DOVER Corp SEC 10-Q Report

DOVER Corp, a diversified global manufacturer delivering innovative equipment and components, specialty systems, consumable supplies, software and digital solutions, and support services, has released its Form 10-Q report for the third quarter. The report provides a comprehensive overview of the company's financial and operational performance, showcasing growth in key segments and outlining future business strategies.

Financial Highlights

Revenue: $2,049.6 million, increased by 5.2% from the prior year comparable quarter driven by acquisition-related growth and favorable foreign currency translation.

Gross Profit: $818.3 million, increased by 8.7% with a gross profit margin of 39.9%, up 130 basis points due to productivity initiatives and favorable portfolio mix.

Operating Earnings: $354.6 million, increased by 9.6% reflecting improved operational efficiency.

Net Earnings: $279.1 million, slightly decreased by 1.0% compared to the prior year due to losses from discontinued operations.

Diluted EPS: $2.02, increased by 14.0% from the prior year, reflecting strong performance in continuing operations.

Business Highlights

Revenue Segments

The Clean Energy & Fueling segment experienced significant growth, driven by acquisitions and organic growth, contributing to an 8.0% increase in revenue. The Pumps & Process Solutions segment also saw a 3.9% increase in revenue, supported by acquisitions and organic growth.

Geographical Performance

The U.S. market, the largest for Dover, saw a 3.9% increase in organic revenue, primarily due to strong performance in the Clean Energy & Fueling and Pumps & Process Solutions segments. Europe experienced a slight increase of 0.2% in organic revenue, while Other Americas and Asia saw declines of 19.3% and 0.6%, respectively.

Sales Units

There was a notable increase in bookings, which rose by $131.2 million or 7.0% compared to the previous year, driven by strong demand in the Clean Energy & Fueling and Pumps & Process Solutions segments.

Future Outlook

Management anticipates continued growth in the Clean Energy & Fueling and Pumps & Process Solutions segments, supported by recent acquisitions and ongoing demand for innovative solutions. The company plans to focus on productivity initiatives and restructuring actions to enhance operational efficiency and profitability.

SEC Filing: DOVER Corp [ DOV ] - 10-Q - Jul. 24, 2025