Dover Q4 revenue rises 9%, slightly beats estimates

Overview

• Diversified manufacturer's Q4 revenue rose 9%, slightly beating analyst expectations

• Adjusted EPS from continuing operations increased 14% yr/yr

• Company initiated accelerated share repurchase in November

Outlook

• Dover expects 2026 GAAP EPS between $8.95 and $9.15

• Company forecasts 2026 adjusted EPS of $10.45 to $10.65

• Dover anticipates 2026 revenue growth of 5% to 7%

Result Drivers

• STRONG REVENUE GROWTH - Dover's Q4 revenue growth was driven by robust trends in secular-growth-exposed markets and improvements in retail fueling and refrigerated door cases

• MARGIN IMPROVEMENTS - Margins improved due to volume leverage and productivity initiatives, with restructuring benefits expected to support future margins

• CAPITAL ALLOCATION - Acquisitions and share repurchases supported operational results, with acquisitions performing above expectations

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "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 $222.50, about 8% above its January 28 closing price of $206.00

• The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release: ID:nPnwXMsYa

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