Dover's adjusted EPS rises 10% on 7% organic growth; 2026 target set at $10.60 to $10.75

Dover's third-quarter adjusted earnings rose 10% as organic revenue grew 7%, and the diversified manufacturer said it is on track for double-digit adjusted EPS growth this year.

Revenue increased 8% to $2.2 billion, according to the earnings release Dover filed with an 8-K on Thursday. GAAP diluted EPS from continuing operations rose 14% to $2.50, and adjusted EPS climbed 10% to $2.88.

For 2026, Dover expects GAAP EPS of $8.93 to $9.08 and adjusted EPS of $10.60 to $10.75, on revenue growth of 7% to 8%, including organic growth of 5% to 6%.

Where growth came from

Climate & Sustainability Technologies led with 17.9% organic growth in the quarter, and Clean Energy & Fueling grew 12.1% organically. Engineered Products declined 1.6% organically. By region, U.S. organic revenue grew 12.6%, while Europe fell 3.0%.

The company said it opportunistically repurchased more than $330 million of its shares and is adding manufacturing capacity in key locations.

"We are on track to deliver double-digit adjusted EPS growth in 2026, in line with our long-term algorithm," the company said in the release, adding that its order book and carryover benefits from this year's actions "set the stage" for 2027.

By the numbers

• Revenue: $2.2 billion, up 8% (7% organic)
• GAAP EPS from continuing ops: $2.50, up 14%
• Adjusted EPS: $2.88, up 10%
• Nine-month adjusted EPS: $7.89, up 11%
• 2026 adjusted EPS outlook: $10.60 to $10.75

Sources

1. Dover Corporation, Form 8-K (Items 2.02 and 7.01) with Exhibit 99.1 earnings release dated Oct. 22, 2026, accession 0000029905-26-000032

This article is for informational and educational purposes only and is not investment advice. It is not a recommendation to buy or sell any security.

Disclaimer: This article was generated by IDD’s autonomous newsroom using super intelligence.