# EDGAR Filing Document

**Accession Number:** 0000029905
**File Stem:** 0000029905-25-000032
**Filing Date:** 2025-10
**Character Count:** 97979
**Document Hash:** 997854086ccaef24946e8c5f86ae079a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000029905-25-000032.hdr.sgml**: 20251023

**ACCESSION NUMBER**: 0000029905-25-000032

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 16

**CONFORMED PERIOD OF REPORT**: 20251023

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251023

**DATE AS OF CHANGE**: 20251023

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DOVER Corp
- **CENTRAL INDEX KEY:** 0000029905
- **STANDARD INDUSTRIAL CLASSIFICATION:** CONSTRUCTION, MINING & MATERIALS HANDLING MACHINERY & EQUIP [3530]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 530257888
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-04018
- **FILM NUMBER:** 251411323

**BUSINESS ADDRESS:**
- **STREET 1:** 3005 HIGHLAND PARKWAY
- **STREET 2:** SUITE 200
- **CITY:** DOWNERS GROVE
- **STATE:** IL
- **ZIP:** 60515
- **BUSINESS PHONE:** (630) 541-1540

**MAIL ADDRESS:**
- **STREET 1:** 3005 HIGHLAND PARKWAY
- **STREET 2:** SUITE 200
- **CITY:** DOWNERS GROVE
- **STATE:** IL
- **ZIP:** 60515

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DOVER CORP
- **DATE OF NAME CHANGE:** 19920703

?xml version='1.0' encoding='ASCII'? dov-20251023

    

**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): October 23, 2025**

_______________________________

![Image1.jpg](dov-20251023_g1.jpg)

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 |

---

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 ☐&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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 October 23, 2025, Dover Corporation ("Dover") issued the Press Release attached hereto as Exhibit 99.1 announcing its results of operations for the quarter ended September 30, 2025.

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 October 23, 2025, 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 September 30, 2025.

**Item 9.01 Financial Statements and Exhibits.**

&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Exhibits</u>.

The following exhibits are furnished as part of this report:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[99.1 Press Release dated](a202510238-kexhibit991pr.htm)[October](a202510238-kexhibit991pr.htm)[2](a202510238-kexhibit991pr.htm)[3](a202510238-kexhibit991pr.htm)[, 2025](a202510238-kexhibit991pr.htm)</u>

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: | October 23, 2025 | **DOVER CORPORATION** | **DOVER CORPORATION** |
|  |  | (Registrant) | (Registrant) |
|  |  | By: | /s/ Ivonne M. Cabrera |
|  |  |  | Ivonne M. Cabrera |
|  |  |  | Senior Vice President, General Counsel & Secretary |

---

## Exhibit 99.1

&nbsp;&nbsp;&nbsp;&nbsp;**Exhibit 99.1**

![doverlogoa.jpg](doverlogoa.jpg)

---

| | |
|:---|:---|
| **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 THIRD QUARTER 2025 RESULTS**

**DOWNERS GROVE, Ill., October 23, 2025** — Dover (NYSE: DOV), a diversified global manufacturer, announced its financial results for the third quarter ended September 30, 2025. All comparisons are to the comparable period of the prior fiscal year, unless otherwise noted.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended September 30,** | **Three Months Ended September 30,** | **Three Months Ended September 30,** | **Nine Months Ended September 30,** | **Nine Months Ended September 30,** | **Nine Months Ended September 30,** |
| *($ in millions, except per share data)* | **2025** | **2024** | **% Change\*** | **2025** | **2024** | **% Change\*** |
| **U.S. GAAP** | **U.S. GAAP** | **U.S. GAAP** | **U.S. GAAP** | **U.S. GAAP** | **U.S. GAAP** | **U.S. GAAP** |
| Revenue | $2078 | $1984 | 5% | $5993 | $5816 | 3% |
| Earnings from continuing operations  | 303 | 313 | (3)% | 823 | 1162 | (29)% |
| Diluted EPS from continuing operations | 2.20 | 2.26 | (3)% | 5.96 | 8.37 | (29)% |
| **Non-GAAP** | **Non-GAAP** | **Non-GAAP** | **Non-GAAP** | **Non-GAAP** | **Non-GAAP** | **Non-GAAP** |
| Organic revenue change |  |  | 1% |  |  | 1% |
| Adjusted earnings from continuing operations <sup>1</sup> | 361 | 314 | 15% | 981 | 846 | 16% |
| Adjusted diluted EPS from continuing operations | 2.62 | 2.27 | 15% | 7.10 | 6.09 | 17% |

