Dover Corp.

Strong Q1 Performance: Dover Corporation reported a 19% year-over-year increase in adjusted EPS, driven by effective cost management, positive pricing dynamics, and strong margin expansion. Adjusted EBITDA margin hit a record 24%, with four of five segments achieving over 100 basis points of margin growth compared to the previous year.

Organic Bookings Growth: The company experienced its sixth consecutive quarter of organic bookings growth, maintaining a book-to-bill ratio above one across all segments. However, the forecast for bookings growth in Q2 may face challenges due to potential volume drifts resulting from the ongoing tariff negotiations.

Adjusted Full-Year Guidance: The company modestly reduced its revenue and EPS guidance for the full year by approximately 1% due to uncertainties surrounding demand in the latter half of 2025 stemming from tariffs. The adjustments reflected a more cautious outlook, although Q2 is expected to perform in line with prior forecasts based on strong backlog levels.