recovery in European residential heat pumps. Tobin said the heat exchangers business delivered its “best quarter ever,” with particularly strong demand tied to liquid cooling for data centers. He said Dover is working to double capacity for those products over the next 12 months.

Refrigeration Output Issues Weighed on Results Despite overall growth in Climate & Sustainability Technologies, Tobin said Dover had a difficult quarter in refrigeration. Demand was strong across product lines, particularly CO2 systems, but the company struggled to raise output while consolidating facilities and ramping labor.

“We frankly did not expect to fall short on our production throughput targets,” Tobin said. “That’s on me, and it cost us on the top line in the quarter probably a point to a point and a half of organic growth.”

In response to a question from Vertical Research analyst Jeff Sprague, Tobin clarified that the impact was on a consolidated Dover basis. He said the company had been late on some deliveries but was not aware of any market share loss. He added that Dover had “all hands on deck” to catch up in the third and fourth quarters.

Tobin said the facility consolidation project is about three-quarters complete and that management expects throughput to improve sequentially over the balance of the year. He also said profitability in the second half should be “materially different” from the first half as output rises and redundant costs are reduced.

Cash Flow and Guidance CFO Chris Woenker said year-to-date free cash flow was $320 million, or 8% of revenue, up 23% from the prior year. He said the improvement was driven mainly by operating cash conversion on higher earnings, partly offset by working capital investments tied to faster revenue growth.

Woenker said Dover expects cash flow generation to accelerate meaningfully in the second half due to seasonal working capital liquidation. The company maintained its full-year capital expenditure estimate of $190 million to $210 million and free cash flow guidance of 14% to 16% of revenue.

Tobin said Dover raised its full-year adjusted EPS guidance and organic growth outlook based on first-half performance, momentum in end markets and visibility into the second half. He did not provide quarterly guidance when asked about third-quarter trends.

Secular Growth Markets Drive Order Momentum Tobin highlighted several markets supporting Dover’s growth, including natural gas and LNG infrastructure, data centers, CO2 refrigeration, semiconductors and electronics manufacturing, biopharma, medical applications and space-related infrastructure.

He said Dover participates in the natural gas ecosystem through cryogenic components such as valves and vacuum-jacketed piping for LNG infrastructure, as well as precision components for compressors, engines, steam turbines and gas turbines. He also said OEM lead times in some of those areas now extend for years.

In data centers, Tobin said increasing thermal requirements for new chips are driving a shift toward liquid cooling, benefiting Dover’s connector and heat exchanger businesses. He said customers are securing capacity well ahead of need in that market.

In CO2 refrigeration, Tobin said industry adoption is no longer driven only by regulation but by economics and total cost of ownership versus legacy refrigerants. Responding to Melius Research analyst Scott Davis, he said the absence of a time-based mandate is “actually better” for Dover because adoption can occur over a multi-year period.

Tobin also said Dover expects to generate $50 million in revenue tied to space this year, supported by cryogenic components for launch infrastructure and radio frequency products for satellites.

M&A Market Improving Tobin said industrial M&A markets have improved, with more assets coming to market than in recent years. He said Dover has “a number of interesting opportunities” in attractive end markets and is keeping financial flexibility to evaluate potential deals.

In response to Citigroup analyst Andy Kaplowitz, Tobin said Dover would pursue acquisitions if it can create value at appropriate prices. If not, he said the company would consider returning capital to shareholders rather than building excess cash.

“We are staying disciplined in our operations, investing behind platforms where returns are most compelling, and maintaining balance sheet flexibility to play offense on capital deployment,” Tobin said.

About Dover (NYSE:DOV)Dover Corporation is a diversified global manufacturer of industrial products, components and specialty systems that serve a wide range of commercial and industrial end markets. Headquartered in Downers Grove, Illinois, the company has built a portfolio of operating businesses that design, manufacture and distribute engineered equipment, aftermarket parts and related services for customers around the world.

Dover's activities span several product and solution categories, including fluid-handling and pumping systems, material handling and processing equipment, refrigeration and foodservice technologies, product identification and printing systems, precision components and automation and sensing solutions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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23.7.2026 19:01

Index Dow Jones -0,92 % na 51739,82 b. S&P 500 -1,19 % na 7409,52 b. Nasdaq Composite -2,1 % na 25151,85 b.

Index Dow Jones odepisuje téměř procento pří výprodeji technologických společností. Mimo Alphabet klesá i Amazon (- 4,1 %) a Salesforce ( -3,5 %). Z indexu S&P 500 se mimo komunikační služby nedaří zbytné spotřebě, kde reportovala výsledky společnost Tesla (- 14 %).

Thermo Fisher Scientific (8,2 %) roste po kvartálním reportu. Mimo dobré čísla management uvedl, že společnost cítí oživení poptávky ve všech hlavních segmentech. Nejedná se přitom o pouhé doplňování zásob, ale i dodávání analytických přístrojů, jelikož divize Analytical Instruments vzrostla o 15 %. Tržby za minulý kvartál dosahují USD 11,99 mld. a společně se ziskem na akcii USD 6,03 překonávají očekávání trhu. Společnost rovněž navyšuje odhad celoročního zisku na akcii na horní hranu USD 25,33.

Smíšený pocit z kvartálních výsledků mají investoři Freeport-McMoRan (- 2,6 %). Společnost sice dosáhla na lepší ziskovost, než bylo očekávání a reportovala EPS ve výši USD 0,74. Meziroční nárůst prodejní ceny mědi dosáhl 40 %. Vyšší prodejní ceny tak kompenzují nižší objemy produkce, které u zlata dosahují 40 % a u mědi 18 %. Management snížil výhled prodeje v dalším kvartále kvůli pomalému obnovování těžby v indonéském dole, který by měl dosáhnout plnou kapacitu až v příštím roce.

Lockheed Martin (10 %) reportoval silné výsledky za uplynulý kvartál. Růst tržeb dosáhl 11 % na mld. 20,1 USD a zisk na akcii překonal na úrovni USD 7,94 očekávání. Management současně navýšil celoroční výhled a tržby posadil mezi USD 79,75 – 81,75 mld. při zisku na akcii 29,95 – 30,65. Nevyřízené zakázky dosahují historické maximum společnosti USD 230 mld.

Po včerejším uzavření trhu reportovala výsledky i společnost Texas Instruments (- 4,4 %). Růst tržeb meziročně dosáhl na 23 % a nad konsenzus se dostal i zisk na akcii ve výši USD 2,14. Management v dalším kvartálu očekává jeho další růst na USD 2,23 – 2,57. Provozní výsledky a výhled byl slušný, ale trh nadále vyrušuje výše capex investic, které omezuje volné cash flow.

Výsledky dále zveřejnila i IBM (- 0,5 %) a společnost Alphabet (- 6,6 %).

SK Hynix (4,9 %) stanovuje limit na celkový počet vydaných ADR, které se obchodují v USA na 2,5 % všech akcií společnosti.

Uber Technologies (- 2,15 %) propustil 10 % zaměstnanců v divizi Community Operations, která se stará o zákaznickou a řidičskou podporu. Společnost dříve propustila přibližně 23 % zaměstnanců HR. K zefektivnění provozu ji pomáhá umělá inteligence.

Blízký východ je nadále velmi turbulentní. Futures na ropu Brent jsou opět nad USD 100 při téměř 7 % růstu. WTI se obchoduje nad USD 92. Hútíové oznámili, že zaútočili na dva saúdské tankery v Rudém moři. Posilují ropné společnosti. Exxon připisuje 1,87 % a Chevron roste o 1,5 %.

Index S&P 500 -1,19 % na 7409,52 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Průmysl +1,8 % Zbytná spotřeba -4,9 % Energie +1 % Komunikační služby -4,8 % Zdravotní péče +0,8 % Nezbytná spotřeba -1,4 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Allegion (ALLE) +13 % Tesla (TSLA) -14 % United Rentals (URI) +12 % Rollins (ROL) -9,3 % Lockheed Martin Corp (LMT) +10 % Dover Corp (DOV) -7,7 % Thermo Fisher Scientific (TMO) +8,2 % Globe Life (GL) -7,7 % RTX Corp (RTX) +7,2 % T-Mobile US (TMUS) -6,8 %
Marek Kameništiak
Fio banka, a.s.
Prohlášení

Key Takeaways Dover's Q2 earnings topped estimates as revenue growth and margin gains offset input-cost inflation.Bookings jumped 16% across all five segments, lifting second-half visibility and confidence in the outlook.Dover raised its 2026 adjusted EPS guidance to $10.55-$10.75 on improving end-market demand. Dover Corporation (DOV - Free Report) reported second-quarter 2026 adjusted earnings of $2.74 per share, up 12% year over year and beating the Zacks Consensus Estimate of $2.72. The improvement reflected broad-based revenue growth, stronger segmental margins and operational execution that more than offset input-cost inflation.

