Dover Corp Reports First-Quarter Earnings
Dover Corp, a diversified global manufacturer of industrial products and equipment, has released its first-quarter earnings report. Key highlights from the report include:
- GAAP earnings from continuing operations totaled $239 million, or $1.73 per share, for the quarter.
- This represents a 60% decrease in earnings compared to the same period last year, when GAAP earnings from continuing operations were $602 million, or $4.30 per share.
- Excluding items, Dover reported adjusted earnings of $283 million or $2.05 per share for the quarter.
Revenue for the period fell 1% year-over-year, with the company citing a decline in demand for certain products.
Guidance for 2025
Dover has provided guidance for the full year 2025, expecting:
- GAAP EPS from continuing operations in the range of $8.04 to $8.24.
- Adjusted EPS from continuing operations of $9.20 to $9.40, based on full-year revenue growth of 2% to 4%.
Key Metrics
- Revenue growth: 2% to 4%
- GAAP EPS from continuing operations: $8.04 to $8.24
- Adjusted EPS from continuing operations: $9.20 to $9.40