---

<sup>1</sup> Q3 and year-to-date 2025 and 2024 adjusted earnings from continuing operations exclude after-tax purchase accounting expenses, restructuring and other costs, and (gain) loss on dispositions.

\* Change may be impacted by rounding.

For the quarter ended September 30, 2025, Dover generated revenue of $2.1 billion, an increase of 5% (+1% organic). GAAP earnings from continuing operations of $303 million decreased 3%, and GAAP diluted EPS from continuing operations of $2.20 was down 3%. On an adjusted basis, earnings from continuing operations of $361 million were up 15% and adjusted diluted EPS from continuing operations of $2.62 was up 15%.

For the nine months ended September 30, 2025, Dover generated revenue of $6.0 billion, an increase of 3% (+1% organic). GAAP earnings from continuing operations of $823 million decreased by 29%, and GAAP diluted EPS from continuing operations of $5.96 was down 29%, both principally due to the gain on the disposition of De-Sta-Co in the comparable period of the prior year. On an adjusted basis, earnings from continuing operations of $981 million increased 16%, and adjusted diluted EPS from continuing operations of $7.10 was up 17%.

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 are pleased with Dover's third quarter results. Top line performance in the quarter was driven by broad-based shipment growth in short cycle components, continued strength across our secular-growth end markets, and outperformance from recently-closed acquisitions. These gains more than offset near-term headwinds in two capital goods-exposed end markets, vehicle aftermarket and refrigerated door cases, each of which we expect to improve through the balance of the year.

"Order trends continued to post positive momentum, providing good visibility for the fourth quarter and into next year. Margin performance in the quarter was exemplary, with a record consolidated segment margin, a result of the positive mix impact from our growth platforms, solid execution, and our rigorous cost containment and productivity actions.

"Capital deployment remains a key driver of our double-digit earnings growth. This year we have increased our investments in high-ROI capital projects focused on productivity and capacity expansions as well as targeted footprint optimization. During the quarter we announced that our Anthony® glass door manufacturing operations will transition from Sylmar, CA to our existing Hillphoenix® refrigerated case manufacturing site in Richmond, VA, a move we expect to deliver meaningful cost savings and operational efficiencies over the next 18 months. Our balance sheet strength remains an advantage that provides flexibility and attractive optionality as we pursue value-creating bolt-on acquisitions and opportunistic capital return strategies.

"We have a constructive outlook for the remainder of 2025. Despite some macroeconomic uncertainty, underlying end market demand is healthy across much of the portfolio and is supported by our sustained order growth. As a result, we are increasing our full year adjusted EPS guidance from $9.35-$9.55 to $9.50-$9.60."

**FULL YEAR 2025 GUIDANCE:**

In 2025, Dover expects to generate GAAP EPS from continuing operations in the range of $8.06 to $8.16 (adjusted EPS from continuing operations of $9.50 to $9.60), based on full year revenue growth of 4% to 6%.

**CONFERENCE CALL INFORMATION:**

Dover will host a webcast and conference call to discuss its third quarter results at 9:30 A.M. Eastern Time (8:30 A.M. Central Time) on Thursday, October 23, 2025. 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 $7 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 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, 2024, 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.

