Revenue and Growth - Revenue for Q2 2025 was $2.0 billion, an increase of $100.8 million or 5.2% compared to Q2 2024, driven by acquisition-related growth of 3.0% and organic growth of 0.9%[113] - Organic revenue growth in the Clean Energy & Fueling and Pumps & Process Solutions segments was 8.0% and 3.9%, respectively, while Climate & Sustainability Technologies and Engineered Products segments declined by 5.6% and 5.1%[114] - Bookings for the three months ended June 30, 2025, were $2.0 billion, an increase of $131.2 million or 7.0% compared to the prior year[117] Profitability and Earnings - Gross profit for Q2 2025 increased by $65.7 million or 8.7%, with a gross profit margin of 39.9%, up 130 basis points from the prior year[123] - Earnings from continuing operations for Q2 2025 increased by 13.6% to $280.1 million, or $2.03 diluted earnings per share, compared to $246.6 million or $1.78 per share in the prior year[135] - Earnings from continuing operations for the six months ended June 30, 2025 decreased 38.8% to $519.4 million, or $3.76 diluted earnings per share, compared to $848.7 million, or $6.10 diluted earnings per share in the prior year[136] Expenses and Costs - Selling, general and administrative expenses for Q2 2025 increased by $34.6 million or 8.1%, representing 22.6% of revenue, an increase of 60 basis points from the prior year[125] - Research and development costs for Q2 2025 were $40.8 million, representing 2.0% of revenue, consistent with the prior year[127] - Interest expense, net of interest income, decreased by $19.4 million or 68.7% to $8.9 million for Q2 2025 compared to the prior year[128] Segment Performance - Engineered Products revenue for the second quarter of 2025 decreased $9.4 million, or 3.3%, due to an organic decline of 5.1%, partially offset by a favorable foreign currency translation impact of 1.1% and acquisition-related growth of 0.7%[141] - Clean Energy & Fueling segment revenue increased $129.2 million, or 14.2%, for the six months ended June 30, 2025, driven by acquisition-related growth of 9.2% and organic growth of 5.0%[154] - Overall bookings for the Clean Energy & Fueling segment increased 19.2% compared to the prior year comparable quarter, driven by acquisition-related growth in clean energy platforms[153] Earnings and Margins by Segment - Segment earnings for the Engineered Products for the six months ended June 30, 2025 decreased $17.0 million, or 14.8%, primarily due to the divestiture of De-Sta-Co and lower volumes in vehicle service[147] - Clean Energy & Fueling segment earnings increased $36.2 million, or 23.0%, for the six months ended June 30, 2025, driven by volume growth and pricing[155] - Imaging & Identification segment earnings increased $8.8 million, or 6.0%, for the six months ended June 30, 2025, primarily driven by favorable price versus cost dynamics[163] Cash Flow and Capital Management - Cash flows from operating activities for the six months ended June 30, 2025, increased by $74.2 million to $369.8 million compared to $295.6 million in 2024[186] - Free cash flow for the six months ended June 30, 2025, was $260.7 million, representing 6.7% of revenue and 50.2% of earnings from continuing operations[194] - The company plans to fund capital expenditures and acquisitions through available cash and internally generated funds[189] Debt and Liquidity - As of June 30, 2025, the company maintained $1.0 billion in five-year and $500.0 million in 364-day unsecured revolving credit facilities[195] - The interest coverage ratio was 68.3 to 1 as of June 30, 2025, significantly above the required minimum of 3.0 to 1.0[196] - The net debt to net capitalization ratio increased to 19.5% at June 30, 2025, compared to 13.5% at December 31, 2024[199] Acquisitions and Restructuring - The company completed two business acquisitions for approximately $629.6 million during the three months ended June 30, 2025[119] - The company incurred restructuring charges of $13.5 million and $21.8 million for Q2 and six months ended June 30, 2025, primarily related to exit costs and headcount reductions[179] - Restructuring charges for the three months ended June 30, 2025, totaled $13.5 million, while for the six months, they reached $32.6 million[180]

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]

