Financial Data and Key Metrics Changes - Dover's second quarter results showed strong performance with a 16% increase in adjusted EPS and record adjusted segment EBITDA margins above 25% [6][7][8] - Year-to-date free cash flow was $261 million, representing 7% of revenue, up $41 million from the previous year [12][13] - The company raised its full-year adjusted EPS guidance to $9.35 to $9.55, reflecting a 14% increase at the midpoint [8] Business Line Data and Key Metrics Changes - Engineered Products revenue decreased due to lower volumes in vehicle services, although sentiment improved towards the end of the quarter [9] - Clean Energy and Fueling revenue increased by 8%, driven by strong shipments in fluid transport and North American retail fueling software [9] - Imaging and ID segment remained stable with 28% adjusted EBITDA margins, supported by cost management actions [10] - Pumps and Process Solutions saw a 4% organic growth, particularly in single-use biopharma components and thermal connectors [10] - Climate Sustainability revenue declined due to lower food retail case volumes, but heat exchangers showed record shipments in North America [11] Market Data and Key Metrics Changes - Consolidated bookings were up 7% year-over-year, indicating positive momentum across all five segments [14][15] - The company noted strong order trends in July, suggesting a healthy demand outlook for the second half of the year [6][8] Company Strategy and Development Direction - The company is focusing on high ROI organic capital projects, including productivity and capacity expansion, while also pursuing acquisitions in high-growth areas [7][8] - Dover is prioritizing investments in clean energy components and biopharma, which are expected to drive double-digit growth [16][17] - The management emphasized the importance of maintaining a balanced portfolio and exiting lower-margin businesses to enhance overall profitability [97] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the second half outlook, citing healthy underlying demand despite macroeconomic uncertainties [8] - The company is optimistic about maintaining margin performance and expects to see continued benefits from restructuring and productivity initiatives [20][21] - Management acknowledged some challenges in specific segments, particularly refrigeration, but remains positive about overall growth prospects [30][31] Other Important Information - The company completed two acquisitions in the Pumps and Process Solutions segment, enhancing its growth platforms [8] - Dover's balance sheet strength provides flexibility for capital deployment and strategic investments [8] Q&A Session Summary Question: Can you provide context on the trajectory through the quarter and expectations for the second half? - Management noted that margin performance exceeded expectations, with some segments experiencing lighter volume but overall bookings momentum remains strong [30][32] Question: What are the competitive dynamics in the market? - Management indicated that they are in a strong position regarding pricing and cost management, competing effectively against smaller competitors [40][41] Question: Can you clarify the impact of tariffs on orders? - Management reported more pushouts than pull forwards in orders, particularly in refrigeration, due to macroeconomic pressures [74][75] Question: What is the outlook for pricing in the Climate Sustainability segment? - Management acknowledged that pricing in this segment is currently under pressure but expects improvements as demand recovers [61][64] Question: How does the company view M&A opportunities? - Management confirmed they have several potential M&A deals in the pipeline, with a focus on proprietary opportunities rather than auctions [129][130]

Financial Data and Key Metrics Changes - Dover's second quarter results showed strong performance with a 16% increase in adjusted EPS and record adjusted segment EBITDA margins above 25% [6][7] - Year-to-date free cash flow was $261 million, representing 7% of revenue, up $41 million from the prior year [12][13] - The company raised its full-year adjusted EPS guidance to $9.35 to $9.55, reflecting a 14% increase at the midpoint [7] Business Line Data and Key Metrics Changes - Engineered Products revenue decreased due to lower volumes in vehicle services, although sentiment improved towards the end of the quarter [8] - Clean Energy and Fueling revenue increased by 8%, driven by strong shipments in fluid transport and North American retail fueling software [8] - Imaging and ID segment remained stable with 28% adjusted EBITDA margins, supported by cost management actions [9] - Pumps and Process Solutions revenue grew 4% organically, with double-digit growth in single-use biopharma components [10] - Climate Sustainability revenue declined due to comparative declines in food retail cases, although CO2 systems saw record quarterly volumes [11] Market Data and Key Metrics Changes - Consolidated bookings were up 7% year-over-year, with strong order trends across all five segments [14][15] - The company noted healthy underlying end market demand, supported by sustained order rates [7][15] Company Strategy and Development Direction - The company is focusing on high ROI organic capital projects, including productivity and capacity expansion [6][7] - Significant investments are being made in high-growth, high-margin areas, particularly in clean energy and biopharma components [15][16] - The company is actively pursuing acquisitions to expand its business in priority segments, having completed two acquisitions in the Pumps and Process Solutions segment [7][16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the second half outlook, citing positive order trends and healthy demand despite macroeconomic uncertainties [5][7] - The company anticipates cash flow generation to accelerate in the second half of the year, aligning with historical trends [12][13] - Management acknowledged some challenges in specific segments, particularly refrigeration, but remains optimistic about overall performance [30][44] Other Important Information - The company is implementing restructuring actions expected to yield at least $30 million in savings this year, with potential for greater benefits in 2026 [19][88] - Management highlighted the importance of maintaining a balance between growth and productivity investments, particularly in light of macroeconomic conditions [17][18] Q&A Session Summary Question: Can you provide context on the trajectory through the quarter and expectations for the second half? - Management noted that margin performance was slightly above expectations, with some volume softness in cryogenic components and refrigeration [29][30] Question: What are the competitive dynamics in the market? - Management indicated a positive pricing position and the ability to manage input costs effectively against smaller competitors [39][40] Question: How do you see the impact of tariffs on orders? - Management reported more pushouts than pull forwards in orders, particularly in refrigeration [73][75] Question: Can you discuss the growth opportunities in data centers? - Management confirmed strong growth rates in thermal connectors and expressed confidence in capturing market share in the data center build-out [78][79] Question: What is the outlook for M&A activity? - Management stated that there are several potential M&A opportunities in the pipeline, with a focus on proprietary deals [131][132] Question: What is the expected organic growth rate for the portfolio? - Management indicated that while some segments may not grow, the overall strategy is to drive value through margin improvements and selective exits from lower-performing areas [135][138]