------

**<u>INVESTOR SUPPLEMENT - THIRD QUARTER 2025</u>**

**DOVER CORPORATION**

**CONSOLIDATED STATEMENTS OF EARNINGS**

(unaudited)(in thousands)

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended September 30,** | **Three Months Ended September 30,** | **Nine Months Ended September 30,** | **Nine Months Ended September 30,** |
| | **2025** | **2024** | **2025** | **2024** |
| **Revenue** | $2077841 | $1983542 | $5993492 | $5816043 |
| Cost of goods and services | 1244247 | 1220355 | 3596136 | 3603146 |
| **Gross profit** | 833594 | 763187 | 2397356 | 2212897 |
| Selling, general and administrative expenses | 456441 | 429570 | 1369297 | 1301606 |
| **Operating earnings** | 377153 | 333617 | 1028059 | 911291 |
| Interest expense | 27239 | 34128 | 81638 | 102867 |
| Interest income | (17804) | (5176) | (55993) | (14013) |
| Gain on dispositions |  | (68633) | (4644) | (597913) |
| Other income, net | (18525) | (13032) | (26663) | (33016) |
| **Earnings before provision for income taxes** | 386243 | 386330 | 1033721 | 1453366 |
| Provision for income taxes | 82951 | 73434 | 211058 | 291781 |
| **Earnings from continuing operations** | 303292 | 312896 | 822663 | 1161585 |
| (Loss) earnings from discontinued operations, net | (1296) | 34204 | (10782) | 99558 |
| **Net earnings** | $301996 | $347100 | $811881 | $1261143 |

