Dover Corporation DOV has reported fourth-quarter 2025 adjusted earnings per share (EPS) from continuing operations of $2.51, beating the Zacks Consensus Estimate of $2.48. In the year-ago quarter, the company reported an adjusted EPS of $2.20.
On a reported basis, Dover has delivered earnings of $2.01 per share in the quarter, up 17% year over year.
Total revenues in the fourth quarter increased 8.8% year over year to $2.099 billion. The top line beat the Zacks Consensus Estimate of $2.068 billion. Organic growth grew 4.6% in the quarter.
DOV’s Margins Rose Y/Y in Q4
Cost of sales rose 8% year over year to $1.28 billion in the reported quarter. Gross profit rose 10% year over year to $821 million. The gross margin was 39.1% compared with the year-ago quarter’s 38.7%.
Selling, general and administrative expenses rose 5.5% to $475.5 million from the prior-year quarter. Adjusted EBITDA increased 11.7% year over year to $521 million. The adjusted EBITDA margin was 24.8% in the quarter compared with the prior-year quarter’s 24.2%.
Dover’s Q4 Segmental Performances
The Engineered Products segment’s revenues declined 4.3% year over year to $276 million in the quarter. The reported figure fell short of our expectation of $298 million. The segment’s adjusted EBITDA increased 4.6% year over year to $67.9 million. The figure beat our estimate of $64 million.
The Clean Energy & Fueling segment’s revenues were $552 million compared with the prior-year quarter’s $528 million. The figure missed our estimate of $573 million. The segment’s adjusted EBITDA was $115 million, up from the prior-year quarter’s $111 million. The figure missed our estimate of $128 million.
The Imaging & Identification segment’s revenues moved up 4.6% year over year to $302 million. The reported figure beat our projection of $294 million. The segment’s adjusted EBITDA was $83.6 million, up 1.5% from the year-ago quarter. The figure missed our estimate of $90 million.
The Pumps & Process Solutions segment’s revenues rose 21.8% year over year to $584 million in the fourth quarter and beat our estimate of $523 million. The adjusted EBITDA of the segment totaled $186.5 million, up 20.3% from the year-ago quarter’s $155 million. The reported figure was lower than our projection of $172 million.
The Climate & Sustainability Technologies segment’s revenues grew 11.4% to $387 million from $348 million in the year-earlier quarter. We had predicted revenues of $375 million for this segment. The segment’s adjusted EBITDA totaled $68 million compared with $52.6 million in fourth-quarter 2024. The figure lagged our estimate of $74.2 million.
DOV’s Bookings Rose Y/Y in Q4
Dover’s bookings at the end of the fourth quarter were worth $2.14 billion compared with the prior-year quarter’s $1.94 billion. Total bookings were higher than our estimate of $2.04 billion.
Dover’s Q4 Financial Position
The company generated a free cash flow of $487 million in the fourth quarter of 2025 compared with the year-ago quarter’s $385 million. The cash flow from operations amounted to $544 million in the quarter under review compared with the prior-year quarter’s $439 million.
DOV’s 2025 Performance
Dover has reported an adjusted EPS of $9.61 in 2025 compared with $8.29 in the prior year. Earnings beat the Zacks Consensus Estimate of $9.59. Including one-time items, the bottom line was at $7.97, down from $10.09 in 2024.
Sales rose 4% year over year to $8.09 billion from the prior-year figure of $7.75 billion. The top line beat the Zacks Consensus Estimate of $8.06 billion.
Dover’s 2026 Outlook
Dover expects adjusted EPS between $10.45 and $10.65 for 2026. It anticipates year-over-year revenue growth of 5-7%.
DOV Stock’s Price Performance
The company’s shares have gained 5.6% in the past year compared with the industry’s growth of 12%.
Image Source: Zacks Investment Research
Dover’s Zacks Rank
Dover currently has a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
DOV’s Peer Performances
Applied Industrial Technologies, Inc. AIT reported second-quarter fiscal 2026 (ended Dec. 31, 2025) earnings of $2.51 per share, which surpassed the Zacks Consensus Estimate of $2.48. The bottom line increased 4.6% year over year.
Applied Industrial’s revenues of $1.16 billion missed the consensus estimate of $1.17 billion. However, the top line increased 8.4% year over year.
Graco Inc.’s GGG fourth-quarter 2025 adjusted earnings of 77 cents per share came in line with the Zacks Consensus Estimate. The bottom line grew 20% year over year.
Graco’s revenues of $593.2 million surpassed the consensus estimate of $585 million. Also, the top line increased 8% year over year.
Manufacturing Stock Awaiting Results
Flowserve Corporation FLS is scheduled to release fourth-quarter 2025 results on Feb. 5. The Zacks Consensus Estimate for FLS’s fourth-quarter 2025 earnings is pegged at 94 cents per share, suggesting year-over-year growth of 34.3%
The Zacks Consensus Estimate for Flowserve Corp’s top line is pegged at $1.26 billion, indicating an increase of 6.7% from the prior year’s actual. FLS has a trailing four-quarter average surprise of 10.5%.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dover Corporation (DOV): Free Stock Analysis Report Flowserve Corporation (FLS): Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report Graco Inc. (GGG): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research