Dover Q1 2025 Earnings Report
Key Takeaways
Dover's Q1 2025 results reflected a stable operational quarter with a slight decline in revenue and GAAP earnings, but a strong increase in adjusted EPS and earnings from continuing operations driven by high-margin business mix and cost efficiencies.
Revenue slightly decreased year-over-year, down 1%, but grew 1% organically.
Adjusted EPS increased 19% to $2.05, showing strong underlying performance.
Net income declined 60% due to a prior-year gain on asset disposition.
Strong backlog and broad-based demand support a positive near-term outlook.
Dover
Dover
Dover Revenue by Segment
Forward Guidance
Dover forecasts full-year 2025 GAAP EPS between $8.04 and $8.24, with adjusted EPS projected at $9.20 to $9.40, supported by organic revenue growth of 2% to 4%.
Positive Outlook
- Backlog covers a majority of Q2 revenue
- Positive demand trends in key technology-focused markets
- Strong margin performance driven by high-margin platforms
- Proactive cost management supporting profitability
- Solid capital position for strategic deployment
Challenges Ahead
- Macroeconomic volatility may impact results
- Exposure to global supply chain constraints
- Currency and interest rate fluctuations pose risks
- Loss of prior-year gain affects comparability
- Weakness in Climate & Sustainability revenue
Revenue & Expenses
Visualization of income flow from segment revenue to net income