Form 8-K

8-K — DOVER Corp

Accession: 0000029905-26-000014

Filed: 2026-04-23

Period: 2026-04-23

CIK: 0000029905

SIC: 3530 (CONSTRUCTION, MINING & MATERIALS HANDLING MACHINERY & EQUIP)

Item: Results of Operations and Financial Condition

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — dov-20260423.htm (Primary)

EX-99.1 (a202604238-kexhibit991pr.htm)

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8-K

8-K (Primary)

Filename: dov-20260423.htm · Sequence: 1

dov-20260423

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

______________________________________

FORM 8-K

_______________________________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 23, 2026

_______________________________

DOVER CORPORATION

(Exact name of registrant as specified in its charter)

______________________________________________

Delaware 1-4018 53-0257888

(State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.)

3005 Highland Parkway

Downers Grove, Illinois

60515

(Address of Principal Executive Offices) (Zip Code)

(630) 541-1540

(Registrant’s telephone number, including area code)

______________________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered

Common Stock DOV New York Stock Exchange

1.250% Notes due 2026 DOV 26 New York Stock Exchange

0.750% Notes due 2027 DOV 27 New York Stock Exchange

3.500% Notes due 2033

DOV 33

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 2.02 Results of Operations and Financial Condition.

On April 23, 2026, Dover Corporation ("Dover") issued the Press Release attached hereto as Exhibit 99.1 announcing its results of operations for the quarter ended March 31, 2026.

The information in this Current Report on Form 8-K, including Exhibit 99.1, is being furnished to the Securities and Exchange Commission (the “SEC”) and shall not be deemed to be incorporated by reference into any of Dover’s filings with the SEC under the Securities Act of 1933, as amended.

Item 7.01 Regulation FD Disclosure.

As previously announced, on April 23, 2026, Dover will hold an investor conference call and webcast at 8:30 a.m. Central time (9:30 a.m. Eastern time) to discuss its results of operations for the quarter ended March 31, 2026.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

The following exhibits are furnished as part of this report:

99.1 Press Release dated April 23, 2026

104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.

Date: April 23, 2026 DOVER CORPORATION

(Registrant)

By: /s/ Ivonne M. Cabrera

Ivonne M. Cabrera

Senior Vice President, General Counsel & Secretary

EX-99.1

Filename: a202604238-kexhibit991pr.htm · Sequence: 2

Document

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 FIRST QUARTER 2026 RESULTS

DOWNERS GROVE, Ill., April 23, 2026 — Dover (NYSE: DOV), a diversified global manufacturer, announced its financial results for the first quarter ended March 31, 2026. All comparisons are to the comparable period of the prior fiscal year, unless otherwise noted.

Three Months Ended March 31,

($ in millions, except per share data)*

2026 2025

% Change*

U.S. GAAP

Revenue $ 2,054 $ 1,866 10 %

Earnings from continuing operations

239 239 — %

Diluted EPS from continuing operations

1.76 1.73 2 %

Non-GAAP

Organic revenue change 5 %

Adjusted earnings from continuing operations 1

309 283 9 %

Adjusted diluted EPS from continuing operations

2.28 2.05 11 %

1 Q1 2026 and 2025 adjusted earnings from continuing operations exclude after-tax purchase accounting expenses, restructuring and other costs, and gain on dispositions.

* Totals, change and per share data may be impacted by rounding.

For the quarter ended March 31, 2026, Dover generated revenue of $2.1 billion, an increase of 10% (+5% organic). GAAP earnings from continuing operations was $239 million, and GAAP diluted EPS from continuing operations of $1.76 was up 2%. On an adjusted basis, earnings from continuing operations of $309 million were up 9% and adjusted diluted EPS from continuing operations of $2.28 was up 11%.

A full reconciliation between GAAP and adjusted measures and definitions of non-GAAP and other performance measures are included as an exhibit herein.

