Record Segment Margin Performance
Segment margin performance for the quarter was solid at 22.6%, representing an all-time high for Dover's consolidated portfolio.
Positive Organic Bookings Growth
Bookings were up 5% organically in the quarter with strength in clean energy, thermal connectors, CO2 systems, and biopharma components.
Adjusted EPS Growth
Adjusted EPS from continuing operations was up 6% to $2.27.
Strong Cash Flow Performance
Free cash flow was 17% of revenue in the quarter, up $48 million year-over-year.
Positive Outlook for 2025
The company expects positive portfolio rotation into higher margin businesses and has significant optionality for capital deployment.