Dover (DOV) Q3 2025 Earnings
How Did DOV Stock React to Q3 2025 Earnings?
S&P 500 over the same 30 days: −0.45%.
Did DOV Beat Earnings? Q3 2025 Results
Yes. Dover reported Q3 2025 earnings of $2.62 a share on Oct 23, 2025, beating the $2.51 consensus estimate by 4.5%. Revenue was $2.1B against a $2.1B estimate.
Dover Corporation delivered a mixed but largely constructive third quarter for fiscal 2025, beating on the bottom line while falling slightly short on the top. Adjusted diluted EPS from continuing operations came in at $2.62, clearing the $2.51 consensus estimate by 4.52%, as record consolidated segment margins of 24.2% reflected favorable mix from growth platforms and disciplined cost containment. Revenue of $2.08 billion rose 4.8% year over year but missed the $2.11 billion consensus by 1.50%, held back by organic declines in Engineered Products and Climate & Sustainability Technologies, which offset strong gains in Pumps & Process Solutions and Clean Energy & Fueling. Free cash flow of $370.10 million, representing 17.8% of revenue, underscored the quality of earnings even as headline revenue disappointed. Looking ahead, Dover raised its full-year 2025 adjusted EPS guidance to $9.50 to $9.60, up from a prior range of $9.35 to $9.55, with management citing healthy underlying demand and sustained order momentum despite pockets of macroeconomic uncertainty. The company also declared a quarterly dividend of $0.52 per share, reinforcing its commitment to shareholder returns.
- Broad-based shipment growth in short cycle components
- Continued strength across secular-growth end markets
- Outperformance from recently-closed acquisitions
- Record consolidated segment margin of 24.2% driven by positive mix, solid execution, and cost containment
- Strong free cash flow generation of 17.8% of revenue
“We are pleased with Dover's third quarter results. Top line performance in the quarter was driven by broad-based shipment growth in short cycle components, continued strength across our secular-growth end markets, and outperformance from recently-closed acquisitions. 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.”
Dover CEO, on the earnings call
What Was Dover's Outlook in Q3 2025?
Dover raised its full-year 2025 adjusted EPS guidance to $9.50–$9.60 from the prior range of $9.35–$9.55, with GAAP EPS from continuing operations expected in the range of $8.06–$8.16. Full-year revenue growth is expected at 4%–6%. Management described a constructive outlook for the remainder of 2025, citing healthy underlying end market demand across much of the portfolio supported by sustained order growth, despite some macroeconomic uncertainty. Near-term headwinds in vehicle aftermarket and refrigerated door cases are expected to improve through the balance of the year.
DOV YoY Financials
| Metric | Q3 2025 | Q3 2024 | Year over year |
|---|---|---|---|
| Revenue | $2.1B | $2.0B | +4.8% |
| Gross Profit | $833.6M | $763.2M | +9.2% |
| Operating Income | $377.2M | $333.6M | +13.1% |
| Net Income | $303.3M | $347.1M | −12.6% |
DOV Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.