Dover Edges Past Q1 Profit Forecast, Holds Guidanc…
From Financial Modeling Prep: 2025-04-24 17:09:00
Dover (NYSE:DOV) exceeded Q1 earnings expectations but slightly missed revenue forecasts. The company’s adjusted EPS was $2.05, beating estimates of $1.99. Revenue was $1.87 billion, just under the $1.88 billion forecast, with a 1% decline from last year. Organic revenue grew by 1%, led by the Pumps & Process Solutions segment.
The Pumps & Process Solutions segment drove Dover’s 6.5% organic growth, while other divisions like Engineered Products and Climate & Sustainability Technologies lagged. Despite the mixed results, Dover reaffirmed its full-year outlook, with adjusted EPS expected to be between $9.20 and $9.40 for 2025. Total revenue growth is projected to be 2% to 4% for the year.
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