On a reported basis, Dover delivered earnings of $2.31 per share in the quarter, up 14% year over year.

Revenues rose 7% year over year to $2.19 billion but missed the consensus estimate of $2.21 billion. Organic revenues increased 4.8% in the quarter. Our model expected organic revenues to rise 5.7%.

DOV's Margins Expand on Operating ExecutionCost of sales increased 6.3% year over year to $1.31 billion. Gross profit rose 7.6% to $881 million, while the gross margin improved to 40.2% from 39.9% in the prior-year quarter.

Selling, general and administrative expenses increased 5.4% to $488.8 million. Total adjusted segment EBITDA advanced 10.3% to $567 million, and the related margin expanded 80 basis points to 25.9%.

Dover’s Q2 Segmental PerformancesThe Engineered Products segment’s revenues increased 2.7% year over year to $283 million in the quarter. The reported figure came in line with our estimate. The segment’s adjusted EBITDA rose 7.8% to $63.2 million from $58.7 million in the year-ago quarter. Demand was strong in aerospace and defense components, fluid dispensing and industrial winches, with stabilization in the North American vehicle aftermarket. The figure met our estimate.

The Clean Energy & Fueling segment’s revenues climbed 8.9% year over year to $595 million, led by clean energy components and retail fueling. The figure beat our estimate of $591 million. The segment’s adjusted EBITDA increased 17.9% to $137.7 million on volume leverage, operational execution and acquisition integration benefits. The figure beat our estimate of $131.5 million.

The Imaging & Identification segment’s revenues moved up 4.5% year over year to $305 million. The reported figure missed our projection of $307 million. The segment’s adjusted EBITDA was $89.3 million, up 10.1% from the year-ago quarter’s $81.2 million. The figure missed our estimate of $82 million. Growth came from serialization software, core marking and coding equipment, consumables and spare parts.

The Pumps & Process Solutions segment’s revenues rose 6.2% year over year to $552.7 million in the second quarter but missed our estimate of $558 million. The segment’s adjusted EBITDA totaled $192.9 million, up 11.7% from $172.6 million in the prior-year quarter. The reported figure was lower than our projection of $193 million. AI and energy infrastructure, single-use biopharma and industrial pumps supported the top line, while a richer mix of biopharma shipments aided profitability.

The Climate & Sustainability Technologies segment’s revenues grew 9.4% year over year to $455.1 million from $416.2 million. Robust shipments of carbon dioxide refrigeration systems and global heat exchangers drove the gain. We had predicted revenues of $459 million for this segment. The segment’s adjusted EBITDA totaled $83.8 million compared with $84.9 million in the year-earlier quarter, marking a decline of 1.2%. The figure lagged our estimate of $103 million.

DOV's Bookings Signal Strong DemandDover’s bookings in the second quarter were worth $2.33 billion, growing 16% from $2.01 billion in the prior-year quarter. Bookings rose across all five segments, strengthening second-half visibility and supporting management's confidence in the outlook. Total bookings were higher than our estimate of $2.26 billion. The book-to-bill ratio came in at 1.06.

Dover's Cash Flow Improves in Q2Cash flow from operating activities rose to $236 million from $212 million in the year-ago quarter. Capital expenditure declined to $47.8 million from $60.9 million.

The free cash flow increased 24.4% to $188.4 million. It represented 8.6% of revenues and 50.7% of adjusted earnings from continuing operations. For the first six months, the free cash flow totaled $319.6 million, up from $260.7 million.

DOV Raises 2026 Earnings GuidanceBacked by the ongoing improvement in end-market demand, Dover raised its 2026 adjusted earnings guidance to $10.55-$10.75 per share from the previously mentioned $10.45 to $10.65.

Full-year revenue growth is projected at 6-8%, including organic growth of 4-6%. The company also expects the free cash flow to be 14-16% of revenues and capital expenditure to be $190-$210 million.

Dover Stock’s Price PerformanceThe company’s shares have gained 16.2% in the past year compared with the industry’s growth of 5.1%.

Image Source: Zacks Investment Research

DOV’s Zacks RankDover currently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Dover’s Peer PerformanceGraco Inc.’s (GGG - Free Report) second-quarter 2026 adjusted earnings of 91 cents per share beat the Zacks Consensus Estimate of 81 cents. The bottom line grew 22% year over year.

Graco’s revenues of $591 million missed the consensus estimate of $609 million. The top line increased 3.3% year over year.

2 Manufacturing Stocks Awaiting ResultsFlowserve Corporation (FLS - Free Report) is scheduled to release second-quarter 2026 results on June 29. The Zacks Consensus Estimate for FLS’s second-quarter 2026 earnings is pegged at 86 cents per share, suggesting a year-over-year dip of 5.5%

The Zacks Consensus Estimate for Flowserve Corp’s top line is pegged at $1.16 billion, indicating a decrease of 2.4% from the prior year’s actual. FLS has a trailing four-quarter average surprise of 12.7%.

Applied Industrial Technologies, Inc. (AIT - Free Report) is scheduled to release fourth-quarter fiscal 2026 results on Aug. 13. The Zacks Consensus Estimate for AIT’s fourth-quarter 2026 earnings is pegged at $2.91 per share, suggesting year-over-year growth of 3.9%.

The Zacks Consensus Estimate for Applied Industrial’s top line is pegged at $1.29 billion, indicating an increase of 5.6% from the prior year’s actual. AIT has a trailing four-quarter average surprise of 4%.

, /PRNewswire/ -- Dover (NYSE: DOV), a diversified global manufacturer, announced its financial results for the second quarter ended June 30, 2026. All comparisons are to the comparable period of the prior fiscal year, unless otherwise noted.

Three Months Ended June 30,

Six Months Ended June 30,

($ in millions, except per share data)*

2026

2025

% Change*

2026

2025

% Change*

U.S. GAAP

Revenue

$     2,190

$     2,050

7 %

$     4,244

$     3,916

8 %

Earnings from continuing operations 

313

280

12 %

551

519

6 %

Diluted EPS from continuing operations

2.31

2.03

14 %

4.06

3.76

8 %

Non-GAAP

Organic revenue change

5 %

5 %

Adjusted earnings from continuing operations 1

372

337

10 %

681

620

10 %

Adjusted diluted EPS from continuing operations

2.74

2.44

12 %

5.02

4.49

12 %

1

 Q2 and year-to-date 2026 and 2025 adjusted earnings from continuing operations exclude after-tax purchase accounting expenses, restructuring and other costs, and gain on dispositions.

*

Totals, change and per share data may be impacted by rounding.

For the quarter ended June 30, 2026, Dover generated revenue of $2.2 billion, an increase of 7% (+5% organic). GAAP earnings from continuing operations of $313 million increased by 12%, and GAAP diluted EPS from continuing operations of $2.31 was up 14%. On an adjusted basis, earnings from continuing operations of $372 million were up 10% and adjusted diluted EPS from continuing operations of $2.74 was up 12%.

For the six months ended June 30, 2026, Dover generated revenue of $4.2 billion, an increase of 8% (+5% organic). GAAP earnings from continuing operations of $551 million increased by 6%, and GAAP diluted EPS from continuing operations of $4.06 was up 8%. On an adjusted basis, earnings from continuing operations of $681 million were up 10% and adjusted diluted EPS from continuing operations of $5.02 was up 12%.

A full reconciliation between GAAP and adjusted measures and definitions of non-GAAP and other performance measures are included as an exhibit herein.

MANAGEMENT COMMENTARY:

Dover's President and Chief Executive Officer, Richard J. Tobin, said, "Dover delivered another strong quarter of double-digit earnings per share growth. Top-line performance was led by our secular-growth-exposed markets — which now account for approximately 25% of the total portfolio — and was complemented by broad-based, constructive trading conditions across the portfolio. Notably, all five segments delivered positive organic growth in the quarter, underscoring the breadth and durability of demand. Margin performance was solid, as continued operational execution on incremental volumes more than offset input cost inflation.

"Bookings outpaced shipments and grew double digits in the quarter, extending the streak of exceptional order rate momentum our businesses have posted over the past several quarters. The strength and breadth of our order book provide improved visibility to our second half outlook.

"Our balance sheet remains a competitive advantage, and we continue to invest capital behind our businesses. During the quarter, we advanced capacity-expansion projects to support growth and productivity investments to drive margins across the portfolio. Industrial M&A markets have improved this year, and our acquisition pipeline has a number of interesting opportunities in attractive end markets.

