DOV · Dover Corporation

Dover Corporation delivered strong Q1 2026 results with revenue of $2.1 billion, reflecting 10% reported growth including 5% organic expansion, driven by broad-based performance across all five segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions, and Climate & Sustainability Technologies. GAAP earnings from continuing operations held steady at $239 million while adjusted earnings rose 9% to $309 million, with adjusted diluted EPS increasing 11% to $2.28, benefiting from operational execution amid improving market conditions. CEO Richard J. Tobin highlighted double-digit revenue growth from secular-growth end markets, excellent bookings with book-to-bill above 1.0 in every segment, and healthy demand providing visibility into the outlook. The company maintained a strong balance sheet, executing opportunistic share repurchases, high-ROI capacity expansions, and productivity investments while keeping an active acquisition pipeline amid rising industrial M&A activity. Full-year 2026 guidance projects 5-7% revenue growth (3-5% organic) and adjusted EPS of $10.45-$10.65, underscoring commitment to double-digit EPS growth at the midpoint. An investor conference call was held on April 23, 2026, at 9:30 a.m. ET to discuss these results.