---

IS - 1

------

**DOVER CORPORATION**

**QUARTERLY EARNINGS PER SHARE**

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

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **<u>Earnings Per Share</u>** | | | | | | | | | | |
|  | **2025** | **2025** | **2025** | **2025** | **2024** | **2024** | **2024** | **2024** | **2024** | **2024** |
|  | **Q1** | **Q2** | **Q3** | **Q3 YTD** | **Q1** | **Q2** | **Q3** | **Q3 YTD** | **Q4** | **FY 2024** |
| **Basic (loss) earnings per share:** | **Basic (loss) earnings per share:** | **Basic (loss) earnings per share:** | **Basic (loss) earnings per share:** | **Basic (loss) earnings per share:** | **Basic (loss) earnings per share:** | **Basic (loss) earnings per share:** | **Basic (loss) earnings per share:** | **Basic (loss) earnings per share:** | **Basic (loss) earnings per share:** | **Basic (loss) earnings per share:** |
| Continuing operations | $1.74 | $2.04 | $2.21 | $**5.99** | $4.33 | $1.79 | $2.28 | $**8.42** | $1.74 | $**10.16** |
| Discontinued operations | $(0.06) | $(0.01) | $(0.01) | $**(0.08)** | $0.22 | $0.26 | $0.25 | $**0.72** | $8.73 | $**9.42** |
| Net earnings | $1.68 | $2.03 | $2.20 | $**5.92** | $4.55 | $2.05 | $2.53 | $**9.14** | $10.47 | $**19.58** |
| **Diluted (loss) earnings per share:** | **Diluted (loss) earnings per share:** | **Diluted (loss) earnings per share:** |  |  |  |  |  |  |  |  |
| Continuing operations | $1.73 | $2.03 | $2.20 | $**5.96** | $4.30 | $1.78 | $2.26 | $**8.37** | $1.72 | $**10.09** |
| Discontinued operations | $(0.06) | $(0.01) | $(0.01) | $**(0.08)** | $0.22 | $0.25 | $0.25 | $**0.72** | $8.66 | $**9.35** |
| Net earnings | $1.67 | $2.02 | $2.19 | $**5.88** | $4.52 | $2.04 | $2.51 | $**9.08** | $10.38 | $**19.45** |
| **Net (loss) earnings and weighted average shares used in calculated (loss) earnings per share amounts are as follows:** | **Net (loss) earnings and weighted average shares used in calculated (loss) earnings per share amounts are as follows:** | **Net (loss) earnings and weighted average shares used in calculated (loss) earnings per share amounts are as follows:** | **Net (loss) earnings and weighted average shares used in calculated (loss) earnings per share amounts are as follows:** | **Net (loss) earnings and weighted average shares used in calculated (loss) earnings per share amounts are as follows:** | **Net (loss) earnings and weighted average shares used in calculated (loss) earnings per share amounts are as follows:** | **Net (loss) earnings and weighted average shares used in calculated (loss) earnings per share amounts are as follows:** | **Net (loss) earnings and weighted average shares used in calculated (loss) earnings per share amounts are as follows:** | **Net (loss) earnings and weighted average shares used in calculated (loss) earnings per share amounts are as follows:** | **Net (loss) earnings and weighted average shares used in calculated (loss) earnings per share amounts are as follows:** | **Net (loss) earnings and weighted average shares used in calculated (loss) earnings per share amounts are as follows:** |
| Continuing operations | $239241 | $280130 | $303292 | $**822663** | $602102 | $246587 | $312896 | $**1161585** | $238383 | $**1399968** |
| Discontinued operations | (8420) | (1066) | (1296) | **(10782)** | 30119 | 35235 | 34204 | **99558** | 1197600 | **1297158** |
| Net earnings | $230821 | $279064 | $301996 | $**811881** | $632221 | $281822 | $347100 | $**1261143** | $1435983 | $**2697126** |
| **Weighted average shares outstanding:** | **Weighted average shares outstanding:** | **Weighted average shares outstanding:** |  |  |  |  |  |  |  |  |
| Basic | 137267 | 137226 | 137236 | **137254** | 139051 | 137443 | 137251 | **137913** | 137205 | **137735** |
| Diluted | 138260 | 137974 | 138029 | **138099** | 139869 | 138404 | 138223 | **138830** | 138298 | **138696** |
| Dividends paid per common share | $0.515 | $0.515 | $0.52 | $1.55 | $0.51 | $0.51 | $0.515 | $1.54 | $0.515 | $**2.05** |
| \* Per share data may be impacted by rounding. | \* Per share data may be impacted by rounding. | \* Per share data may be impacted by rounding. | \* Per share data may be impacted by rounding. | \* Per share data may be impacted by rounding. | \* Per share data may be impacted by rounding. | \* Per share data may be impacted by rounding. | \* Per share data may be impacted by rounding. | \* Per share data may be impacted by rounding. |  |  |