"As we look to the back half of the year, we are well positioned to drive continued value creation for our shareholders. The underlying strength of our order book, together with the flexibility of our business model and the optionality of our balance sheet, afford us the ability to respond dynamically to market conditions and quickly capitalize on opportunities as they arise. Accordingly, we are raising our full-year adjusted EPS guidance."

FULL YEAR 2026 GUIDANCE:

In 2026, Dover expects to generate GAAP EPS in the range of $8.94 to $9.14 (adjusted EPS of $10.55 to $10.75), based on full year revenue growth of 6% to 8% (organic growth of 4% to 6%).

CONFERENCE CALL INFORMATION:

Dover will host a webcast and conference call to discuss its second quarter results at 9:30 A.M. Eastern Time (8:30 A.M. Central Time) on Thursday, July 23, 2026. The webcast can be accessed on the Dover website at dovercorporation.com. The conference call will also be made available for replay on the website. Additional information on Dover's results and its operating segments can be found on the Company's website.

ABOUT DOVER:

Dover is a diversified global manufacturer and solutions provider with annual revenue of over $8 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions and Climate & Sustainability Technologies. Dover combines global scale with operational agility to lead the markets we serve. Recognized for our entrepreneurial approach for over 70 years, our team of approximately 24,000 employees takes an ownership mindset, collaborating with customers to redefine what's possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under "DOV."

FORWARD-LOOKING STATEMENTS:

This press release contains "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. All statements in this document other than statements of historical fact are statements that are, or could be deemed, "forward-looking" statements. Forward-looking statements are subject to numerous important risks, uncertainties, assumptions and other factors, some of which are beyond the Company's control. Factors that could cause actual results to differ materially from current expectations include, among other things, general economic conditions and conditions in the particular markets in which we operate; supply chain constraints and labor shortages that could result in production stoppages; inflation in material input costs and freight logistics; the impacts of natural or human-induced disasters, acts of war, terrorism, international conflicts, and public health crises or other future pandemics on the global economy and on our customers, suppliers, employees, business and cash flows; changes in customer demand and capital spending; competitive factors and pricing pressures; our ability to develop and launch new products in a cost-effective manner; changes in law, including the effect of tax laws and developments with respect to trade policy and tariffs; our ability to identify, consummate and successfully integrate and realize synergies from newly acquired businesses; acquisition valuation levels; the impact of interest rate and currency exchange rate fluctuations; capital allocation plans and changes in those plans, including with respect to dividends, share repurchases, investments in research and development, capital expenditures and acquisitions; our ability to effectively deploy capital resulting from dispositions; our ability to derive expected benefits from restructurings, productivity initiatives and other cost reduction actions; the impact of legal compliance risks and litigation, including with respect to product quality and safety, cybersecurity and privacy; and our ability to capture and protect intellectual property rights. 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, 2025, and our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. These documents are available from the Securities and Exchange Commission, and on our website, dovercorporation.com. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.

INVESTOR SUPPLEMENT - SECOND QUARTER 2026

DOVER CORPORATION

CONSOLIDATED STATEMENTS OF EARNINGS

(unaudited)(in thousands)

Three Months Ended June 30,

Six Months Ended June 30,

2026

2025

2026

2025

Revenue

$       2,190,021

$       2,049,592

$       4,243,644

$       3,915,651

Cost of goods and services

1,309,415

1,231,330

2,564,903

2,351,889

Gross profit

880,606

818,262

1,678,741

1,563,762

Selling, general and administrative expenses

488,819

463,665

981,045

912,856

Operating earnings

391,787

354,597

697,696

650,906

Interest expense

29,058

26,791

58,580

54,399

Interest income

(14,522)

(17,935)

(28,582)

(38,189)

Gain on dispositions

—

(2,176)

—

(4,644)

Other income, net

(10,447)

(4,180)

(18,902)

(8,138)

Earnings before provision for income taxes

387,698

352,097

686,600

647,478

Provision for income taxes

75,153

71,967

135,306

128,107

Earnings from continuing operations

312,545

280,130

551,294

519,371

Loss from discontinued operations, net

(299)

(1,066)

(615)

(9,486)

Net earnings

$          312,246

$          279,064

$          550,679

$          509,885

DOVER CORPORATION

QUARTERLY EARNINGS PER SHARE

(unaudited)(in thousands, except per share data*)

Earnings Per Share

2026

2025

Q1

Q2

Q2 YTD

Q1

Q2

Q2 YTD

Q3

Q4

FY 2025

Basic earnings (loss) per share:

Continuing operations

$      1.77

$      2.32

$      4.09

$      1.74

$    2.04

$      3.78

$      2.21

$      2.02

$        8.01

Discontinued operations

$         —

$         —

$         —

$     (0.06)

$   (0.01)

$     (0.07)

$     (0.01)

$      0.05

$       (0.03)

Net earnings

$      1.77

$      2.32

$      4.08

$      1.68

$    2.03

$      3.71

$      2.20

$      2.07

$        7.99

Diluted earnings (loss) per share:

Continuing operations

$      1.76

$      2.31

$      4.06

$      1.73

$    2.03

$      3.76

$      2.20

$      2.01

$        7.97

Discontinued operations

$         —

$         —

$         —

$     (0.06)

$   (0.01)

$     (0.07)

$     (0.01)

$      0.05

$       (0.03)

Net earnings

$      1.75

$      2.30

$      4.06

$      1.67

$    2.02

$      3.69

$      2.19

$      2.06

$        7.94

Net earnings (loss) and weighted average shares used in calculated earnings (loss) per share amounts are as follows:

Continuing operations

$238,749

$312,545

$551,294

$239,241

$280,130

$519,371

$303,292

$274,766

$1,097,429

Discontinued operations

(316)

(299)

(615)

(8,420)

(1,066)

(9,486)

(1,296)

7,309

(3,473)

Net earnings

$238,433

$312,246

$550,679

$230,821

$279,064

$509,885

$301,996

$282,075

$1,093,956

Weighted average shares outstanding:

Basic

134,977

134,759

134,869

137,267

137,226

137,261

137,236

135,993

136,935

Diluted

135,895

135,553

135,725

138,260

137,974

138,132

138,029

136,826

137,777

Dividends paid per common share

$      0.52

$      0.52

$      1.04

$     0.515

$     0.515

$      1.03

$      0.52

$      0.52

$        2.07

* Per share data may be impacted by rounding.

DOVER CORPORATION

QUARTERLY SEGMENT INFORMATION

(unaudited)(in thousands)

2026

2025

Q1

Q2

Q2 YTD

Q1

Q2

Q2 YTD

Q3

Q4

FY 2025

REVENUE

Engineered Products

$  266,639

$  283,481

$ 550,120

$  254,646

$  275,944

$ 530,590

$  279,705

$  275,549

$1,085,844

Clean Energy & Fueling

554,809

594,959

1,149,768

491,148

546,097

1,037,245

541,368

551,894

2,130,507

Imaging & Identification

285,420

305,101

590,521

280,090

292,009

572,099

299,100

302,244

1,173,443

Pumps & Process Solutions

537,810

552,709

1,090,519

493,573

520,554

1,014,127

550,920

583,623

2,148,670

Climate & Sustainability
Technologies

411,060

455,097

866,157

347,888

416,151

764,039

408,529

387,273

1,559,841

Intersegment eliminations

(2,115)

(1,326)

(3,441)

(1,286)

(1,163)

(2,449)

(1,781)

(1,504)

(5,734)

Total consolidated revenue

$2,053,623

$2,190,021

$4,243,644

$1,866,059

$2,049,592

$3,915,651

$2,077,841

$2,099,079

$8,092,571

EARNINGS FROM CONTINUING OPERATIONS

Segment Earnings:

Engineered Products

$   44,991

$   57,798

$ 102,789

$   44,114

$   53,511

$   97,625

$   57,483

$   62,158

$ 217,266

Clean Energy & Fueling

99,041

128,546

227,587

85,644

107,771

193,415

118,665

105,990

418,070

Imaging & Identification

77,457

84,976

162,433

77,575

76,937

154,512

81,772

78,451

314,735

Pumps & Process Solutions

169,492

178,848

348,340

151,275

159,504

310,779

168,565

172,256

651,600

Climate & Sustainability
Technologies

63,995

75,826

139,821

52,119

77,262

129,381

76,002

60,264

265,647

Total segment earnings

454,976

525,994

980,970

410,727

474,985

885,712

502,487

479,119

1,867,318

Purchase accounting
expenses 1

54,579

51,591

106,170

49,104

51,123

100,227

59,381

58,837

218,445

Restructuring and other costs 2

36,795

24,635

61,430

9,397

23,210

32,607

15,913

29,466

77,986

Gain on dispositions 3

—

—

—

(2,468)