MANAGEMENT COMMENTARY:

Dover’s President and Chief Executive Officer, Richard J. Tobin, said, "We delivered a solid start to the year, with double-digit revenue growth driven by continued strength in our secular-growth-exposed end markets and improving conditions across the portfolio. Performance in the quarter was broad-based, reflecting solid execution by our teams and healthy underlying demand. Bookings rates were excellent in the quarter, with book-to-bill well above one in all five segments, underscoring the momentum across the portfolio and providing improved visibility and confidence to our forecast.

"Our balance sheet remains strong and continues to provide flexibility to deploy capital toward long-term value creation. During the quarter, we continued to return capital to shareholders through opportunistic share repurchases, while also investing behind high-ROI capacity expansions and productivity investments. Our acquisition pipeline remains active as industrial M&A activity begins to pick up. As always, we remain disciplined in our approach to capital deployment, maintaining our focus on strategic fit and accretive financial returns.

"Despite a complicated global macroeconomic environment, we are well positioned to drive value creation for our shareholders given the underlying strength of our order books, the flexibility of our business model, the operational execution of our teams, and our strong liquidity position. We remain committed to delivering double-digit adjusted EPS growth at the midpoint of our guidance range in 2026, consistent with Dover’s long-term performance trajectory."

FULL YEAR 2026 GUIDANCE:

In 2026, Dover expects to generate GAAP EPS in the range of $8.92 to $9.12 (adjusted EPS of $10.45 to $10.65), based on full year revenue growth of 5% to 7% (organic growth of 3% to 5%).

CONFERENCE CALL INFORMATION:

Dover will host a webcast and conference call to discuss its first quarter results at 9:30 A.M. Eastern Time (8:30 A.M. Central Time) on Thursday, April 23, 2026. The webcast can be accessed on the Dover website at dovercorporation.com. The conference call will also be made available for replay on the website. Additional information on Dover's results and its operating segments can be found on the Company's website.

ABOUT DOVER:

Dover is a diversified global manufacturer and solutions provider with annual revenue of over $8 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions and Climate & Sustainability Technologies. Dover combines global scale with operational agility to lead the markets we serve. Recognized for our entrepreneurial approach for over 70 years, our team of approximately 24,000 employees takes an ownership mindset, collaborating with customers to redefine what's possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under "DOV."

FORWARD-LOOKING STATEMENTS:

This press release contains "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. All statements in this document other than statements of historical fact are statements that are, or could be deemed, "forward-looking" statements. Forward-looking statements are subject to numerous important risks, uncertainties, assumptions and other factors, some of which are beyond the Company's control. Factors that could cause actual results to differ materially from current expectations include, among other things, general economic conditions and conditions in the particular markets in which we operate; supply chain constraints and labor shortages that could result in production stoppages; inflation in material input costs and freight logistics; the impacts of natural or human-induced disasters, acts of war, terrorism, international conflicts, and public health crises or other future pandemics on the global economy and on our customers, suppliers, employees, business and cash flows; changes in customer demand and capital spending; competitive factors and pricing pressures; our ability to develop and launch new products in a cost-effective manner; changes in law, including the effect of tax laws and developments with respect to trade policy and tariffs; our ability to identify, consummate and successfully integrate and realize synergies from newly acquired businesses; acquisition valuation levels; the impact of interest rate and currency exchange rate fluctuations; capital allocation plans and changes in those plans, including with respect to dividends, share repurchases, investments in research and development, capital expenditures and acquisitions; our ability to effectively deploy capital resulting from dispositions; our ability to derive expected benefits from restructurings, productivity initiatives and other cost reduction actions; the impact of legal compliance risks and litigation, including with respect to product quality and safety, cybersecurity and privacy; and our ability to capture and protect intellectual property rights. For details on the risks and uncertainties that could cause our results to differ materially from the forward-looking statements contained herein, we refer you to the documents we file with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2025, and our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. These documents are available from the Securities and Exchange Commission, and on our website, dovercorporation.com. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.