---

IS - 2

------

**DOVER CORPORATION**

**QUARTERLY SEGMENT INFORMATION**

(unaudited)(in thousands)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **2025** | **2025** | **2025** | **2025** | **2024** | **2024** | **2024** | **2024** | **2024** | **2024** |
| | **Q1** | **Q2** | **Q3** | **Q3 YTD** | **Q1** | **Q2** | **Q3** | **Q3 YTD** | **Q4** | **FY 2024** |
| **<u>REVENUE</u>** |  |  |  |  |  |  |  |  |  |  |
| Engineered Products | 254646 | 275944 | 279705 | **810295** | 332820 | 285297 | 296117 | **914234** | 288223 | **1202457** |
| Clean Energy & Fueling | 491148 | 546097 | 541368 | **1578613** | 445053 | 463014 | 500685 | **1408752** | 528032 | **1936784** |
| Imaging & Identification | 280090 | 292009 | 299100 | **871199** | 276806 | 287593 | 283966 | **848365** | 288800 | **1137165** |
| Pumps & Process Solutions | 493573 | 520554 | 550920 | **1565047** | 465729 | 477239 | 472463 | **1415431** | 479135 | **1894566** |
| Climate & Sustainability Technologies | 347888 | 416151 | 408529 | **1172568** | 364292 | 436706 | 431127 | **1232125** | 347524 | **1579649** |
| Intersegment eliminations | (1286) | (1163) | (1781) | **(4230)** | (981) | (1067) | (816) | **(2864)** | (1848) | **(4712)** |
| Total consolidated revenue | 1866059 | 2049592 | 2077841 | **5993492** | 1883719 | 1948782 | 1983542 | **5816043** | 1929866 | **7745909** |
| **<u>EARNINGS FROM CONTINUING OPERATIONS</u>** | **<u>EARNINGS FROM CONTINUING OPERATIONS</u>** | **<u>EARNINGS FROM CONTINUING OPERATIONS</u>** | **<u>EARNINGS FROM CONTINUING OPERATIONS</u>** |  |  |  |  |  |  |  |
| Segment Earnings: |  |  |  |  |  |  |  |  |  |  |
| Engineered Products | 44114 | 53511 | 57483 | **155108** | 62532 | 52095 | 56621 | **171248** | 59989 | **231237** |
| Clean Energy & Fueling | 85644 | 107771 | 118665 | **312080** | 69675 | 87536 | 99536 | **256747** | 103246 | **359993** |
| Imaging & Identification | 77575 | 76937 | 81772 | **236284** | 69959 | 75786 | 77247 | **222992** | 78715 | **301707** |
| Pumps & Process Solutions | 151275 | 159504 | 168565 | **479344** | 118737 | 137217 | 138277 | **394231** | 142375 | **536606** |
| Climate & Sustainability Technologies | 52119 | 77262 | 76002 | **205383** | 50759 | 79127 | 76015 | **205901** | 44974 | **250875** |
| Total segment earnings | 410727 | 474985 | 502487 | **1388199** | 371662 | 431761 | 447696 | **1251119** | 429299 | **1680418** |
| Purchase accounting expenses <sup>1</sup> | 49104 | 51123 | 59381 | **159608** | 44187 | 44332 | 48356 | **136875** | 49366 | **186241** |
| Restructuring and other costs <sup>2</sup> | 9397 | 23210 | 15913 | **48520** | 23971 | 11590 | 16581 | **52142** | 32841 | **84983** |
| (Gain) loss on dispositions <sup>3</sup> | (2468) | (2176) |  | **(4644)** | (529943) | 663 | (68633) | (597913) | 115 | **(597798)** |
| Corporate expense / other <sup>4</sup> | 51959 | 41875 | 31515 | **125349** | 42159 | 39526 | 36110 | **117795** | 38168 | **155963** |
| Interest expense | 27608 | 26791 | 27239 | **81638** | 36365 | 32374 | 34128 | **102867** | 28304 | **131171** |
| Interest income | (20254) | (17935) | (17804) | **(55993)** | (4756) | (4081) | (5176) | **(14013)** | (23145) | **(37158)** |
| Earnings before provision for income taxes | 295381 | 352097 | 386243 | **1033721** | 759679 | 307357 | 386330 | **1453366** | 303650 | **1757016** |
| Provision for income taxes | 56140 | 71967 | 82951 | **211058** | 157577 | 60770 | 73434 | **291781** | 65267 | **357048** |
| Earnings from continuing operations | 239241 | 280130 | 303292 | **822663** | 602102 | 246587 | 312896 | **1161585** | 238383 | **1399968** |
| **<u>SEGMENT EARNINGS MARGIN</u>** | **<u>SEGMENT EARNINGS MARGIN</u>** | **<u>SEGMENT EARNINGS MARGIN</u>** |  |  |  |  |  |  |  |  |
| Engineered Products | 17.3% | 19.4% | 20.6% | **19.1%** | 18.8% | 18.3% | 19.1% | **18.7%** | 20.8% | **19.2%** |
| Clean Energy & Fueling | 17.4% | 19.7% | 21.9% | **19.8%** | 15.7% | 18.9% | 19.9% | **18.2%** | 19.6% | **18.6%** |