(2,176)

(4,644)

—

—

(4,644)

Corporate expense / other 4

49,238

47,534

96,772

51,959

41,875

93,834

31,515

39,190

164,539

Interest expense

29,522

29,058

58,580

27,608

26,791

54,399

27,239

28,134

109,772

Interest income

(14,060)

(14,522)

(28,582)

(20,254)

(17,935)

(38,189)

(17,804)

(17,039)

(73,032)

Earnings before provision for
income taxes

298,902

387,698

686,600

295,381

352,097

647,478

386,243

340,531

1,374,252

Provision for income taxes

60,153

75,153

135,306

56,140

71,967

128,107

82,951

65,765

276,823

Earnings from continuing
operations

$  238,749

$  312,545

$ 551,294

$  239,241

$  280,130

$ 519,371

$  303,292

$  274,766

$1,097,429

SEGMENT EARNINGS MARGIN

Engineered Products

16.9 %

20.4 %

18.7 %

17.3 %

19.4 %

18.4 %

20.6 %

22.6 %

20.0 %

Clean Energy & Fueling

17.9 %

21.6 %

19.8 %

17.4 %

19.7 %

18.6 %

21.9 %

19.2 %

19.6 %

Imaging & Identification

27.1 %

27.9 %

27.5 %

27.7 %

26.3 %

27.0 %

27.3 %

26.0 %

26.8 %

Pumps & Process Solutions

31.5 %

32.4 %

31.9 %

30.6 %

30.6 %

30.6 %

30.6 %

29.5 %

30.3 %

Climate & Sustainability
Technologies

15.6 %

16.7 %

16.1 %

15.0 %

18.6 %

16.9 %

18.6 %

15.6 %

17.0 %

Total segment earnings margin

22.2 %

24.0 %

23.1 %

22.0 %

23.2 %

22.6 %

24.2 %

22.8 %

23.1 %

1 Purchase accounting expenses are primarily comprised of amortization of intangible assets.

2 Restructuring and other costs relate to actions taken for headcount reductions, facility consolidations and site closures, product line exits, and other asset charges.

3 Gain on dispositions, including post-closing adjustments.

4 Certain expenses are maintained at the corporate level and not allocated to the segments. These expenses include executive and functional compensation costs, non-service pension costs, non-operating insurance expenses, shared business services and digital and IT overhead costs, deal-related expenses and various administrative expenses relating to the corporate headquarters.

DOVER CORPORATION

QUARTERLY ADJUSTED EARNINGS AND ADJUSTED EARNINGS PER SHARE (NON-GAAP)

(unaudited)(in thousands, except per share data*)

Non-GAAP Reconciliations

2026

2025

Q1

Q2

Q2 YTD

Q1

Q2

Q2 YTD

Q3

Q4

FY 2025

Adjusted earnings from continuing operations:

Earnings from continuing
operations

$  238,749

$  312,545

$ 551,294

$  239,241

$  280,130

$ 519,371

$  303,292

$  274,766

$1,097,429

Purchase accounting
expenses, pre-tax 1

54,579

51,591

106,170

49,104

51,123

100,227

59,381

58,837

218,445

Purchase accounting
expenses, tax impact 2

(12,692)

(11,704)

(24,396)

(10,919)

(11,367)

(22,286)

(14,067)

(14,134)

(50,487)

Restructuring and other costs,
pre-tax 3

36,795

24,635

61,430

9,397

23,210

32,607

15,913

29,466

77,986

Restructuring and other costs,
tax impact 2

(8,048)

(5,375)

(13,423)

(1,887)

(4,642)

(6,529)

(3,230)

(5,608)

(15,367)

Gain on dispositions, pre-tax 4

—

—

—

(2,468)

(2,176)

(4,644)

—

—

(4,644)

Gain on dispositions, tax-
impact 2

—

—

—

689

435

1,124

—

—

1,124

Adjusted earnings from
continuing operations

$  309,383

$  371,692

$ 681,075

$  283,157

$  336,713

$ 619,870

$  361,289

$  343,327

$1,324,486

Adjusted diluted earnings per share from continuing operations:

Diluted earnings per share
from continuing operations

$      1.76

$      2.31

$      4.06

$      1.73

$      2.03

$      3.76

$      2.20

$      2.01

$      7.97

Purchase accounting
expenses, pre-tax 1

0.40

0.38

0.78

0.36

0.37

0.73

0.43

0.43

1.59

Purchase accounting
expenses, tax impact 2

(0.09)

(0.09)

(0.18)

(0.08)

(0.08)

(0.16)

(0.10)

(0.10)

(0.37)

Restructuring and other costs,
pre-tax 3

0.27

0.18

0.45

0.07

0.17

0.24

0.12

0.22

0.57

Restructuring and other costs,
tax impact 2

(0.06)

(0.04)

(0.10)

(0.01)

(0.03)

(0.05)

(0.02)

(0.04)

(0.11)

Gain on dispositions, pre-tax 4

—

—

—

(0.02)

(0.02)

(0.03)

—

—

(0.03)

Gain on dispositions, tax-
impact 2

—

—

—

—

—

0.01

—

—

0.01

Adjusted diluted earnings per
share from continuing
operations

$      2.28

$      2.74

$      5.02

$      2.05

$      2.44

$      4.49

$      2.62

$      2.51

$      9.61

1 Purchase accounting expenses are primarily comprised of amortization of intangible assets.

2 Adjustments were tax effected using the statutory tax rates in the applicable jurisdictions or the effective tax rate, where applicable, for each period.

3 Restructuring and other costs relate to actions taken for headcount reductions, facility consolidations and site closures, product line exits, and other asset charges. Q1 2026, Q2 2026 and YTD 2026 includes other costs of $3.0 million, $4.3 million and $7.3 million, respectively, associated with a footprint reduction in our Climate & Sustainability Technologies segment. Q2 2025, Q3 2025, Q4 2025 and FY 2025 include other costs of $1.9 million, $1.8 million, $2.6 million and $6.3 million, respectively, associated with a footprint reduction within our Climate & Sustainability Technologies segment. Q2 2025 and FY 2025 include other costs of $4.0 million associated with a product line exit within our Climate & Sustainability Technologies segment.

4 Gain on dispositions, including post-closing adjustments.

* Per share data and totals may be impacted by rounding.

DOVER CORPORATION

QUARTERLY ADJUSTED SEGMENT EBITDA (NON-GAAP)

(unaudited)(in thousands)

Non-GAAP Reconciliations

2026

2025

Q1

Q2

Q2 YTD

Q1

Q2

Q2 YTD

Q3

Q4

FY 2025

ADJUSTED SEGMENT EBITDA

Engineered Products:

Segment earnings

$  44,991

$ 57,798

$ 102,789

$  44,114

$  53,511

$  97,625

$  57,483

$  62,158

$ 217,266

Other depreciation and amortization 1

5,486

5,447

10,933

4,800

5,141

9,941

5,736

5,818

21,495

Adjusted segment EBITDA 2

50,477

63,245

113,722

48,914

58,652

107,566

63,219

67,976

238,761

Adjusted segment EBITDA margin 2

18.9 %

22.3 %

20.7 %

19.2 %

21.3 %

20.3 %

22.6 %

24.7 %

22.0 %

Clean Energy & Fueling:

Segment earnings

$  99,041

$ 128,546

$ 227,587

$  85,644

$ 107,771

$ 193,415

$ 118,665

$ 105,990

$ 418,070

Other depreciation and amortization 1

8,552

9,111

17,663

8,578

8,961

17,539

8,582

8,685

34,806

Adjusted segment EBITDA 2

107,593

137,657

245,250

94,222

116,732

210,954

127,247

114,675

452,876

Adjusted segment EBITDA margin 2

19.4 %

23.1 %

21.3 %

19.2 %

21.4 %

20.3 %

23.5 %

20.8 %

21.3 %

Imaging & Identification:

Segment earnings

$  77,457

$ 84,976

$ 162,433

$  77,575

$  76,937

$ 154,512

$  81,772

$  78,451

$ 314,735

Other depreciation and amortization 1

4,208

4,373

8,581

4,093

4,229

8,322

4,091

5,155

17,568

Adjusted segment EBITDA 2

81,665

89,349

171,014

81,668

81,166

162,834

85,863

83,606

332,303

Adjusted segment EBITDA margin 2

28.6 %

29.3 %

29.0 %

29.2 %

27.8 %

28.5 %

28.7 %

27.7 %

28.3 %

Pumps & Process Solutions:

