Q1 25 EPS
$2.05
BEAT +3.45%
Est. $1.98
Q1 25 Revenue
$1.87B
MISS 0.54%
Est. $1.88B
vs S&P Since Q1 25
+5.3%
BEATING MARKET
DOV +37.2% vs S&P +31.8%
Market Reaction
Did DOV Beat Earnings? Q1 2025 Results
Dover Corporation delivered a stronger-than-expected first quarter, posting adjusted EPS of $2.05 against a consensus estimate of $1.98, a beat of 3.45%, even as revenue of $1.87 billion came in just 0.54% below expectations and edged down 0.9% year-… Read more Dover Corporation delivered a stronger-than-expected first quarter, posting adjusted EPS of $2.05 against a consensus estimate of $1.98, a beat of 3.45%, even as revenue of $1.87 billion came in just 0.54% below expectations and edged down 0.9% year-over-year. The headline earnings story was powered by exceptional margin expansion, with total segment earnings margin widening to 22.0% from 19.7% a year ago, driven by favorable mix from high-margin growth platforms and disciplined cost management. On an adjusted basis, earnings from continuing operations climbed 18% year-over-year, offering a cleaner read on performance than the GAAP comparison, which was distorted by a $529.94 million gain on a prior-year asset disposition. Pumps and Process Solutions led the way with 6.5% organic revenue growth and a segment margin of 30.6%. Looking ahead, Dover maintained its full-year 2025 guidance for adjusted EPS of $9.20 to $9.40 and revenue growth of 2% to 4%, with CEO Richard Tobin citing favorable book-to-bill ratios across all five segments and a majority of Q2 revenue already secured in backlog.
Key Takeaways
- • Favorable book-to-bill across all five segments
- • Strength in secular-growth-exposed markets: single-use biopharma components, thermal connectors, and CO2 systems
- • Positive mix impact from high-margin, high-growth platforms
- • Proactive cost management and productivity actions
- • Exceptional margin performance with total segment earnings margin at 22.0% vs. 19.7% prior year
- • Organic revenue growth of 1% despite FX and disposition headwinds
DOV YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
DOV Revenue by Segment
With YoY comparisons, source: SEC Filings
“Dover's first quarter results were encouraging, with favorable book-to-bill across all five segments and growing momentum throughout the quarter providing support for our near-term outlook.”
— Richard J. Tobin, Q1 2025 Earnings Press Release
DOV Earnings Trends
DOV vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
DOV EPS Trend
Earnings per share: estimate vs actual
DOV Revenue Trend
Quarterly revenue: estimate vs actual
DOV Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $2.28 | — | $2.05B | +2.51% |
| Q4 25 BEAT FY | $2.49 | $2.51 | +0.80% | $2.10B | +0.68% |
| FY Full Year | $9.57 | $9.61 | +0.37% | $8.09B | +0.18% |
| Q3 25 BEAT | $2.51 | $2.62 | +4.52% | $2.08B | -1.50% |
| Q2 25 BEAT | $2.39 | $2.44 | +2.07% | $2.05B | +0.46% |
| Q1 25 BEAT | $1.98 | $2.05 | +3.45% | $1.87B | -0.54% |