•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Dover (NYSE: DOV) reported financial results for the first quarter ended March 31, 2026. Unless otherwise noted, comparisons are to the comparable period of the prior fiscal year.
For the quarter, Dover generated revenue of $2.1 billion, up 10% year over year (+5% organic). GAAP earnings from continuing operations were $239 million, and GAAP diluted EPS from continuing operations was $1.76, up 2%. On an adjusted basis, earnings from continuing operations were $309 million, up 9%, and adjusted diluted EPS from continuing operations was $2.28, up 11%.
Dover President and Chief Executive Officer Richard J. Tobin said the company delivered a “solid start to the year,” citing double-digit revenue growth driven by strength in end markets exposed to secular growth and improving conditions across the portfolio. He said performance in the quarter was broad-based, with “bookings rates” described as excellent and “book-to-bill well above one in all five segments,” supporting momentum and improved visibility for the company’s forecast.
Tobin also said Dover’s balance sheet remains strong and provides flexibility to deploy capital for long-term value creation. During the quarter, the company returned capital to shareholders through opportunistic share repurchases, while investing in high-ROI capacity expansions and productivity initiatives. He added that Dover’s acquisition pipeline remains active as industrial M&A activity picks up, and that the company remains disciplined in capital deployment focused on strategic fit and accretive financial returns.
He further stated that, despite a complicated global macroeconomic environment, Dover is positioned to drive value creation based on the strength of its order books, business model flexibility, operational execution, and strong liquidity. Dover said it remains committed to delivering double-digit adjusted EPS growth at the midpoint of its 2026 guidance range.
Dover expects full-year 2026 GAAP EPS in the range of $8.92 to $9.12, and adjusted EPS of $10.45 to $10.65. The company forecasts full-year revenue growth of 5% to 7% (organic growth of 3% to 5%).
Dover will host a webcast and conference call to discuss its first quarter results at 9:30 A.M. Eastern Time (8:30 A.M. Central Time) on Thursday, April 23, 2026. The webcast will be available on the Dover website, and the conference call will also be available for replay.
Dover is a diversified global manufacturer and solutions provider with annual revenue of over $8 billion. The company delivers equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products; Clean Energy & Fueling; Imaging & Identification; Pumps & Process Solutions; and Climate & Sustainability Technologies.
Dover said it has approximately 24,000 employees and is headquartered in Downers Grove, Illinois. The company trades on the New York Stock Exchange under “DOV.”
The press release includes forward-looking statements under the Private Securities Litigation Reform Act of 1995. Dover said such statements are subject to risks and uncertainties that could cause actual results to differ materially from expectations, including general economic conditions, supply chain and labor constraints, inflation in input costs and freight logistics, impacts of disasters and geopolitical events, changes in customer demand and capital spending, competitive factors and pricing pressures, product development and launch risks, changes in laws and trade policy, acquisition integration and synergy realization, interest rate and currency fluctuations, and risks related to legal compliance, litigation, cybersecurity, privacy, and intellectual property.
Dover noted that it refers readers to filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2025, and Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. The company said it undertakes no obligation to publicly update forward-looking statements.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