Segment earnings

$ 169,492

$ 178,848

$ 348,340

$ 151,275

$ 159,504

$ 310,779

$ 168,565

$ 172,256

$ 651,600

Other depreciation and amortization 1

14,012

14,004

28,016

12,601

13,131

25,732

14,256

14,238

54,226

Adjusted segment EBITDA 2

183,504

192,852

376,356

163,876

172,635

336,511

182,821

186,494

705,826

Adjusted segment EBITDA margin 2

34.1 %

34.9 %

34.5 %

33.2 %

33.2 %

33.2 %

33.2 %

32.0 %

32.8 %

Climate & Sustainability Technologies:

Segment earnings

$  63,995

$ 75,826

$ 139,821

$  52,119

$  77,262

$ 129,381

$  76,002

$  60,264

$ 265,647

Other depreciation and amortization 1

8,069

8,001

16,070

7,325

7,605

14,930

7,558

7,856

30,344

Adjusted segment EBITDA 2

72,064

83,827

155,891

59,444

84,867

144,311

83,560

68,120

295,991

Adjusted segment EBITDA margin 2

17.5 %

18.4 %

18.0 %

17.1 %

20.4 %

18.9 %

20.5 %

17.6 %

19.0 %

Total Segments:

Total segment earnings 2, 3

$ 454,976

$ 525,994

$ 980,970

$ 410,727

$ 474,985

$ 885,712

$ 502,487

$ 479,119

$1,867,318

Other depreciation and amortization 1

40,327

40,936

81,263

37,397

39,067

76,464

40,223

41,752

158,439

Total Adjusted segment EBITDA 2

495,303

566,930

1,062,233

448,124

514,052

962,176

542,710

520,871

2,025,757

Total Adjusted segment EBITDA
margin 2

24.1 %

25.9 %

25.0 %

24.0 %

25.1 %

24.6 %

26.1 %

24.8 %

25.0 %

1 Other depreciation and amortization relates to property, plant, and equipment and intangibles, and excludes amounts related to purchase accounting expenses and restructuring and other costs.

2 Refer to Non-GAAP Measures Definitions section for definition.

3 Refer to Quarterly Segment Information section for reconciliation of total segment earnings to earnings from continuing operations.

DOVER CORPORATION

QUARTERLY EARNINGS FROM CONTINUING OPERATIONS TO ADJUSTED SEGMENT EBITDA RECONCILIATION (NON-GAAP)

(unaudited)(in thousands)

Non-GAAP Reconciliations

2026

2025

Q1

Q2

Q2 YTD

Q1

Q2

Q2 YTD

Q3

Q4

FY 2025

Earnings from continuing
operations

$  238,749

$  312,545

$  551,294

$  239,241

$  280,130

$ 519,371

$  303,292

$  274,766

$1,097,429

Provision for income taxes

60,153

75,153

135,306

56,140

71,967

128,107

82,951

65,765

276,823

Earnings before provision for
income taxes

298,902

387,698

686,600

295,381

352,097

647,478

386,243

340,531

1,374,252

Interest income

(14,060)

(14,522)

(28,582)

(20,254)

(17,935)

(38,189)

(17,804)

(17,039)

(73,032)

Interest expense

29,522

29,058

58,580

27,608

26,791

54,399

27,239

28,134

109,772

Corporate expense / other 1

49,238

47,534

96,772

51,959

41,875

93,834

31,515

39,190

164,539

Gain on dispositions 2

—

—

—

(2,468)

(2,176)

(4,644)

—

—

(4,644)

Restructuring and other costs 3

36,795

24,635

61,430

9,397

23,210

32,607

15,913

29,466

77,986

Purchase accounting expenses 4

54,579

51,591

106,170

49,104

51,123

100,227

59,381

58,837

218,445

Total segment earnings 5

454,976

525,994

980,970

410,727

474,985

885,712

502,487

479,119

1,867,318

Add: Other depreciation and
amortization 6

40,327

40,936

81,263

37,397

39,067

76,464

40,223

41,752

158,439

Total adjusted segment EBITDA 5

$  495,303

$  566,930

$1,062,233

$  448,124

$  514,052

$ 962,176

$  542,710

$  520,871

$2,025,757

1 Certain expenses are maintained at the corporate level and not allocated to the segments. These expenses include executive and functional compensation costs, non-service pension costs, non-operating insurance expenses, shared business services and digital and IT overhead costs, deal-related expenses and various administrative expenses relating to the corporate headquarters.

2 Gain on dispositions, including post-closing adjustments.

3 Restructuring and other costs relate to actions taken for headcount reductions, facility consolidations and site closures, product line exits, and other asset charges.

4 Purchase accounting expenses are primarily comprised of amortization of intangible assets.

5 Refer to Non-GAAP Measures Definitions section for definition.

6 Other depreciation and amortization relates to property, plant, and equipment and intangibles, and excludes amounts related to purchase accounting expenses and restructuring and other costs.

DOVER CORPORATION

REVENUE GROWTH FACTORS AND ADJUSTED EPS GUIDANCE RECONCILIATIONS (NON-GAAP)

(unaudited)

Non-GAAP Reconciliations

Revenue Growth Factors

2026

Q2

Q2 YTD

Organic

Engineered Products

2.1 %

2.1 %

Clean Energy & Fueling

8.6 %

9.8 %

Imaging & Identification

2.9 %

(0.1) %

Pumps & Process Solutions

0.4 %

(0.2) %

Climate & Sustainability Technologies

8.3 %

11.5 %

Total Organic

4.8 %

5.0 %

Acquisitions

1.2 %

1.5 %

Currency translation

0.9 %

1.9 %

Total*

6.9 %

8.4 %

 * Totals may be impacted by rounding.

2026

Q2

Q2 YTD

Organic

United States

7.9 %

9.9 %

Europe

(5.0) %

(4.6) %

Asia

8.5 %

2.0 %

Other Americas

8.8 %

5.9 %

Other

(0.9) %

(2.0) %

Total Organic

4.8 %

5.0 %

Acquisitions

1.2 %

1.5 %

Currency translation

0.9 %

1.9 %

Total*

6.9 %

8.4 %

 * Totals may be impacted by rounding.

Adjusted EPS Guidance Reconciliation*

Range

2026 Guidance for Earnings per Share from Continuing Operations (GAAP)

$      8.94

$      9.14

Purchase accounting expenses, net

1.20

Restructuring and other costs, net

0.41

2026 Guidance for Adjusted Earnings per Share from Continuing Operations (Non-GAAP)

$     10.55

$     10.75

* Per share data and totals may be impacted by rounding.

DOVER CORPORATION

QUARTERLY CASH FLOW AND FREE CASH FLOW (NON-GAAP)

(unaudited)(in thousands)

Quarterly Cash Flow

2026

2025

Q1

Q2

Q2 YTD

Q1

Q2

Q2 YTD

Q3

Q4

FY 2025

Net Cash Flows Provided By (Used In):

Operating activities

$  190,997

$ 236,171

$ 427,168

$  157,474

$ 212,340

$ 369,814

$ 424,245

$ 543,946

$1,338,005

Investing activities

(61,660)

(44,181)

(105,841)

(74,186)

(681,584)

(755,770)

(58,857)

(71,967)

(886,594)

Financing activities

(161,451)

(73,586)

(235,037)

(122,234)

(84,235)

(206,469)

(73,878)

(344,523)

(624,870)

Quarterly Free Cash Flow (Non-GAAP)

2026

2025

Q1

Q2

Q2 YTD

Q1

Q2

Q2 YTD

Q3

Q4

FY 2025

Cash flow from operating activities

$ 190,997

$ 236,171

$ 427,168

$ 157,474

$ 212,340

$ 369,814

$ 424,245

$ 543,946

$1,338,005

Less: Capital expenditures

(59,808)

(47,783)

(107,591)

(48,192)

(60,932)

(109,124)

(54,150)

(56,989)

(220,263)

Free cash flow

$ 131,189

$ 188,388

$ 319,577

$ 109,282

$ 151,408

$ 260,690

$ 370,095

$ 486,957

$1,117,742

Cash flow from operating activities as a
percentage of revenue

9.3 %

10.8 %

10.1 %

8.4 %

10.4 %

9.4 %

20.4 %

25.9 %

16.5 %

Cash flow from operating activities as a
percentage of adjusted earnings from
continuing operations

61.7 %

63.5 %

62.7 %

55.6 %

63.1 %

59.7 %

117.4 %

158.4 %

101.0 %

Free cash flow as a percentage of
revenue

6.4 %

8.6 %

7.5 %

5.9 %

7.4 %

6.7 %

17.8 %

23.2 %

13.8 %

Free cash flow as a percentage of
adjusted earnings from continuing
operations

42.4 %

50.7 %

46.9 %

38.6 %

45.0 %

42.1 %

102.4 %

141.8 %

84.4 %

DOVER CORPORATION

PERFORMANCE MEASURES

(unaudited)(in thousands)

