Strong Q2 Performance: Dover reported strong second-quarter results, with adjusted EPS up 16% year-over-year, bolstered by excellent production performance and favorable margin mix from growth platforms. Record adjusted segment EBITDA margins were above 25%, indicating robust operational efficiency.

Positive Order Trends and Guidance Raise: Order trends remained positive, with bookings up 7% year-over-year. The company raised its full-year adjusted EPS guidance to $9.35 to $9.55, reflecting a midpoint increase of 14% year-over-year. The robust backlog heading into the third quarter instills confidence in continued growth.

Sector Performance Variability: Revenue performance varied across segments, with Engineered Products showing declines in vehicle services, while Clean Energy & Fueling grew 8%. The Imaging & ID segment maintained stability with solid margins, whereas challenges were noted in Climate Sustainability from declines in food retail cases and engineering services.