Dover's Q3 Earnings: Growth in Sales, Decline in Net Income, and Expansion Plans Ahead

Dover Corporation reported Q3 2025 financial results, reaffirming full-year guidance for GAAP EPS from continuing operations between $8.06 and $8.16, with revenue growth of 4% to 6%. Sales increased YoY, but net income declined. Dover Food Retail will invest over $20 million to expand its Virginia operations and create over 300 new jobs. The updated guidance and sales growth do not alter Dover's long-term growth narrative, but investors should pay close attention to the ongoing risk of demand volatility in legacy markets.