2026

2025

Q1

Q2

Q2 YTD

Q1

Q2

Q2 YTD

Q3

Q4

FY 2025

BOOKINGS

Engineered Products

$  294,009

$  277,148

$ 571,157

$  264,538

$  276,571

$ 541,109

$  273,278

$  281,237

$1,095,624

Clean Energy & Fueling

615,197

602,624

1,217,821

543,859

526,819

1,070,678

509,553

587,041

2,167,272

Imaging & Identification

312,646

302,771

615,417

288,169

292,092

580,261

292,229

302,047

1,174,537

Pumps & Process Solutions

597,578

590,020

1,187,598

499,287

530,158

1,029,445

510,960

500,779

2,041,184

Climate & Sustainability
Technologies

646,960

560,272

1,207,232

395,623

384,246

779,869

415,099

470,081

1,665,049

Intersegment eliminations

(2,714)

(1,482)

(4,196)

(1,892)

(1,295)

(3,187)

(1,380)

(1,472)

(6,039)

Total consolidated bookings

$2,463,676

$2,331,353

$4,795,029

$1,989,584

$2,008,591

$3,998,175

$1,999,739

$2,139,713

$8,137,627

Non-GAAP Measures Definitions

In an effort to provide investors with additional information regarding our results as determined by GAAP, management also discloses non-GAAP information that management believes provides useful information to investors. Adjusted earnings from continuing operations, adjusted diluted earnings per share from continuing operations, total segment earnings, total segment earnings margin, adjusted segment EBITDA, adjusted segment EBITDA margin, free cash flow, free cash flow as a percentage of revenue, free cash flow as a percentage of adjusted earnings from continuing operations, and organic revenue growth are not financial measures under GAAP and should not be considered as a substitute for earnings from continuing operations, diluted earnings per share from continuing operations, cash flows from operating activities, or revenue as determined in accordance with GAAP, and they may not be comparable to similarly titled measures reported by other companies.

The items described in our definitions herein, unless otherwise noted, relate solely to our continuing operations.

Adjusted earnings from continuing operations represents earnings from continuing operations adjusted for the effect of purchase accounting expenses, restructuring and other costs/benefits and gain/loss on dispositions. Purchase accounting expenses are primarily comprised of amortization of intangible assets. We exclude after-tax purchase accounting expenses because the amount and timing of such charges are significantly impacted by the timing, size, number and nature of the acquisitions the Company consummates. While we have a history of acquisition activity, our acquisitions do not happen in a predictive cycle. Exclusion of purchase accounting expenses facilitates more consistent comparisons of operating results over time. We believe it is important to understand that such intangible assets were recorded as part of purchase accounting and contribute to revenue generation. We exclude the other items because they occur for reasons that may be unrelated to the Company's commercial performance during the period and/or management believes they are not indicative of the Company's ongoing operating costs or gains in a given period.

Adjusted diluted earnings per share from continuing operations or adjusted earnings per share from continuing operations represents diluted earnings per share from continuing operations adjusted for the effect of purchase accounting expenses, restructuring and other costs/benefits and gain/loss on disposition.

Total segment earnings is defined as the sum of earnings before purchase accounting expenses, restructuring and other costs/benefits, gain/loss on dispositions, corporate expenses/other, interest expense, interest income and provision for income taxes for all segments. Total segment earnings margin is defined as total segment earnings divided by revenue.

Adjusted segment EBITDA is defined as segment earnings plus other depreciation and amortization expense, which relates to property, plant, and equipment and intangibles, and excludes amounts related to purchase accounting expenses and restructuring and other costs/benefits. Adjusted segment EBITDA margin is defined as adjusted segment EBITDA divided by revenue.

Management believes the non-GAAP measures above are useful to investors to better understand the Company's ongoing profitability as they better reflect the Company's core operating results, offer more transparency and facilitate easier comparability to prior and future periods and to its peers.

Free cash flow represents net cash provided by operating activities minus capital expenditures. Free cash flow as a percentage of revenue equals free cash flow divided by revenue. Free cash flow as a percentage of adjusted earnings from continuing operations equals free cash flow divided by adjusted earnings from continuing operations. 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.

Management believes that reporting organic revenue growth, which excludes the impact of foreign currency exchange rates and the impact of acquisitions and dispositions, provides a useful comparison of our revenue and trends between periods. We do not provide a reconciliation of forward-looking organic revenue to the most directly comparable GAAP financial measure pursuant to the exception provided in Item 10(e)(1)(i)(B) of Regulation S-K because we are not able to provide a meaningful or accurate compilation of reconciling items. This is due to the inherent difficulty in accurately forecasting the timing and amounts of the items that would be excluded from the most directly comparable GAAP financial measure or are out of our control. For the same reasons, we are unable to address the probable significance of unavailable information which may be material.

Performance Measures Definitions

Bookings represent total orders received from customers in the current reporting period and exclude de-bookings related to orders received in prior periods, if any. This metric is an important measure of performance and an indicator of revenue order trends.

We use the above operational metric in monitoring the performance of the business. We believe the operational metric is useful to investors and other users of our financial information in assessing the performance of our segments.

Investor Contact:

Media Contact:

Jack Dickens

Adrian Sakowicz

Vice President - Investor Relations

Vice President - Communications

(630) 743-2566

(630) 743-5039

[email protected] 

[email protected] 

SOURCE Dover

, /PRNewswire/ -- Dover Fueling Solutions ("DFS"), a part of Dover (NYSE: DOV) and a leading global provider of advanced customer-focused technologies, services and solutions in the fuel and convenience retail industries, today announced the launch of ProGauge MagLink Anywhere™, a new automatic tank gauge (ATG) mobile app designed to give fuel retailers reliable, real-time access to critical tank and console data.

As fuel retailers look to improve inventory control and make faster decisions across sites, access to accurate tank data is becoming increasingly important. Available globally, MagLink Anywhere provides retailers a clearer view of their fuel retail business, while strengthening the connectivity between various site ecosystems. The app works seamlessly with existing ProGauge® consoles, including the ProGauge MagLink LX 4® console, ProGauge MagLink LX Plus® console, and ProGauge MagLink LX Ultimate® console.

By bringing fuel station and underground tank data into a single mobile view, MagLink Anywhere gives retailers quick access to the information they need to monitor inventory, review site activity, and respond to issues requiring attention as they occur.

"Fuel retailers generate vast amounts of operational data every day but turning that information into actionable insights has long been a challenge," said Nuno Almeida, DFS Product Management Director. "With MagLink Anywhere, we're putting powerful intelligence directly into the hands of operators, enabling them to monitor inventory, identify issues sooner, and make smarter decisions from anywhere, at any time, and through an easy-to-use platform."

MagLink Anywhere allows the end user to pair to their ProGauge console easily and quickly, using a secure architecture that safeguards data transmitted through the app and supports controls intended to limit unauthorized access.

Fergus Heading, DFS ATG Business Development Director, added, "We designed the app to improve time management, enhance visibility into console and tank data, and provide stability within overall business operations. Whether operating a single site or managing a large network of tank gauging equipment, MagLink Anywhere gives fuel retailers a practical way to access the inventory and site information they need in one place."

To learn more information about the MagLink Anywhere app, visit ProGauge MagLink Anywhere.

About Dover Fueling Solutions:

Dover Fueling Solutions® (DFS) is part of Dover Corporation and a leading provider of advanced energy dispensing equipment, electronic automation, point-of-sale and payment systems, automatic tank gauging and subscription solutions to fueling and convenience retail customers worldwide. Comprised of brands Wayne®, Tokheim®, OPW®, ProGauge®, Fairbanks®, AvaLAN Networks™, LIQAL®, Bulloch Technologies®, and SiteIQ™, DFS is dedicated to offering a broad range of solutions that power vehicles, including conventional fuel and clean energy products that support gasoline, diesel, bio-diesel and ethanol as well as LNG, H2, LPG, CNG and EV chargers. Headquartered in Austin, TX, DFS has a strong global manufacturing and technology development presence, including facilities in Brazil, Canada, China, India, Italy, Poland, Belgium, the Netherlands, the United Kingdom and the United States. For more information about DFS, visit www.doverfuelingsolutions.com.

