Dover Corporation (NYSE:DOV) reported first-quarter results that exceeded analyst expectations, with shares rising 4% in pre-market trading following the announcement.
The company posted adjusted earnings per share of $2.28, slightly above the consensus estimate of $2.27. Revenue totaled $2.05 billion, surpassing the $2.0 billion forecast and increasing 10% from $1.87 billion in the prior-year period.
Organic revenue growth was 5%, driven by strength in end markets benefiting from long-term secular trends, as well as improving conditions across its business portfolio.
All five of Dover’s business segments reported book-to-bill ratios above one, indicating strong demand and order momentum.
For fiscal 2026, the company guided adjusted earnings per share to a range of $10.45 to $10.65. The midpoint of $10.55 was slightly below the analyst consensus of $10.58. Dover also projected total revenue growth of 5% to 7%, including organic growth of 3% to 5%.