Dover tops Q1 forecasts on solid demand trends

Fiona Craig

Thu, April 23, 2026 astatine 7:37 AM CDT 2 min read

Dover Corp. (NYSE:DOV) reported first-quarter results connected Thursday that somewhat exceeded expert expectations, supported by beardown request crossed cardinal extremity markets.

The institution posted adjusted net per stock of $2.28, conscionable supra the statement estimation of $2.27. Shares roseate modestly, gaining 0.11% successful premarket trading pursuing the announcement.

Revenue came successful astatine $2.05 billion, beating the $2 cardinal forecast and marking a 10% summation from $1.87 cardinal successful the aforesaid 4th past year.

Organic gross grew 5% during the period, reflecting spot successful markets tied to semipermanent maturation trends, arsenic good arsenic improving conditions crossed Dover’s portfolio.

All 5 of the company’s concern segments recorded book-to-bill ratios supra one, signaling robust bid activity.

“We delivered a coagulated commencement to the year, with double-digit gross maturation driven by continued spot successful our secular-growth-exposed extremity markets and improving conditions crossed the portfolio,” said Richard J. Tobin, President and CEO. “Bookings rates were fantabulous successful the quarter, with book-to-bill good supra 1 successful each 5 segments, underscoring the momentum crossed the portfolio and providing improved visibility and assurance to our forecast.”

For fiscal 2026, Dover guided for adjusted EPS betwixt $10.45 and $10.65, with a midpoint of $10.55, somewhat beneath the expert statement of $10.58.

The institution expects full-year gross maturation successful the scope of 5% to 7%, with integrated maturation projected astatine 3% to 5%.

Dover generated $191 cardinal successful operating currency travel during the quarter. It besides returned superior to shareholders done stock buybacks portion continuing to put successful capableness enlargement and operational ratio improvements.

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