About Dover:

Dover is a diversified global manufacturer and solutions provider with annual revenue of over $8 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions and Climate & Sustainability Technologies. Dover combines global scale with operational agility to lead the markets we serve. Recognized for our entrepreneurial approach for over 70 years, our team of approximately 24,000 employees takes an ownership mindset, collaborating with customers to redefine what's possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under "DOV." Additional information is available at dovercorporation.com.

Dover Fueling Solutions Contact:
Amy Cearley
(512) 484-4259
[email protected] 

Dover Media Contact:
Adrian Sakowicz, VP, Communications
(630) 743-5039
[email protected] 

Dover Investor Contact:
Jack Dickens, VP, Investor Relations
(630) 743-2566
[email protected]

SOURCE Dover

Posted by Defense World Staff on Jul 21st, 2026

California Public Employees Retirement System decreased its holdings in shares of Dover Corporation (NYSE:DOV – Free Report) by 1.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 246,904 shares of the industrial products company’s stock after selling 4,311 shares during the quarter. California Public Employees Retirement System owned about 0.18% of Dover worth $51,467,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Orion Porfolio Solutions LLC grew its holdings in Dover by 0.7% during the 4th quarter. Orion Porfolio Solutions LLC now owns 7,542 shares of the industrial products company’s stock worth $1,472,000 after acquiring an additional 51 shares during the period. Frank Rimerman Advisors LLC lifted its stake in shares of Dover by 2.2% in the 4th quarter. Frank Rimerman Advisors LLC now owns 2,439 shares of the industrial products company’s stock valued at $476,000 after purchasing an additional 52 shares during the period. KCM Investment Advisors LLC lifted its stake in shares of Dover by 3.5% in the 4th quarter. KCM Investment Advisors LLC now owns 1,585 shares of the industrial products company’s stock valued at $309,000 after purchasing an additional 53 shares during the period. Tectonic Advisors LLC boosted its position in shares of Dover by 1.7% in the 4th quarter. Tectonic Advisors LLC now owns 3,176 shares of the industrial products company’s stock worth $620,000 after purchasing an additional 54 shares during the last quarter. Finally, Kingsview Wealth Management LLC grew its stake in shares of Dover by 2.3% during the fourth quarter. Kingsview Wealth Management LLC now owns 2,506 shares of the industrial products company’s stock worth $489,000 after purchasing an additional 56 shares during the period. 84.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In A number of equities research analysts recently commented on DOV shares. Wall Street Zen upgraded Dover from a “hold” rating to a “buy” rating in a report on Sunday, June 7th. Seaport Research Partners raised their target price on Dover from $245.00 to $265.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Oppenheimer upped their price target on Dover from $242.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $229.00 price target on shares of Dover in a research report on Friday, April 24th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $252.00 price objective on shares of Dover in a research note on Friday, April 24th. Eight equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $241.43.

Check Out Our Latest Stock Report on DOV

Dover Trading Down 2.1% NYSE:DOV opened at $209.64 on Tuesday. Dover Corporation has a fifty-two week low of $158.97 and a fifty-two week high of $237.54. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.87 and a quick ratio of 1.32. The stock has a market capitalization of $28.23 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 1.63 and a beta of 1.16. The business’s 50-day simple moving average is $216.09 and its 200-day simple moving average is $215.24.

Dover (NYSE:DOV – Get Free Report) last posted its earnings results on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.01. The business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.19 billion. Dover had a return on equity of 18.01% and a net margin of 13.30%.Dover’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.05 EPS. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. Sell-side analysts expect that Dover Corporation will post 10.65 earnings per share for the current fiscal year.

Dover Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. Dover’s dividend payout ratio is currently 25.94%.

About Dover (Free Report)

Dover Corporation is a diversified global manufacturer of industrial products, components and specialty systems that serve a wide range of commercial and industrial end markets. Headquartered in Downers Grove, Illinois, the company has built a portfolio of operating businesses that design, manufacture and distribute engineered equipment, aftermarket parts and related services for customers around the world.

Dover’s activities span several product and solution categories, including fluid-handling and pumping systems, material handling and processing equipment, refrigeration and foodservice technologies, product identification and printing systems, precision components and automation and sensing solutions.

See Also Five stocks we like better than Dover The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence Is Domino’s Stock Serving Up a Buying Opportunity? A $1T Black Hole: SpaceX Eyes Pentagon AI to Break Free Why Gold Miners Could Be the Market’s Biggest Comeback Story Want to see what other hedge funds are holding DOV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dover Corporation (NYSE:DOV – Free Report).

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Dover Corporation (DOV - Free Report) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

The earnings report, which is expected to be released on July 23, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus EstimateThis company is expected to post quarterly earnings of $2.72 per share in its upcoming report, which represents a year-over-year change of +11.5%.

Revenues are expected to be $2.21 billion, up 8% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.25% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Dover?For Dover, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.01%.

On the other hand, the stock currently carries a Zacks Rank of #2.

So, this combination makes it difficult to conclusively predict that Dover will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Dover would post earnings of $2.27 per share when it actually produced earnings of $2.28, delivering a surprise of +0.44%.

Over the last four quarters, the company has beaten consensus EPS estimates four times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Dover doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

An Industry Player's Expected ResultsAnother stock from the Zacks Manufacturing - General Industrial industry, Otis Worldwide (OTIS - Free Report) , is soon expected to post earnings of $1 per share for the quarter ended June 2026. This estimate indicates a year-over-year change of -4.8%. Revenues for the quarter are expected to be $3.72 billion, up 3.5% from the year-ago quarter.

The consensus EPS estimate for Otis Worldwide has been revised 1.2% lower over the last 30 days to the current level. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -0.57%.

This Earnings ESP, combined with its Zacks Rank #4 (Sell), makes it difficult to conclusively predict that Otis Worldwide will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates two times.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

, /PRNewswire/ -- OPW Fluid Transfer Solutions, part of Dover (NYSE: DOV), today announced the launch of the Diamond Integrated Fueling Solution, a connected platform designed to help fuel distributors, carriers, and operators improve visibility, control, and efficiency across delivery operations.

"The Diamond Integrated Fueling Solution combines several industry-leading OPW technologies into a single connected ecosystem. By integrating these systems, we are helping customers simplify truck design, improve delivery control, and gain enhanced insight across their fueling operations," said Toby Bourque, General Manager of BASE Engineering.

The Diamond Integrated Fueling Solution connects multiple systems, including the VisiLevel™ product sensor from OPW Fluid Transfer Group Europe, BASEstation™ automation and ProControl™ wireless handheld devices from BASE Engineering, and CivaCommand™ smart tank system and manifolds from Civacon.

Created specifically for tank truck applications, the platform supports a wide range of operational functions, including tank inventory management, digital overfill prevention, crossover prevention, payload control, and automated delivery processes. It also incorporates continuous level sensors, giving operators accurate visibility into compartment levels during transport and delivery.

The Diamond Integrated Fueling Solution further enables back-office connectivity, allowing operational data to be integrated into fleet management, reporting, and business systems. This connectivity helps fuel distributors and logistics operators improve oversight, track delivery performance, and support more informed decision-making.

About OPW Fluid Transfer Solutions:
OPW Fluid Transfer Solutions, a business unit within OPW, a Dover company, is dedicated to delivering world-class technologies for use in the handling, transfer and transport of hazardous bulk products. Specifically, the companies of OPW FTS – Civacon, Midland, OPW Engineered Systems, BASE Engineering, Inc., and Xanik – develop and manufacture products and systems that help ensure the safe, reliable and efficient loading and unloading of critical hazardous fluids and dry goods for a customer base that operates in three distinct business units: Cargo, Rail and Chemical & Industrial. For more information on OPW Fluid Transfer Solutions, please visit opwfluidtransfer.com.

About Dover:
Dover is a diversified global manufacturer and solutions provider with annual revenue of over $8 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions and Climate & Sustainability Technologies. Dover combines global scale with operational agility to lead the markets we serve. Recognized for our entrepreneurial approach for over 70 years, our team of approximately 24,000 employees takes an ownership mindset, collaborating with customers to redefine what's possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under "DOV." Additional information is available at dovercorporation.com.

OPW Fluid Transfer Solutions Contact:
Peter Russell
(506) 333-2003
[email protected]

Dover Media Contact:
Adrian Sakowicz, VP, Communications
(630) 743-5039
[email protected]

Dover Investor Contact:
Jack Dickens, VP, Investor Relations
(630) 743-2566
[email protected]

SOURCE Dover

, /PRNewswire/ -- Caldera, part of Dover (NYSE: DOV), today announced the release of PrimeCenter 5.0, a significant update to its innovative wide-format intelligent job preparation and prepress workflow solution. The latest enhancement reduces manual rework and production delays while delivering measurable time and cost savings to print providers. With PrimeCenter 5.0, operators using any Raster Image Processor ("RIP") can easily inspect, modify, validate, and confirm files in a single workspace before moving directly to optimized layouts or exporting clean PDFs across workstations.

