NYSE$DOV

Dover Corp · Q1 2025 earnings

Q1 2025 earnings · · Before market open · Investor relations

Briefing

Dover reported Q1 2025 revenue of $1.87B with net earnings of $231M and diluted EPS of $1.67.

Revenue was $1.87 billion for the quarter ended March 31, 2025, roughly flat year over year as engineered products demand normalized. Net earnings were $231 million; diluted EPS was $1.67 versus elevated prior-year levels that included large one-time items. Bookings and backlog in clean energy and pumps remain focus areas.

  • Q1 revenue $1.87B; net earnings $231M.
  • Diluted EPS $1.67 after prior-year non-recurring gains.
  • Engineered products and climate/sustainability investments support growth.
  • Industrial demand and FX remain quarterly swing factors.

Headline financials

Total Revenue

$1.87B

Previous: $2.09B-10.9%
EPS (adj)

$1.67

Previous: $1.95-14.4%
Adj. Earnings Cont. Ops

$283M

No prior period
Bookings

$1.99B

No prior period
Adj. Segment EBITDA

$448M

No prior period
Capital Expenditures

-$48.2M

Previous: -$44.5M-8.4%
Net Income

$231M

Previous: $632M-63.5%
Operating Income

$296M

Previous: $294M+0.7%
Gross Profit

$746M

Previous: $757M-1.6%
R&D Expense

$37.5M

Previous: $40.1M-6.5%

Revenue & EPS history

Dover · Revenue · Quarterly

$1.87B

Q1 2025-10.9%vs Q1 2024
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

Dover · $2.15B total across 5 segments · Q3 2023

  • Engineered Products
    $504M-2.4%
  • Climate & Sustainability Tech
    $476M+2.9%
  • Clean Energy & Fueling
    $467M+0.6%
  • Pumps & Process Solutions
    $431M-0.5%
  • Imaging & Identification
    $276M-2.2%

Forward guidance

The quarterly filing discusses operating priorities, liquidity, and sector-specific risks.

Tailwinds

  • Management outlines strategic priorities and capital allocation.
  • Segment commentary supports the earnings narrative.

Headwinds

  • Macro, rates, or input costs may pressure margins.
  • One-time items can affect year-over-year comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+0.9%

Avg return

Earnings day

+2.2%

Avg return

5 days after

+3.7%

Avg return

30 days after

58%

41 / 71 earnings

Positive

+12.1%

Q4 2018

Best reaction

-8.1%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+6.3%+3.7%-2.9%
Q4 2025-3.4%+2.7%+9.5%
Q3 2025+8.2%+7.2%+9.5%
Q2 2025-1.9%-1.7%-5.4%
Q1 2025+2.0%+2.3%+6.9%
Q4 2024+4.1%+2.8%+0.7%
Q3 2024-2.5%+0.1%+6.8%
Q2 2024+5.0%+4.6%+4.7%
Q1 2024+5.1%+4.6%+7.4%
Q4 2023+6.0%+7.4%+11.7%
Q3 2023-2.8%-4.1%+3.5%
Q2 2023-3.5%-4.2%-7.1%
Q1 2023-0.6%+0.7%-5.8%
Q4 2022+9.3%+11.4%+5.6%
Q3 2022+2.9%+4.9%+14.9%
Q2 2022+2.3%+1.2%+9.7%
Q1 2022-8.1%-10.6%-15.9%
Q4 2021-1.7%-0.1%-6.4%
Q3 2021+1.2%+1.5%+5.9%
Q2 2021+8.0%+8.1%+13.5%
Q1 2021+6.0%+5.5%+5.4%
Q4 2020-2.1%+0.3%+3.6%
Q3 2020+0.9%+3.1%+10.6%
Q2 2020+2.2%+2.7%+6.2%
Q1 2020+0.4%+5.8%+5.7%
Q4 2019-2.2%+0.1%-11.7%
Q3 2019+6.7%+8.7%+14.2%
Q4 2018+12.1%+10.6%+14.2%
Q3 2018+0.2%+0.5%+6.6%
Q2 2018+8.2%+6.8%+13.2%
Q1 2018-1.5%-4.6%+4.1%
Q4 2017+2.4%-0.4%-5.6%
Q3 2017+1.5%+2.5%+0.7%
Q2 2017-2.7%-1.1%-1.6%
Q1 2017+0.1%+2.5%+4.9%
Q4 2016-2.1%-4.6%-1.7%
Q3 2016+1.0%+2.1%+3.9%
Q2 2016-2.4%-1.0%+1.8%
Q1 2016-0.7%
Q4 2015+4.2%
Q3 2015+7.2%
Q2 2015-2.6%
Q1 2015-1.5%
Q4 2014-3.3%
Q3 2014+3.4%
Q2 2014-0.3%
Q1 2014+3.2%
Q4 2013-3.5%
Q3 2013+0.7%
Q2 2013+6.1%
Q1 2013-5.0%
Q4 2012-2.0%
Q3 2012+1.3%
Q2 2012+4.6%
Q1 2012-4.1%
Q4 2010+1.0%
Q4 2011+1.0%
Q3 2011+0.4%
Q2 2011+0.4%
Q1 2011+3.4%
Q3 2010-2.5%
Q2 2010+5.4%
Q1 2009+6.7%
Q1 2010-0.3%
Q4 2009+1.2%
Q4 2007+1.2%
Q3 2009-3.8%
Q3 2008-3.8%
Q4 2008-5.5%
Q2 2009-5.5%
Q2 2008-5.5%

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