Dover Corporation Is Assembling $400M in M&A Firepower—Is a Portfolio Shakeup Coming? 

Dover Corporation’s second quarter 2025 performance showcased both commendable achievements and areas presenting challenges. On the positive side, the company demonstrated robust operational efficiency, which was marked by its impressive margin performance. The adjusted segment EBITDA margins exceeded 25%, reflecting the success of prior cost actions and a favorable product mix. This contributed significantly to the increase in adjusted EPS by 16% for the quarter. The order trends also presented a positive outlook with a 7% year-overyear increase, reinforcing confidence in continued momentum for the second half of the year.