File preparation remains one of the biggest sources of delays and rework for wide-format print businesses, with complex applications such as double-sided or multilayer printing often requiring manual intervention. The introduction of File Editor in PrimeCenter 5.0 brings all key prepress functions into a single environment, reducing the need to switch between tools and ensuring both accuracy and consistency. Print businesses can save up to 30 minutes per print job, enabling them to scale production and meet customer turnaround expectations.

"PrimeCenter 5.0 reflects what print teams tell us they need every day: a quicker, easier way to get files production-ready while keeping full control. With File Editor, users can check, fix, and validate files in one place before moving straight into layout creation. That means less jumping between tools, less rework, and more time spent getting jobs out the door across manual and automated workflows," said Sebastien Hanssens, Vice President of Marketing at Caldera.

Integrated directly into PrimeCenter 5.0, File Editor allows users to review critical file components such as dimensions and cutting paths, apply immediate corrections, and confirm results in real time. Files can then be sent directly to PrimeCenter's Layout Creator, where jobs are automatically nested into optimized layouts for printing and cutting. Files can also be exported from File Editor to PDF.

PrimeCenter 5.0 continues to support integration with major RIP software, printers, and cutting systems, making it suitable for a broad range of applications, from sticker production and retail graphics to high-volume batch workflows.

About Caldera:
Headquartered outside Strasbourg in Eckbolsheim, France, Caldera is a leading developer and distributor of innovative software solutions serving the graphics and textile markets. Over the past 30 years, Caldera has developed recognition as the leading developer of raster image processing software, color management and workflow solutions for the graphics and textile space. Additional information is available on the company's website at www.caldera.com.

About Dover:
Dover is a diversified global manufacturer and solutions provider with annual revenue of over $8 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions and Climate & Sustainability Technologies. Dover combines global scale with operational agility to lead the markets we serve. Recognized for our entrepreneurial approach for over 70 years, our team of approximately 24,000 employees takes an ownership mindset, collaborating with customers to redefine what's possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under "DOV." Additional information is available at dovercorporation.com.

Caldera Contact:
Sébastien Hanssens
+33 3 88210000
[email protected]

Dover Media Contact:
Adrian Sakowicz, VP, Communications
(630) 743-5039
[email protected]

Dover Investor Contact:
Jack Dickens, VP, Investor Relations
(630) 743-2566
[email protected]

SOURCE Dover

, /PRNewswire/ -- SIKORA, part of MAAG Group and Dover (NYSE: DOV), today announced the release of LINE PERFORMANCE OPTIMIZER (LPO), a new software program designed to detect early-stage quality fluctuations in wire and cable production.

Data cable manufacturing requires consistently high product quality, as even minor disturbances can impair signal and transmission quality. SIKORA's new LPO software uses highly accurate individual measurement values from SIKORA measuring devices without averaging them. These measurement values are then consolidated in an ECOCONTROL processor system and clearly displayed, allowing the operator to immediately assess the quality of the entire production line. Deviations detected early on can be precisely identified and specifically addressed by operating personnel, resulting in more stable processes and rapid troubleshooting in the extrusion process.

The LPO was first unveiled to the public in April at this year's wire Düsseldorf tradeshow, the world's leading trade fair for the wire and cable industry, with over 1,500 exhibitors from 60 countries.

For more information, visit sikora.net.

About SIKORA:

Technology To Perfection – that is SIKORA's trademark. Originally known for measuring devices for the industrial production of wires and cables, the company has continuously developed over more than 50 years. Since 2025 SIKORA is part of the MAAG Group, a leading international group of companies for integrated solutions in polymer processing and part of the Dover Corporation. Within MAAG's new field of competence for "Measurement & Control Systems" SIKORA delivers innovative solutions based on AI, laser, X-ray, radar, optics, ultrasound and electromagnetic technologies. Being also a well-known manufacturer of inspection, analysis and sorting systems, SIKORA sets standards with solutions for quality control, process optimization and cost savings in many industrial sectors. With around 500 employees at its headquarters in Bremen/Germany and its 13 international subsidiaries, SIKORA provides customized customer service that meets the needs of the markets. The company lives the culture of innovation, pioneering spirit and perfection. SIKORA's experts continuously research and develop pioneering technologies that make production processes more efficient and economical. SIKORA's success is measurable: in the success of its customers.

About MAAG Group:

The MAAG Group is a broadly diversified global solutions provider with integrated and customizable systems in process technology for the polymer, chemical, petrochemical, pharmaceutical and food industries. Its Pump & Filtration Systems, Pelletizing & Pulverizing Systems, Recycling Systems and Measurement & Control Systems divisions consolidate the many years of experience and in-depth know-how of the AMN, AUTOMATIK, ETTLINGER, GALA, MAAG, REDUCTION, SCHEER, SIKORA, WITTE and XANTEC product brands. The MAAG Group currently employs over 1,900 people at production sites in Switzerland, Germany, France, Italy, the USA, and China. Additional sales and service centers in France, Taiwan, Malaysia, India, Thailand and Brazil ensure close attention to customers' needs. The MAAG Group is a business unit of Pumps & Process Solutions, a segment of the Dover Corporation. For more information, please visit www.maag.com.

About Dover:

Dover is a diversified global manufacturer and solutions provider with annual revenue of over $8 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions and Climate & Sustainability Technologies. Dover combines global scale with operational agility to lead the markets we serve. Recognized for our entrepreneurial approach for over 70 years, our team of approximately 24,000 employees takes an ownership mindset, collaborating with customers to redefine what's possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under "DOV." Additional information is available at dovercorporation.com.

SIKORA Contact:
Katja Giersch, Global Marketing & Communications Director
+49 421 48900 60
[email protected]

Dover Media Contact:
Adrian Sakowicz, VP, Communications
(630) 743-5039
[email protected]

Dover Investor Contact:
Jack Dickens, VP, Investor Relations
(630) 743-2566
[email protected]

SOURCE Dover

Dover Corporation (DOV - Free Report) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.

A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.

The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time.

As such, the Zacks rating upgrade for Dover is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.

Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.

For Dover, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.

Harnessing the Power of Earnings Estimate RevisionsAs empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.

The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .

Earnings Estimate Revisions for DoverThis company is expected to earn $10.61 per share for the fiscal year ending December 2026, which represents no year-over-year change.

Analysts have been steadily raising their estimates for Dover. Over the past three months, the Zacks Consensus Estimate for the company has increased 0.7%.

Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.

You can learn more about the Zacks Rank here >>>

The upgrade of Dover to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.

The headline numbers for Dover (DOV) give insight into how the company performed in the quarter ended March 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Dover Corporation (DOV) Q1 2026 Earnings Call Transcript

Revenue Growth: Double-digit growth in the first quarter of 2026.Bookings: Totaled $2.5 billion, up 24% year-over-year.Book-to-Bill Ratio: Healthy at 1.2% for

DOWNERS GROVE, Ill., April 28, 2026 /PRNewswire/ -- OPW Engineered Systems, part of Dover (NYSE: DOV), today announced the launch of the HyperFlow™ high-flow data center dry disconnect coupler.

DOWNERS GROVE, Ill., May 8, 2026 /PRNewswire/ -- The Board of Directors of Dover Corporation (NYSE: DOV) today declared a regular quarterly cash dividend of $0.52 (fifty-two cents) per share, payable on June 15, 2026, to shareholders of record as of May 29, 2026.

DOWNERS GROVE, Ill., May 18, 2026 /PRNewswire/ -- Microwave Products Group (MPG), part of Dover (NYSE: DOV), today announced that it will unveil three new products designed to help Aerospace & Defense customers make faster, more informed radio frequency (RF) spectrum decisions at AOC Europe 2026, a premier defense event and exhibition, on May 19-21 in Helsinki, Finland.

DOWNERS GROVE, Ill., May 27, 2026 /PRNewswire/ -- CPC Biotech, part of PSG and Dover (NYSE: DOV) and a leading manufacturer of connectors, pumps, and flow sensors used in biopharmaceutical processing, has collaborated with Multiply Labs to rapidly advance the use of robotic systems in cell therapy manufacturing.

DOWNERS GROVE, Ill., June 10, 2026 /PRNewswire/ -- Markem-Imaje, part of Dover (NYSE: DOV) and a global provider of end-to-end supply chain solutions and industrial marking and coding systems, today announced the launch of CoLOS® Software Version 7, expanding its software suite with new features designed for industrial organizations with multiple production facilities.