Dover Raises 2025 Outlook After Strong Q2 Results

Dover Corporation reported strong second-quarter results, with adjusted earnings per share of $2.44 exceeding analyst expectations and revenue rising 5.2% year-over-year to $2.05 billion. The company raised its profit forecast for the full year and 2025, projecting adjusted earnings of $9.35 to $9.55 per share, citing robust demand in aerospace, defense, and data centers, particularly for cooling systems supporting AI infrastructure. Net income slightly declined from the prior year due to discontinued operations, but operational execution and steady order momentum underpinned management's positive outlook. Bookings increased 7% over the previous year, contributing to a strong revenue backlog. Revenue growth was fueled by both acquisitions and organic expansion, with particularly strong performance in the U.S. market and mixed results in other regions. Management remains optimistic, based on continued demand for innovative industrial solutions and a solid acquisition strategy.