Dover lifts 2026 adjusted EPS floor to USD 10.60 on strong bookings
Dover Corporation raised its 2026 adjusted EPS guidance floor to USD 10.60 from a prior low of USD 10.55, after third-quarter bookings grew 16% year on year to USD 2.31bn and exceeded shipments in all five segments. The industrial group lifted its organic-growth floor to 5% from 4% and its revenue-growth floor to 7% from 6%, while trimming its GAAP EPS range to USD 8.93-9.08.
Why this mattersBookings running ahead of shipments in all five Dover segments point to firming demand for industrial capital equipment into 2027.
- Adjusted EPS guidance for 2026 raised to USD 10.60-10.75, up 5 cents at the floor from July
- Organic-growth forecast raised to 5%-6% from 4%-6%, total-revenue range raised to 7%-8% from 6%-8%
- GAAP EPS range for 2026 cut to USD 8.93-9.08 from USD 8.94-9.14
- Third-quarter revenue reached USD 2.23bn, up 8% year on year, with 7% organic growth
- Adjusted diluted EPS rose 10% to USD 2.88 in the third quarter
- Bookings rose about 16% to USD 2.31bn from USD 2.00bn a year earlier, exceeding shipments in all five segments
Sources
econotimes.com