INVESTOR SUPPLEMENT - FIRST QUARTER 2026

DOVER CORPORATION

CONSOLIDATED STATEMENTS OF EARNINGS

(unaudited)(in thousands)

Three Months Ended March 31,

2026 2025

Revenue $ 2,053,623 $ 1,866,059

Cost of goods and services 1,255,488 1,120,559

Gross profit 798,135 745,500

Selling, general and administrative expenses 492,226 449,191

Operating earnings 305,909 296,309

Interest expense 29,522 27,608

Interest income (14,060) (20,254)

Gain on dispositions

— (2,468)

Other income, net (8,455) (3,958)

Earnings before provision for income taxes 298,902 295,381

Provision for income taxes 60,153 56,140

Earnings from continuing operations 238,749 239,241

Loss from discontinued operations, net

(316) (8,420)

Net earnings

$ 238,433 $ 230,821

IS - 1

DOVER CORPORATION

QUARTERLY EARNINGS PER SHARE

(unaudited)(in thousands, except per share data*)

Earnings Per Share

2026 2025

Q1 Q1 Q2 Q3 Q4 FY 2025

Basic earnings (loss) per share:

Continuing operations $ 1.77 $ 1.74 $ 2.04 $ 2.21 $ 2.02 $ 8.01

Discontinued operations $ — $ (0.06) $ (0.01) $ (0.01) $ 0.05 $ (0.03)

Net earnings $ 1.77 $ 1.68 $ 2.03 $ 2.20 $ 2.07 $ 7.99

Diluted earnings (loss) per share:

Continuing operations $ 1.76 $ 1.73 $ 2.03 $ 2.20 $ 2.01 $ 7.97

Discontinued operations $ — $ (0.06) $ (0.01) $ (0.01) $ 0.05 $ (0.03)

Net earnings $ 1.75 $ 1.67 $ 2.02 $ 2.19 $ 2.06 $ 7.94

Net earnings (loss) and weighted average shares used in calculated earnings (loss) per share amounts are as follows:

Continuing operations $ 238,749 $ 239,241 $ 280,130 $ 303,292 $ 274,766 $ 1,097,429

Discontinued operations (316) (8,420) (1,066) (1,296) 7,309 (3,473)

Net earnings $ 238,433 $ 230,821 $ 279,064 $ 301,996 $ 282,075 $ 1,093,956

Weighted average shares outstanding:

Basic 134,977 137,267 137,226 137,236 135,993 136,935

Diluted 135,895 138,260 137,974 138,029 136,826 137,777

Dividends paid per common share $ 0.52 $ 0.515 $ 0.515 $ 0.52 $ 0.52 $ 2.07

* Per share data may be impacted by rounding.

IS - 2

DOVER CORPORATION

QUARTERLY SEGMENT INFORMATION

(unaudited)(in thousands)

2026 2025

Q1 Q1 Q2 Q3 Q4 FY 2025

REVENUE

Engineered Products $ 266,639 $ 254,646 $ 275,944 $ 279,705 $ 275,549 $ 1,085,844

Clean Energy & Fueling 554,809 491,148 546,097 541,368 551,894 2,130,507

Imaging & Identification 285,420 280,090 292,009 299,100 302,244 1,173,443

Pumps & Process Solutions 537,810 493,573 520,554 550,920 583,623 2,148,670

Climate & Sustainability Technologies 411,060 347,888 416,151 408,529 387,273 1,559,841

Intersegment eliminations (2,115) (1,286) (1,163) (1,781) (1,504) (5,734)

Total consolidated revenue $ 2,053,623 $ 1,866,059 $ 2,049,592 $ 2,077,841 $ 2,099,079 $ 8,092,571

EARNINGS FROM CONTINUING OPERATIONS

Segment Earnings:

Engineered Products $ 44,991 $ 44,114 $ 53,511 $ 57,483 $ 62,158 $ 217,266

Clean Energy & Fueling 99,041 85,644 107,771 118,665 105,990 418,070

Imaging & Identification 77,457 77,575 76,937 81,772 78,451 314,735

Pumps & Process Solutions 169,492 151,275 159,504 168,565 172,256 651,600

Climate & Sustainability Technologies 63,995 52,119 77,262 76,002 60,264 265,647

Total segment earnings 454,976 410,727 474,985 502,487 479,119 1,867,318

Purchase accounting expenses 1

54,579 49,104 51,123 59,381 58,837 218,445

Restructuring and other costs 2

36,795 9,397 23,210 15,913 29,466 77,986

Gain on dispositions 3

— (2,468) (2,176) — — (4,644)

Corporate expense / other 4

49,238 51,959 41,875 31,515 39,190 164,539

Interest expense 29,522 27,608 26,791 27,239 28,134 109,772

Interest income (14,060) (20,254) (17,935) (17,804) (17,039) (73,032)

Earnings before provision for income taxes 298,902 295,381 352,097 386,243 340,531 1,374,252

Provision for income taxes 60,153 56,140 71,967 82,951 65,765 276,823

Earnings from continuing operations $ 238,749 $ 239,241 $ 280,130 $ 303,292 $ 274,766 $ 1,097,429

SEGMENT EARNINGS MARGIN

Engineered Products 16.9 % 17.3 % 19.4 % 20.6 % 22.6 % 20.0 %

Clean Energy & Fueling 17.9 % 17.4 % 19.7 % 21.9 % 19.2 % 19.6 %

Imaging & Identification 27.1 % 27.7 % 26.3 % 27.3 % 26.0 % 26.8 %

Pumps & Process Solutions 31.5 % 30.6 % 30.6 % 30.6 % 29.5 % 30.3 %

Climate & Sustainability Technologies 15.6 % 15.0 % 18.6 % 18.6 % 15.6 % 17.0 %

Total segment earnings margin 22.2 % 22.0 % 23.2 % 24.2 % 22.8 % 23.1 %

1 Purchase accounting expenses are primarily comprised of amortization of intangible assets.

2 Restructuring and other costs relate to actions taken for headcount reductions, facility consolidations and site closures, product line exits, and other asset charges.

3 Gain on dispositions, including post-closing adjustments.

4 Certain expenses are maintained at the corporate level and not allocated to the segments. These expenses include executive and functional compensation costs, non-service pension costs, non-operating insurance expenses, shared business services and digital and IT overhead costs, deal related expenses and various administrative expenses relating to the corporate headquarters.

IS - 3

DOVER CORPORATION

QUARTERLY ADJUSTED EARNINGS AND ADJUSTED EARNINGS PER SHARE (NON-GAAP)

(unaudited)(in thousands, except per share data*)

Non-GAAP Reconciliations

2026 2025

Q1 Q1 Q2 Q3 Q4 FY 2025

Adjusted earnings from continuing operations:

Earnings from continuing operations

$ 238,749 $ 239,241 $ 280,130 $ 303,292 $ 274,766 $ 1,097,429

Purchase accounting expenses, pre-tax 1

54,579 49,104 51,123 59,381 58,837 218,445

Purchase accounting expenses, tax impact 2

(12,692) (10,919) (11,367) (14,067) (14,134) (50,487)

Restructuring and other costs, pre-tax 3

36,795 9,397 23,210 15,913 29,466 77,986

Restructuring and other costs, tax impact 2

(8,048) (1,887) (4,642) (3,230) (5,608) (15,367)

Gain on dispositions, pre-tax 4

— (2,468) (2,176) — — (4,644)

Gain on dispositions, tax-impact 2

— 689 435 — — 1,124

Adjusted earnings from continuing operations

$ 309,383 $ 283,157 $ 336,713 $ 361,289 $ 343,327 $ 1,324,486

Adjusted diluted earnings per share from continuing operations:

Diluted earnings per share from continuing operations

$ 1.76 $ 1.73 $ 2.03 $ 2.20 $ 2.01 $ 7.97

Purchase accounting expenses, pre-tax 1

0.40 0.36 0.37 0.43 0.43 1.59

Purchase accounting expenses, tax impact 2

(0.09) (0.08) (0.08) (0.10) (0.10) (0.37)

Restructuring and other costs, pre-tax 3

0.27 0.07 0.17 0.12 0.22 0.57

Restructuring and other costs, tax impact 2

(0.06) (0.01) (0.03) (0.02) (0.04) (0.11)

Gain on dispositions, pre-tax 4

— (0.02) (0.02) — — (0.03)

Gain on dispositions, tax-impact 2

— — — — — 0.01

Adjusted diluted earnings per share from continuing operations

$ 2.28 $ 2.05 $ 2.44 $ 2.62 $ 2.51 $ 9.61

1 Purchase accounting expenses are primarily comprised of amortization of intangible assets.

2 Adjustments were tax effected using the statutory tax rates in the applicable jurisdictions or the effective tax rate, where applicable, for each period.

3 Restructuring and other costs relate to actions taken for headcount reductions, facility consolidations and site closures, product line exits, and other asset charges. Q1 2026 includes other costs of $3.0 million associated with a footprint reduction in our Climate & Sustainability Technologies segment. Q2 2025, Q3 2025, Q4 2025 and FY 2025 include other costs of $1.9 million, $1.8 million, $2.6 million and $6.3 million, respectively, associated with a footprint reduction within our Climate & Sustainability Technologies segment. Q2 2025 and FY 2025 include other costs of $4.0 million associated with a product line exit within our Climate & Sustainability Technologies segment.

4 Gain on dispositions, including post-closing adjustments.

* Per share data and totals may be impacted by rounding.

IS - 4

DOVER CORPORATION

QUARTERLY ADJUSTED SEGMENT EBITDA (NON-GAAP)

(unaudited)(in thousands)

Non-GAAP Reconciliations

2026 2025

Q1 Q1 Q2 Q3 Q4 FY 2025

ADJUSTED SEGMENT EBITDA

Engineered Products:

Segment earnings $ 44,991 $ 44,114 $ 53,511 $ 57,483 $ 62,158 $ 217,266

Other depreciation and amortization 1

5,486 4,800 5,141 5,736 5,818 21,495

Adjusted segment EBITDA 2

50,477 48,914 58,652 63,219 67,976 238,761

Adjusted segment EBITDA margin 2

18.9 % 19.2 % 21.3 % 22.6 % 24.7 % 22.0 %

Clean Energy & Fueling:

Segment earnings $ 99,041 $ 85,644 $ 107,771 $ 118,665 $ 105,990 $ 418,070

Other depreciation and amortization 1

8,552 8,578 8,961 8,582 8,685 34,806

Adjusted segment EBITDA 2

107,593 94,222 116,732 127,247 114,675 452,876

Adjusted segment EBITDA margin 2

19.4 % 19.2 % 21.4 % 23.5 % 20.8 % 21.3 %

Imaging & Identification:

Segment earnings $ 77,457 $ 77,575 $ 76,937 $ 81,772 $ 78,451 $ 314,735

Other depreciation and amortization 1

4,208 4,093 4,229 4,091 5,155 17,568

Adjusted segment EBITDA 2

81,665 81,668 81,166 85,863 83,606 332,303

Adjusted segment EBITDA margin 2

28.6 % 29.2 % 27.8 % 28.7 % 27.7 % 28.3 %

Pumps & Process Solutions:

Segment earnings $ 169,492 $ 151,275 $ 159,504 $ 168,565 $ 172,256 $ 651,600

Other depreciation and amortization 1

14,012 12,601 13,131 14,256 14,238 54,226

Adjusted segment EBITDA 2

183,504 163,876 172,635 182,821 186,494 705,826

Adjusted segment EBITDA margin 2

34.1 % 33.2 % 33.2 % 33.2 % 32.0 % 32.8 %

Climate & Sustainability Technologies:

Segment earnings $ 63,995 $ 52,119 $ 77,262 $ 76,002 $ 60,264 $ 265,647

Other depreciation and amortization 1

8,069 7,325 7,605 7,558 7,856 30,344

Adjusted segment EBITDA 2

72,064 59,444 84,867 83,560 68,120 295,991

Adjusted segment EBITDA margin 2

17.5 % 17.1 % 20.4 % 20.5 % 17.6 % 19.0 %

Total Segments:

Total segment earnings 2, 3

$ 454,976 $ 410,727 $ 474,985 $ 502,487 $ 479,119 $ 1,867,318

Other depreciation and amortization 1

40,327 37,397 39,067 40,223 41,752 158,439

Total Adjusted segment EBITDA 2

495,303 448,124 514,052 542,710 520,871 2,025,757

Total Adjusted segment EBITDA margin 2

24.1 % 24.0 % 25.1 % 26.1 % 24.8 % 25.0 %

1 Other depreciation and amortization relates to property, plant, and equipment and intangibles, and excludes amounts related to purchase accounting expenses and restructuring and other costs.

2 Refer to Non-GAAP Measures Definitions section for definition.

3 Refer to Quarterly Segment Information section for reconciliation of total segment earnings to earnings from continuing operations.

IS - 5

DOVER CORPORATION

QUARTERLY EARNINGS FROM CONTINUING OPERATIONS TO ADJUSTED SEGMENT EBITDA RECONCILIATION (NON-GAAP)

(unaudited)(in thousands)

Non-GAAP Reconciliations

2026 2025

Q1 Q1 Q2 Q3 Q4 FY 2025

Earnings from continuing operations

$ 238,749 $ 239,241 $ 280,130 $ 303,292 $ 274,766 $ 1,097,429

Provision for income taxes 60,153 56,140 71,967 82,951 65,765 276,823

Earnings before provision for income taxes 298,902 295,381 352,097 386,243 340,531 1,374,252

Interest income (14,060) (20,254) (17,935) (17,804) (17,039) (73,032)

Interest expense 29,522 27,608 26,791 27,239 28,134 109,772

Corporate expense / other 1

49,238 51,959 41,875 31,515 39,190 164,539

Gain on dispositions 2

— (2,468) (2,176) — — (4,644)

Restructuring and other costs 3

36,795 9,397 23,210 15,913 29,466 77,986

Purchase accounting expenses 4

54,579 49,104 51,123 59,381 58,837 218,445

Total segment earnings 5

454,976 410,727 474,985 502,487 479,119 1,867,318

Add: Other depreciation and amortization 6

40,327 37,397 39,067 40,223 41,752 158,439

Total adjusted segment EBITDA 5

$ 495,303 $ 448,124 $ 514,052 $ 542,710 $ 520,871 $ 2,025,757

1 Certain expenses are maintained at the corporate level and not allocated to the segments. These expenses include executive and functional compensation costs, non-service pension costs, non-operating insurance expenses, shared business services and digital and IT overhead costs, deal related expenses and various administrative expenses relating to the corporate headquarters.

2 Gain on dispositions, including post-closing adjustments.

3 Restructuring and other costs relate to actions taken for headcount reductions, facility consolidations and site closures, product line exits, and other asset charges.

4 Purchase accounting expenses are primarily comprised of amortization of intangible assets.

5 Refer to Non-GAAP Measures Definitions section for definition.

6 Other depreciation and amortization relates to property, plant, and equipment and intangibles, and excludes amounts related to purchase accounting expenses and restructuring and other costs.

IS - 6

DOVER CORPORATION

REVENUE GROWTH FACTORS AND ADJUSTED EPS GUIDANCE RECONCILIATIONS (NON-GAAP)

(unaudited)

Non-GAAP Reconciliations

Revenue Growth Factors

2026

Organic

Engineered Products 2.1 %

Clean Energy & Fueling

11.1 %

Imaging & Identification (3.3) %

Pumps & Process Solutions (0.8) %

Climate & Sustainability Technologies

15.2 %

Total Organic 5.3 %

Acquisitions 1.9 %

Currency translation 2.9 %

Total* 10.1 %

* Totals may be impacted by rounding.

