Strong Quarterly Performance
Dover reported a strong Q2 2025 with top line performance accelerating due to broad-based shipment growth and outperformance in secular growth exposed end markets. Order trends showed positive momentum, up 7% year-over-year.
Record Adjusted Segment EBITDA Margins
Margin performance was exemplary with record adjusted segment EBITDA margins above 25%, driven by prior period portfolio actions and rigorous cost containment and productivity actions.
Adjusted EPS Increase
Adjusted EPS was up 16% in the quarter, reflecting strong operational results and capital deployment actions.
Acquisitions in High-Priority Segments
Dover completed two acquisitions in the high-priority Pumps & Process Solutions segment, focusing on fast-growing assets.
Full-Year EPS Guidance Raised
Dover raised its full-year adjusted EPS guidance to $9.35 to $9.55, an increase of 14% at the midpoint.
Cash Flow and Capital Investment
Year-to-date free cash flow was $261 million or 7% of revenue, with expectations for cash flow generation to accelerate in the second half of the year.