Dover Q1 revenue rises 10%, beats estimates

Dover

23/04/2026 12:03

Overview

US diversified manufacturer reported Q1 revenue up 10% yr/yr, beating analyst expectations

Adjusted EPS for Q1 rose 11% yr/yr

Company cites broad-based demand and strong bookings across all segments

Outlook

Dover expects 2026 GAAP EPS between $8.92 and $9.12

Company sees 2026 adjusted EPS of $10.45 to $10.65

Dover projects full-year revenue growth of 5% to 7%, organic growth of 3% to 5%

Result Drivers

END MARKET STRENGTH - Co said double-digit revenue growth was driven by continued strength in secular-growth-exposed end markets and improving conditions across the portfolio

BROAD-BASED EXECUTION - Management said performance in the quarter was broad-based, reflecting solid execution by teams and healthy underlying demand

STRONG BOOKINGS - Co reported excellent bookings rates with book-to-bill well above one in all five segments, supporting momentum across the portfolio

Company press release: ID:nPn4k0z9Za

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$2.05 bln
$2.003 bln (15 Analysts)
Q1 Adj EPS from cont ops
$2.28
Q1 EPS from cont ops
$1.76


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the industrial machinery & equipment peer group is "buy"

Wall Street's median 12-month price target for Dover Corp is $237.00, about 9.6% above its April 22 closing price of $216.17

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 19 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)