Dover (DOV) Q2 2025 Earnings
How Did DOV Stock React to Q2 2025 Earnings?
S&P 500 over the same 30 days: +1.27%.
Did DOV Beat Earnings? Q2 2025 Results
Yes. Dover reported Q2 2025 earnings of $2.44 a share on Jul 24, 2025, beating the $2.39 consensus estimate by 2.1%. Revenue was $2.0B against a $2.0B estimate.
Dover Corporation posted a stronger-than-expected second quarter of 2025, with adjusted diluted EPS of $2.44 clearing the $2.39 consensus estimate by 2.07% and revenue of $2.05 billion edging past forecasts by 0.46% on 5.2% year-over-year growth. The standout driver behind the quarter was a record consolidated segment margin of 23.2%, the product of prior portfolio reshaping, favorable mix from growth platforms including biopharma and data center products, and disciplined cost containment. Clean Energy & Fueling led segment performance with 8.0% organic growth, while Pumps & Process Solutions added 3.9%, partially offsetting softness in Engineered Products and Climate & Sustainability Technologies, which fell 5.1% and 5.6% organically, respectively. Total bookings of $2.01 billion exceeded revenue and rose 7% over the prior-year period, with management noting that a majority of third-quarter revenue is already in backlog. Encouraged by the first-half momentum, Dover raised its full-year 2025 adjusted EPS guidance to $9.35 to $9.55, up from $9.20 to $9.40, with full-year revenue growth projected at 4% to 6%.
- Broad-based shipment growth in short cycle components
- Continued strength in secular-growth-exposed end markets
- Record consolidated segment margin of 23.2% driven by portfolio actions, positive mix, cost containment and productivity
- Clean Energy & Fueling organic growth of 8.0%
- Pumps & Process Solutions organic growth of 3.9%
- Acquisitions contributed 3.0% to revenue growth
- Favorable currency translation of 1.3%
“Dover's second quarter results were solid, driven by excellent production performance and execution in the face of a highly dynamic global trading environment.”
Dover CEO, on the earnings call
What Was Dover's Outlook in Q2 2025?
Dover raised its full-year 2025 adjusted EPS guidance to $9.35–$9.55, up from the prior range of $9.20–$9.40, reflecting strong first-half performance. GAAP EPS from continuing operations is expected in the range of $8.00–$8.20. Full-year revenue growth is projected at 4% to 6%. Management is constructive on the second half, citing healthy underlying end-market demand supported by sustained order rates, with a majority of Q3 revenue already in backlog despite macroeconomic uncertainty.
DOV YoY Financials
| Metric | Q2 2025 | Q2 2024 | Year over year |
|---|---|---|---|
| Revenue | $2.0B | $1.9B | +5.2% |
| Gross Profit | $818.3M | $752.5M | +8.7% |
| Operating Income | $354.6M | $323.5M | +9.6% |
| Net Income | $280.1M | $281.8M | −0.6% |
DOV Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.