- Adjusted earnings from Dover Corporation (DOV, Financial) in Q1 2025 increased by 18% to $283 million.
- Adjusted diluted EPS grew by 19% to $2.05, while GAAP earnings decreased by 60% due to a prior-year gain.
- Dover forecasts revenue growth of 2-4% for the entire year of 2025.
Dover Corporation (DOV), a global manufacturer, reported its first quarter financial results for 2025, indicating a slight decline in reported revenue, but significant growth in adjusted earnings. The reported revenue was $1.9 billion, marking a 1% decrease from the previous year's first quarter. However, organic growth was recorded at 1%, demonstrating operational resilience amidst overall revenue decline.
The company's adjusted earnings from continuing operations escalated by 18% to $283 million, while the adjusted diluted earnings per share (EPS) increased by 19% year-over-year, reaching $2.05. This growth was offset by a 60% decline in GAAP earnings from continuing operations, which fell to $239 million. The substantial decrease was attributed to a prior-year gain from the disposition of De-Sta-Co that did not recur in the current period.
Dover's favorable book-to-bill ratios and strong performance in segments like single-use biopharma components, thermal connectors, and CO2 systems contributed to its robust financial position. Management maintains a positive outlook for the year, projecting a 2-4% increase in revenue for 2025, both all-in and organic, and offering an adjusted EPS guidance range of $9.20 to $9.40.
With a majority of its second-quarter revenue already accounted for in backlog, Dover continues to demonstrate strong execution and expects sustained growth through strategic operational management and leveraging its high-margin, high-growth platforms.
