Dover reports mixed Q1 results, maintains full-year outlook

Published 24/04/2025, 11:44
Dover reports mixed Q1 results, maintains full-year outlook

NEW YORK -On Thursday, Dover Corporation (NYSE:DOV) reported first quarter results that beat earnings expectations but fell short on revenue, while maintaining its full-year guidance.

The company’s shares remained unchanged in premarket trading following the release.

The diversified manufacturer posted adjusted earnings per share of $2.05, exceeding analyst estimates of $1.99. However, revenue of $1.87 billion came in slightly below the consensus forecast of $1.88 billion.

Dover’s Q1 revenue declined 1% YoY, though organic revenue grew 1%. The company saw strength in its Pumps & Process Solutions segment, which reported 6.5% organic growth. This was offset by weakness in the Engineered Products and Climate & Sustainability Technologies segments.

"Dover’s first quarter results were encouraging, with favorable book-to-bill across all five segments and growing momentum throughout the quarter providing support for our near-term outlook," said Richard J. Tobin, Dover’s President and CEO.

For the full year 2025, Dover reiterated its guidance for adjusted EPS of $9.20 to $9.40, in line with analyst expectations of $9.30. The company expects revenue growth of 2% to 4% for the year.

Dover’s stock was unchanged in early trading following the earnings release. The company’s ability to maintain its full-year outlook despite the slight Q1 revenue miss likely reassured investors about its growth trajectory for the remainder of 2025.

The company ended the quarter with a book-to-bill ratio above 1.0, indicating a healthy order backlog to support future revenue. Management expressed confidence in Dover’s positioning to navigate the current macroeconomic environment.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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