Dover Q1 revenue rises 10%, beats estimates

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

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

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