Q2 2025 Financial Performance - All-in revenue increased by 5% year-over-year[6], driven by a 1% organic growth and contributions from acquisitions (+3%) and foreign exchange (+1%)[6] - Bookings increased by 7% year-over-year[5], with a year-to-date book-to-bill ratio of 1.02[6] - Adjusted Segment EBITDA margin reached 25%, a 110 bps increase year-over-year[5], with Adjusted Segment EBITDA up $47 million, a 10% increase[6] - Adjusted EPS increased by 16% to $2.44[5], while reported EPS increased by 14% to $2.03[6] - Free Cash Flow represented 7% of revenue and 45% of adjusted earnings[6] FY 2025 Guidance - Revenue growth is projected to be between 4% and 6%[5] - Adjusted EPS from continuing operations is expected to be between $9.35 and $9.55[5] - Free Cash Flow is projected to be 14% to 16% of revenue[19] - Capital expenditures are estimated to be between $190 million and $210 million[19] Segment Performance - DEP (Engineered Products) revenue decreased by 5% organically, with a 140 bps increase in Adjusted Segment EBITDA margin to 21%[7] - DCEF (Clean Energy & Fueling) revenue increased by 8% organically, with an 80 bps increase in Adjusted Segment EBITDA margin to 21%[7] - DPPS (Pumps & Process Solutions) revenue increased by 4% organically, with a 180 bps increase in Adjusted Segment EBITDA margin to 33%[7] - DCST (Climate & Sustainability Technologies) revenue decreased by 6% organically, with a 60 bps increase in Adjusted Segment EBITDA margin to 20%[7] SIKORA Acquisition - The acquisition is valued at €550 million[22] - SIKORA is expected to generate approximately €115 million in revenue in 2025 with ~30% EBITDA margin[22]

Core Viewpoint - Dover Corporation reported quarterly earnings of $2.44 per share, exceeding the Zacks Consensus Estimate of $2.39 per share, and showing an increase from $2.36 per share a year ago, indicating a positive earnings surprise of +2.09% [1] Financial Performance - The company achieved revenues of $2.05 billion for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 0.57%, although this represents a decline from year-ago revenues of $2.18 billion [2] - Over the last four quarters, Dover has exceeded consensus EPS estimates four times, but has only topped consensus revenue estimates once [2] Stock Performance and Outlook - Dover shares have increased by approximately 1.8% since the beginning of the year, while the S&P 500 has gained 8.1%, indicating underperformance relative to the broader market [3] - The company's future stock performance will largely depend on management's commentary during the earnings call and the trends in earnings estimate revisions [3][4] Earnings Estimates - The current consensus EPS estimate for the upcoming quarter is $2.50, with expected revenues of $2.07 billion, and for the current fiscal year, the consensus EPS estimate is $9.36 on revenues of $8.01 billion [7] Industry Context - The Manufacturing - General Industrial industry, to which Dover belongs, is currently ranked in the top 12% of over 250 Zacks industries, suggesting a favorable industry outlook [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-4018 (Exact name of registrant as specified in its charter) Delaware 53-0257888 (State or other jurisdiction of incorporation or o ...

