Snapshot
DOVER Corp reported $2.05B of revenue in Q2 2025, up 5.2% year over year, with diluted EPS of $2.02 and an operating margin of 17.3%.
- Revenue
- $2.05B
- YoY growth
- +5.2%
- Diluted EPS
- $2.02
- Operating margin
- 17.3%
$2.05B
Revenue
+5.2%
YoY growth
$2.02
Diluted EPS
17.3%
Operating margin
01 Key takeaways
What management said
- •Dover's second quarter results were strong, driven by excellent production performance, positive margin mix from our growth platforms, and carry forward cost actions taken in prior periods.
- •Top line performance accelerated in the quarter on broad based shipment growth in short cycle components and outperformance over secular growth exposed end markets.
- •Order trends continued to be positive momentum in the quarter, up 7% year-over-year, bolstering our confidence in the second half outlook, with the majority of our third quarter revenue already in backlog.
- •As an anecdote, July orders are tracking really well going into the back end of the third quarter.
- •We continue to invest in high ROI organic capital projects, including productivity and capacity expansion, as well as targeted footprint optimization.
- •During the quarter, we also completed two acquisitions of attractive, fast growing assets within our high priority Pumps & Process Solutions segment.
- •Our balance sheet strength remains an advantage that provides flexibility as we pursue value creating capital deployment to further expand our businesses in high growth, high margin areas.
- •Underlying end market demand is healthy and is supported by our sustained order rates.
- •As a result, we are raising our full year adjusted EPS guidance to $9.35-$9.55, which is +14% for the full year at midpoint.
- •Engineered Products revenue was down in the quarter on lower volumes of vehicle services.
- •Margin performance for the segment was up on structural cost management and productivity.
- •Clean Energy & Fueling was up 8% in the quarter, led by strong shipments in clean energy components, fluid transport, and North American retail fueling software and equipment.
SourcesCompany financials · earnings call
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