2026

Organic

United States 12.1 %

Europe (4.2) %

Asia (4.7) %

Other Americas 3.0 %

Other (3.3) %

Total Organic 5.3 %

Acquisitions 1.9 %

Currency translation 2.9 %

Total* 10.1 %

* Totals may be impacted by rounding.

Adjusted EPS Guidance Reconciliation*

Range

2026 Guidance for Earnings per Share from Continuing Operations (GAAP)

$ 8.92 $ 9.12

Purchase accounting expenses, net

1.21

Restructuring and other costs, net 0.31

2026 Guidance for Adjusted Earnings per Share from Continuing Operations (Non-GAAP)

$ 10.45 $ 10.65

* Per share data and totals may be impacted by rounding.

IS - 7

DOVER CORPORATION

QUARTERLY CASH FLOW AND FREE CASH FLOW (NON-GAAP)

(unaudited)(in thousands)

Quarterly Cash Flow

2026 2025

Q1 Q1 Q2 Q3 Q4 FY 2025

Net Cash Flows Provided By (Used In):

Operating activities $ 190,997 $ 157,474 $ 212,340 $ 424,245 $ 543,946 $ 1,338,005

Investing activities (61,660) (74,186) (681,584) (58,857) (71,967) (886,594)

Financing activities (161,451) (122,234) (84,235) (73,878) (344,523) (624,870)

Quarterly Free Cash Flow (Non-GAAP)

2026 2025

Q1 Q1 Q2 Q3 Q4 FY 2025

Cash flow from operating activities

$ 190,997 $ 157,474 $ 212,340 $ 424,245 $ 543,946 $ 1,338,005

Less: Capital expenditures (59,808) (48,192) (60,932) (54,150) (56,989) (220,263)

Free cash flow $ 131,189 $ 109,282 $ 151,408 $ 370,095 $ 486,957 $ 1,117,742

Cash flow from operating activities as a percentage of revenue 9.3 % 8.4 % 10.4 % 20.4 % 25.9 % 16.5 %

Cash flow from operating activities as a percentage of adjusted earnings from continuing operations

61.7 % 55.6 % 63.1 % 117.4 % 158.4 % 101.0 %

Free cash flow as a percentage of revenue 6.4 % 5.9 % 7.4 % 17.8 % 23.2 % 13.8 %

Free cash flow as a percentage of adjusted earnings from continuing operations

42.4 % 38.6 % 45.0 % 102.4 % 141.8 % 84.4 %

IS - 8

DOVER CORPORATION

PERFORMANCE MEASURES

(unaudited)(in thousands)

2026 2025

Q1 Q1 Q2 Q3 Q4 FY 2025

BOOKINGS

Engineered Products $ 294,009 $ 264,538 $ 276,571 $ 273,278 $ 281,237 $ 1,095,624

Clean Energy & Fueling

615,197 543,859 526,819 509,553 587,041 2,167,272

Imaging & Identification 312,646 288,169 292,092 292,229 302,047 1,174,537

Pumps & Process Solutions 597,578 499,287 530,158 510,960 500,779 2,041,184

Climate & Sustainability Technologies

646,960 395,623 384,246 415,099 470,081 1,665,049

Intersegment eliminations (2,714) (1,892) (1,295) (1,380) (1,472) (6,039)

Total consolidated bookings $ 2,463,676 $ 1,989,584 $ 2,008,591 $ 1,999,739 $ 2,139,713 $ 8,137,627

IS - 9

Non-GAAP Measures Definitions

In an effort to provide investors with additional information regarding our results as determined by GAAP, management also discloses non-GAAP information that management believes provides useful information to investors. Adjusted earnings from continuing operations, adjusted diluted earnings per share from continuing operations, total segment earnings, total segment earnings margin, adjusted segment EBITDA, adjusted segment EBITDA margin, free cash flow, free cash flow as a percentage of revenue, free cash flow as a percentage of adjusted earnings from continuing operations, and organic revenue growth are not financial measures under GAAP and should not be considered as a substitute for earnings from continuing operations, diluted earnings per share from continuing operations, cash flows from operating activities, or revenue as determined in accordance with GAAP, and they may not be comparable to similarly titled measures reported by other companies.

