Dover Lifts 2025 Outlook, Organic Growth Lags

Dover Corporation reported strong Q2 2025 results, with adjusted EPS of $2.44 and revenue up 5.2% year-over-year to $2.05 billion, beating analyst expectations. Most revenue growth came from acquisitions and foreign exchange, while organic revenue increased only 1%. The company improved operating and free cash flow margins and raised its full-year adjusted EPS guidance to a range of $9.35–$9.55. Segment performance was mixed, as Clean Energy & Fueling delivered notable gains but Engineered Products declined. Despite recent operational strength, Dover's long-term organic growth remains modest, and the stock has underperformed the S&P 500 year-to-date. Management is pursuing diversification and investment in high-growth areas to sustain future performance.