Core Viewpoint - Dover Corporation (DOV) expects a revenue growth of 4%-6% for the full year, an increase from the previous forecast of 2%-4% [1] - The company anticipates adjusted earnings per share from continuing operations to be between $9.35 and $9.55, up from the prior estimate of $9.20 to $9.40 [1] Summary by Category - **Revenue Forecast** - Dover Corporation has revised its full-year revenue growth expectation to 4%-6% from an earlier estimate of 2%-4% [1] - **Earnings Per Share (EPS) Guidance** - The company projects adjusted EPS from continuing operations to be in the range of $9.35 to $9.55, an increase from the previous guidance of $9.20 to $9.40 [1]

Exhibit 99.1 Investor Contact: Media Contact: Jack Dickens Adrian Sakowicz Vice President - Investor Relations Vice President - Communications (630) 743-2566 (630) 743-5039 jdickens@dovercorp.com asakowicz@dovercorp.com DOVER REPORTS SECOND QUARTER 2025 RESULTS DOWNERS GROVE, Ill., July 24, 2025 — Dover (NYSE: DOV), a diversified global manufacturer, announced its financial results for the second quarter ended June 30, 2025. All comparisons are to the comparable period of the prior fiscal year, unless other ...

Financial Performance - For Q2 2025, Dover reported revenue of $2.05 billion, a 5% increase compared to Q2 2024, with organic revenue growth of 1% [2][3] - GAAP earnings from continuing operations were $280 million, up 14% year-over-year, while diluted EPS from continuing operations increased to $2.03, also a 14% rise [3][4] - For the first half of 2025, revenue reached $3.91 billion, a 2% increase, but GAAP earnings from continuing operations decreased by 39% to $519 million, primarily due to a gain on the disposition of De-Sta-Co in the previous year [4][3] Adjusted Earnings - On an adjusted basis, earnings from continuing operations for Q2 2025 were $337 million, a 16% increase, with adjusted diluted EPS rising to $2.44, also up 16% [3][4] - For the six months ended June 30, 2025, adjusted earnings from continuing operations were $620 million, reflecting a 17% increase, and adjusted diluted EPS was $4.49, an 18% rise [4][3] Management Commentary - Dover's CEO highlighted solid second-quarter results driven by strong production performance and effective execution amid a dynamic global trading environment [6] - The company experienced broad-based shipment growth in short cycle components and maintained positive order trends, enhancing confidence for the second half of the year [7] - Dover's margin performance was noted as exemplary, achieving a record consolidated segment margin due to prior portfolio actions and effective cost containment measures [7][8] Capital Deployment and Acquisitions - The company continues to invest in high-return organic capital projects, including productivity and capacity expansions, and completed two acquisitions in the Pumps & Process Solutions segment [8] - Dover's strong balance sheet provides flexibility for value-creating capital deployment in high-growth, high-margin areas [8] Full Year Guidance - Based on first-half performance, Dover raised its full-year adjusted EPS guidance from a range of $9.20-$9.40 to $9.35-$9.55, with expected GAAP EPS from continuing operations between $8.00 and $8.20 [9]

Core Insights - CPC has developed the Everis UQD06 Series connectors to meet the increasing liquid cooling demands in AI computing, particularly for high-performance computing (HPC) applications [1][2][3] - The new connectors feature a 3/8-inch flow path, enhancing flow capacity compared to previous sizes of 1/8-inch and 1/4-inch, which is crucial for optimizing cooling systems [3] - Adoption of liquid cooling in HPC/AI sites is projected to rise from two-thirds to nearly 80% within the next 12-18 months, indicating a significant market trend towards advanced cooling solutions [3] Company Overview - CPC (Colder Products Company) specializes in quick disconnect couplings and connectors for various markets, including thermal management and life sciences, with a portfolio exceeding 10,000 products [5] - CPC is a business unit of Pump Solutions Group (PSG), which operates under Dover Corporation, a diversified global manufacturer with annual revenues exceeding $7 billion [6] Industry Context - The industry is experiencing a shift towards higher flow rates in liquid cooling systems to manage the substantial heat generated by AI workloads, necessitating innovations in connector design and system efficiency [3] - CPC's focus on quality and patented technology positions it as a trusted partner for chip manufacturers and cooling integrators, supporting the rapid scaling of AI applications [4]

Core Insights - Markem-Imaje, a subsidiary of Dover, is making a significant investment in its Keene, New Hampshire facility to expand production capacity for its sustainable Touch Dry® inks, and will also open a new R&D office in Salem, New Hampshire by the end of 2025 [1][2][3] Company Developments - The enhanced ink production line in Keene has received a Platinum sustainability rating from EcoVadis, reflecting the company's commitment to innovation and sustainability [2] - The new R&D office in Salem will focus on developing high-performance printers and inks for logistics, warehousing, and consumer-packaged goods industries [3] Market Demand - There is consistent global growth in demand for Touch Dry® ink technology, driven by customers' emphasis on operational efficiency [4] - The expansions in Keene and Salem are aimed at strengthening global production capabilities while investing in the local community [4] Company Overview - Markem-Imaje is a trusted manufacturer of product identification and traceability solutions, serving over 50,000 customers globally with a comprehensive marking and coding portfolio [5] - Dover Corporation, the parent company, has annual revenue exceeding $7 billion and operates across five segments, employing approximately 24,000 people [6]