Dover Edges Past Q1 Profit Forecast, Holds Guidance Despite Revenue Dip

Dover (NYSE:DOV) delivered first-quarter earnings that came in ahead of expectations, even as revenue slightly missed forecasts. The company reaffirmed its full-year outlook, signaling confidence in its long-term growth despite a mixed quarterly performance.

Adjusted earnings per share reached $2.05, exceeding the consensus estimate of $1.99. Revenue came in at $1.87 billion, just under the $1.88 billion forecast, and marked a 1% decline compared to the same period last year. However, organic revenue rose by 1%, pointing to some underlying growth.

The strongest results came from Dover’s Pumps & Process Solutions segment, which posted 6.5% organic growth. However, this was offset by weaker performances in the Engineered Products and Climate & Sustainability Technologies divisions.

Despite the revenue shortfall, the company maintained its full-year 2025 guidance for adjusted EPS between $9.20 and $9.40, in line with analyst expectations. It continues to anticipate total revenue growth of 2% to 4% for the year.