Snapshot
DOVER Corp reported $2.08B of revenue in Q3 2025, up 4.8% year over year, with diluted EPS of $2.19 and an operating margin of 18.2%.
- Revenue
- $2.08B
- YoY growth
- +4.8%
- Diluted EPS
- $2.19
- Operating margin
- 18.2%
$2.08B
Revenue
+4.8%
YoY growth
$2.19
Diluted EPS
18.2%
Operating margin
01 Key takeaways
What management said
- •Revenue was up 5% in the quarter, driven by broad-based shipment growth in short-cycle components, continued strength across our secular growth end markets, and very encouraging results from recently closed acquisitions.
- •Margin performance in the quarter was excellent, with a record consolidated EBITDA margin of 26.1%, up 170 basis points over the comparable period.
- •As a result of positive mix impact from our growth platforms, solid execution, and our rigorous cost containment and productivity actions, all five segments posted margin improvements during the quarter.
- •All in, adjusted EPS was up 15% in the quarter and is up 17% year to date.
- •This year, we increased our investments in high ROI capital projects focused on productivity and capacity expansions, as well as targeted footprint optimization.
- •Our balance sheet strength is an advantage that provides flexibility and attractive optionality as we pursue value-creating bolt-on acquisitions and opportunistic capital return strategies.
- •We have a constructive outlook for the remainder of 2025 and into 2026.
- •Despite some macroeconomic uncertainty, underlying end-market demand is healthy across much of the portfolio and is supported by our sustained order growth.
- •As a result, we are increasing our full-year adjusted EPS guidance from $9.35-$9.55 to $9.50-$9.60.
- •Engineered Products revenue was down in the quarter on lower volumes in vehicle services, partially offset by solid performance in aerospace and defense components.
- •Despite the organic volume decline, absolute segment profit improved in the quarter on well-executed structural cost management, product mix, and productivity initiatives.
- •Clean Energy & Fueling was up 5% organically in the quarter, led by strong shipments in clean energy components, fluid transport, and North American retailing, fueling software, and equipment.
SourcesCompany financials · earnings call
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