Dover Corporation has reported its financial results for the second quarter ending June 30, 2025. The company achieved revenue of $2.0 billion, marking a 5% increase compared to the same period the previous year, with a 1% organic growth. On a GAAP basis, earnings from continuing operations rose 14% to $280 million, while GAAP diluted earnings per share $(EPS)$ from continuing operations also increased by 14% to $2.03. For the six months ended June 30, 2025, Dover's revenue reached $3.9 billion, a 2% increase from the previous year, including a 1% organic growth. However, GAAP earnings from continuing operations for the six-month period fell by 39% to $519 million, primarily due to the gain on the disposition of De-Sta-Co in the comparable period of the prior year. On an adjusted basis, earnings from continuing operations for the quarter were $337 million, up 16%, and adjusted diluted EPS was $2.44, a 16% increase. For the first half of 2025, adjusted earnings from continuing operations increased by 17% to $620 million, with adjusted diluted EPS rising 18% to $4.49. Dover's President and CEO, Richard J. Tobin, commented on the solid second quarter results, highlighting excellent production performance and execution despite a dynamic global trading environment. The company noted broad-based shipment growth and continued strength in its secular-growth-exposed end markets, with positive order trends bolstering confidence in the outlook for the second half of the year. Most of the third-quarter revenue is already secured in the backlog, suggesting a positive momentum moving forward.
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