Snapshot
DOVER Corp reported $2.05B of revenue in Q1 2026, up 10.1% year over year, with diluted EPS of $1.75 and an operating margin of 14.9%.
- Revenue
- $2.05B
- YoY growth
- +10.1%
- Diluted EPS
- $1.75
- Operating margin
- 14.9%
$2.05B
Revenue
+10.1%
YoY growth
$1.75
Diluted EPS
14.9%
Operating margin
01 Key takeaways
What management said
- •Revenue grew double digits in the quarter, driven by continued strength in our secular growth-exposed end markets, acquired company performance, and constructive demand conditions across the portfolio.
- •During the quarter, we continued to return capital to shareholders through opportunistic share repurchases, while also investing behind high-return capacity expansions and productivity projects.
- •Our acquisition pipeline remains active as industrial M&A begins to pick up.
- •All in, adjusted EPS of $2.28 per share was up 11% year-over-year.
- •We remain committed to delivering double-digit adjusted EPS growth for the full year, consistent with Dover's long-term performance trajectory.
- •We have chosen to reaffirm full guidance for the year for the time being, but clearly, based on order rates, we are driving to the top end of the range.
- •Engineered Products revenue increased modestly in the quarter, supported by strong underlying demand and healthy bookings in aerospace and defense components and industrial winches, along with improving trends in the global vehicle aftermarket business.
- •Clean Energy & Fueling grew 11% organically, led by strong shipments and new orders in clean energy components, fluid transport, and retail fueling.
- •Margin performance was driven by volume leverage and operational execution, with recent pricing actions expected to further bolster margin performance over the balance of the year.
- •Imaging & Identification delivered stable performance across core marking and coding equipment, consumables, and in serialization software.
- •Segment margins remained strong with some foreign currency translation headwinds in the quarter that should abate as the year progresses.
- •Revenue in Pumps & Process Solutions declined modestly in the quarter as solid performance in artificial intelligence, energy infrastructure components, and industrial pumps allowed us to lap a tough comp in biopharma.
SourcesCompany financials · earnings call
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