Dover Corp.

**Performance Highlights**: Dover's third quarter 2024 performance slightly exceeded internal forecasts, driven by strong top-line growth across various segments. Revenue organically increased 5%, and adjusted EPS from continuing operations rose 6% to $2.27. The segment margin reached an all-time high of 22.6%, indicating strong profitability across the portfolio.

**Outlook for 2025**: Management has a positive outlook heading into 2025, projecting organic growth of 3% to 5%. Several segments, such as biopharma components, thermal connectors, and CO2 systems, are expected to sustain their growth trajectories, while the long-cycle pressures in other areas are anticipated to stabilize. Notably, a significant $300 million headwind from cyclical businesses is projected to lessen in 2025.

**Divestitures and Capital Deployment**: The divestiture of the Environmental Solutions Group has increased Dover's capital deployment capacity and liquidity, providing up to $25 million in restructuring benefits going into the next year. The firm is open to pursuing M&A opportunities, and the current market environment is seen as favorable for such activities.