Dover Reports Strong Third Quarter Results

DOWNERS GROVE, Ill., Oct. 22, 2026 /CourierPR/ -- Dover, a diversified global manufacturer, reported strong financial results for the third quarter ended September 30, 2026. The company generated revenue of $2.2 billion, marking an 8% increase from the same period in the previous year, with organic growth at 7%. GAAP earnings from continuing operations stood at $337 million, up 11% year-over-year, while GAAP diluted earnings per share from continuing operations reached $2.50, a 14% increase. On an adjusted basis, earnings from continuing operations were $388 million, growing 7%, and adjusted diluted earnings per share from continuing operations were $2.88, up 10%.

For the nine months ended September 30, 2026, Dover's revenue increased to $6.5 billion, a 8% rise from the comparable period in the previous fiscal year, with organic growth at 6%. GAAP earnings from continuing operations were $888 million, up 8%, and GAAP diluted earnings per share from continuing operations were $6.56, a 10% increase. On an adjusted basis, earnings from continuing operations were $1.1 billion, growing 9%, and adjusted diluted earnings per share from continuing operations were $7.89, up 11%.

Order performance was a highlight, consistent with the trend seen throughout the year. Bookings increased across all five segments and again outpaced shipments, reinforcing the company's confidence in the forecast. Notably, a significant portion of the backlog is scheduled for delivery in 2027, giving Dover a solid foundation heading into next year.

The company remained active in capital deployment. Dover continued to invest behind greenfield expansions in high-growth end markets, along with productivity and footprint optimization projects. During the quarter, the company announced two bolt-on acquisitions that expand its capabilities in attractive markets and add manufacturing capacity in key strategic locations. Additionally, Dover opportunistically repurchased over $330 million of its shares.

For the full year 2026, Dover expects to generate GAAP earnings per share in the range of $8.93 to $9.08 (adjusted EPS of $10.60 to $10.75), based on full-year revenue growth of 7% to 8% (organic growth of 5% to 6%).

Dover will host a webcast and conference call to discuss its third quarter results at 9:30 A.M. Eastern Time (8:30 A.M. Central Time) on Thursday, October 22, 2026. The webcast can be accessed on the Dover website at dovercorporation.com. The conference call will also be made available for replay on the website.

Dover, headquartered in Downers Grove, Illinois, is recognized for its entrepreneurial approach for over 70 years. The company, with approximately 24,000 employees, takes an ownership mindset, collaborating with customers to redefine what's possible.