The items described in our definitions herein, unless otherwise noted, relate solely to our continuing operations.

Adjusted earnings from continuing operations represents earnings from continuing operations adjusted for the effect of purchase accounting expenses, restructuring and other costs/benefits and gain/loss on dispositions. Purchase accounting expenses are primarily comprised of amortization of intangible assets. We exclude after-tax purchase accounting expenses because the amount and timing of such charges are significantly impacted by the timing, size, number and nature of the acquisitions the Company consummates. While we have a history of acquisition activity, our acquisitions do not happen in a predictive cycle. Exclusion of purchase accounting expenses facilitates more consistent comparisons of operating results over time. We believe it is important to understand that such intangible assets were recorded as part of purchase accounting and contribute to revenue generation. We exclude the other items because they occur for reasons that may be unrelated to the Company's commercial performance during the period and/or management believes they are not indicative of the Company's ongoing operating costs or gains in a given period.

Adjusted diluted earnings per share from continuing operations or adjusted earnings per share from continuing operations represents diluted earnings per share from continuing operations adjusted for the effect of purchase accounting expenses, restructuring and other costs/benefits and gain/loss on disposition.

Total segment earnings is defined as the sum of earnings before purchase accounting expenses, restructuring and other costs/benefits, gain/loss on dispositions, corporate expenses/other, interest expense, interest income and provision for income taxes for all segments. Total segment earnings margin is defined as total segment earnings divided by revenue.

Adjusted segment EBITDA is defined as segment earnings plus other depreciation and amortization expense, which relates to property, plant, and equipment and intangibles, and excludes amounts related to purchase accounting expenses and restructuring and other costs/benefits. Adjusted segment EBITDA margin is defined as adjusted segment EBITDA divided by revenue.

Management believes the non-GAAP measures above are useful to investors to better understand the Company’s ongoing profitability as they better reflect the Company's core operating results, offer more transparency and facilitate easier comparability to prior and future periods and to its peers.

Free cash flow represents net cash provided by operating activities minus capital expenditures. Free cash flow as a percentage of revenue equals free cash flow divided by revenue. Free cash flow as a percentage of adjusted earnings from continuing operations equals free cash flow divided by adjusted earnings from continuing operations. Management believes that free cash flow and free cash flow ratios are important measures of liquidity because they provide management and investors a measurement of cash generated from operations that is available for mandatory payment obligations and investment opportunities, such as funding acquisitions, paying dividends, repaying debt and repurchasing our common stock.

Management believes that reporting organic revenue growth, which excludes the impact of foreign currency exchange rates and the impact of acquisitions and dispositions, provides a useful comparison of our revenue and trends between periods. We do not provide a reconciliation of forward-looking organic revenue to the most directly comparable GAAP financial measure pursuant to the exception provided in Item 10(e)(1)(i)(B) of Regulation S-K because we are not able to provide a meaningful or accurate compilation of reconciling items. This is due to the inherent difficulty in accurately forecasting the timing and amounts of the items that would be excluded from the most directly comparable GAAP financial measure or are out of our control. For the same reasons, we are unable to address the probable significance of unavailable information which may be material.

IS - 10

Performance Measures Definitions

Bookings represent total orders received from customers in the current reporting period and exclude de-bookings related to orders received in prior periods, if any. This metric is an important measure of performance and an indicator of revenue order trends.

We use the above operational metric in monitoring the performance of the business. We believe the operational metric is useful to investors and other users of our financial information in assessing the performance of our segments.

IS - 11

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