Core Insights - Dover Corporation (DOV) is expected to report second-quarter 2025 results on July 24, with revenue estimates at $2.04 billion, reflecting a 6.3% decline year-over-year, while earnings per share (EPS) is projected to rise 1.3% to $2.39 [1][5] - The company has a strong earnings surprise history, beating consensus estimates in the last four quarters with an average surprise of 5.2% [2][3] - The earnings estimate has increased by 0.4% over the past 60 days, indicating positive sentiment [1] Revenue and Earnings Estimates - Q2 revenue is projected at $2.04 billion, down 6.3% from the previous year, while EPS is expected to increase by 1.3% to $2.39 [1][5] - The Engineered Products segment is expected to see revenues of $259 million, a 9.3% decline year-over-year, impacted by a 16.3% negative effect from divestitures [8] - The Clean Energy and Fueling Solutions segment is projected to grow by 9.8% to $508 million, driven by strong demand in North America [10] Segment Performance - The Engineered Products segment is facing weak demand in aerospace and defense, which may offset gains from strong demand in waste-handling and vehicle services [6][8] - The Clean Energy and Fueling Solutions segment is benefiting from strong demand, with organic growth projected at 4.7% [10] - The Imaging and Identification segment is expected to see a 1.9% rise in revenues to $293 million, supported by strong demand for marking and coding equipment [12] Margin and Cost Factors - Dover's margins are likely to benefit from robust volumes and improved price-cost spread, but are also facing headwinds from supply-chain constraints and input inflation [7] - The adjusted EBITDA for the Clean Energy and Fueling Solutions segment is estimated to be $105 million, a 10% increase from the previous year, driven by pricing actions [11] - The Pumps and Process Solutions segment is expected to see revenues increase by 9.2% year-over-year to $521 million, with adjusted EBITDA projected at $173 million, reflecting a 15.5% increase [14] Stock Performance - Dover's shares have increased by 4.8% over the past year, compared to the industry's growth of 7.8% [17]

Core Insights - OPW Retail Fueling, a subsidiary of Dover, has launched the 71SO Segmented Overfill Valve, enhancing overfill prevention technology with a focus on installation efficiency and logistical ease [1][2] Product Features - The new segmented design divides the drop tube into four interlocking sections, allowing for customization to fit tank diameters of 8-12 feet and burial depths, with an overall length exceeding 223 inches [2] - The valve is compatible with 4-inch fill risers and is available in multiple configurations, including Testable and Non-Testable, as well as Vapor-Tight and Non-Vapor-Tight [2] - The installation process is streamlined, requiring no excavation or special manholes, and the automatic shut-off activates at 95% tank capacity, significantly reducing spill risks [3][7] Operational Benefits - The segmented format reduces packaging size, simplifies logistics, and minimizes damage and freight costs [7] - Onsite assembly is simplified, allowing installers to easily assemble the drop tube without special tools or additional manpower [7] - The valve retains a two-stage positive shut-off mechanism, ensuring reliable overfill prevention without the need for pre-checks or resets [7] Company Overview - OPW Retail Fueling specializes in fuel-handling products for both conventional and clean-energy applications in the retail and commercial fuel markets [5] - Dover Corporation, the parent company, has an annual revenue exceeding $7 billion and operates across five segments, employing approximately 24,000 people globally [6]

Core Insights - Dover Fueling Solutions (DFS) has announced a global partnership with Bottomline to implement the BX platform, a supply chain optimization solution for fuel retailers worldwide [1][2][4] - The BX platform enhances operational efficiency by enabling real-time monitoring, route optimization, and inventory forecasting, thus maximizing cost efficiencies for customers [3][4] Company Overview - DFS is a part of Dover Corporation, specializing in advanced energy dispensing equipment and solutions for fueling and convenience retail customers globally [5] - Dover Corporation has an annual revenue exceeding $7 billion and operates across five segments, employing approximately 24,000 people [6] Partnership Details - The partnership aims to expand the successful collaboration that began in Europe in 2023, providing cost-saving benefits to fuel retail businesses globally [2][4] - The integration of the BX platform with DFS's existing technologies, such as ProGauge® ATG consoles, offers a comprehensive solution for inventory management and supply chain control [3][4] Strategic Goals - The partnership is expected to reduce costs and enhance efficiency in the supply chain from depot to tank for fuel retailers [4] - DFS's extensive global sales network will facilitate the broader reach of the BX platform, transforming fuel logistics [4]

Core Viewpoint - Dover is set to release its second quarter 2025 earnings on July 24, 2025, and will host a conference call to discuss the results [1]. Company Overview - Dover is a diversified global manufacturer and solutions provider with annual revenue exceeding $7 billion [4]. - The company operates through five segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions, and Climate & Sustainability Technologies [4]. - Dover employs approximately 24,000 individuals and is headquartered in Downers Grove, Illinois, trading on the New York Stock Exchange under the ticker "DOV" [4]. Conference Call Details - The earnings release will occur at approximately 6:00 a.m. Central time (7:00 a.m. Eastern time) on July 24, 2025, followed by a conference call at 8:30 a.m. Central time (9:30 a.m. Eastern time) [1]. - Participants can join the call by dialing 1 (800) 225-9448 for domestic calls or 1 (203) 518-9708 for international calls, using conference ID DOVQ225 [2]. - An audio replay of the conference call will be available from 12:00 p.m. Central time on July 24 until 10:59 p.m. Central time on August 14 [3]. Additional Information - A live audio webcast of the conference call will be accessible on Dover's website, and a replay link will be archived for 90 days [3].