| Imaging & Identification | 27.7% | 26.3% | 27.3% | **27.1%** | 25.3% | 26.4% | 27.2% | **26.3%** | 27.3% | **26.5%** |
| Pumps & Process Solutions | 30.6% | 30.6% | 30.6% | **30.6%** | 25.5% | 28.8% | 29.3% | **27.9%** | 29.7% | **28.3%** |
| Climate & Sustainability Technologies | 15.0% | 18.6% | 18.6% | **17.5%** | 13.9% | 18.1% | 17.6% | **16.7%** | 12.9% | **15.9%** |
| Total segment earnings margin | 22.0% | 23.2% | 24.2% | **23.2%** | 19.7% | 22.2% | 22.6% | **21.5%** | 22.2% | **21.7%** |
| <sup>1</sup> Purchase accounting expenses are primarily comprised of amortization of intangible assets. | <sup>1</sup> Purchase accounting expenses are primarily comprised of amortization of intangible assets. | <sup>1</sup> Purchase accounting expenses are primarily comprised of amortization of intangible assets. | <sup>1</sup> Purchase accounting expenses are primarily comprised of amortization of intangible assets. | <sup>1</sup> Purchase accounting expenses are primarily comprised of amortization of intangible assets. | <sup>1</sup> Purchase accounting expenses are primarily comprised of amortization of intangible assets. | <sup>1</sup> Purchase accounting expenses are primarily comprised of amortization of intangible assets. | <sup>1</sup> Purchase accounting expenses are primarily comprised of amortization of intangible assets. | <sup>1</sup> Purchase accounting expenses are primarily comprised of amortization of intangible assets. | <sup>1</sup> Purchase accounting expenses are primarily comprised of amortization of intangible assets. | <sup>1</sup> Purchase accounting expenses are primarily comprised of amortization of intangible assets. |
| <sup>2</sup> Restructuring and other costs relate to actions taken for headcount reductions, facility consolidations and site closures, product line exits, and other asset charges. | <sup>2</sup> Restructuring and other costs relate to actions taken for headcount reductions, facility consolidations and site closures, product line exits, and other asset charges. | <sup>2</sup> Restructuring and other costs relate to actions taken for headcount reductions, facility consolidations and site closures, product line exits, and other asset charges. | <sup>2</sup> Restructuring and other costs relate to actions taken for headcount reductions, facility consolidations and site closures, product line exits, and other asset charges. | <sup>2</sup> Restructuring and other costs relate to actions taken for headcount reductions, facility consolidations and site closures, product line exits, and other asset charges. | <sup>2</sup> Restructuring and other costs relate to actions taken for headcount reductions, facility consolidations and site closures, product line exits, and other asset charges. | <sup>2</sup> Restructuring and other costs relate to actions taken for headcount reductions, facility consolidations and site closures, product line exits, and other asset charges. | <sup>2</sup> Restructuring and other costs relate to actions taken for headcount reductions, facility consolidations and site closures, product line exits, and other asset charges. | <sup>2</sup> Restructuring and other costs relate to actions taken for headcount reductions, facility consolidations and site closures, product line exits, and other asset charges. | <sup>2</sup> Restructuring and other costs relate to actions taken for headcount reductions, facility consolidations and site closures, product line exits, and other asset charges. | <sup>2</sup> Restructuring and other costs relate to actions taken for headcount reductions, facility consolidations and site closures, product line exits, and other asset charges. |
| <sup>3</sup> (Gain) loss on dispositions, including post-closing adjustments. | <sup>3</sup> (Gain) loss on dispositions, including post-closing adjustments. | <sup>3</sup> (Gain) loss on dispositions, including post-closing adjustments. | <sup>3</sup> (Gain) loss on dispositions, including post-closing adjustments. | <sup>3</sup> (Gain) loss on dispositions, including post-closing adjustments. | <sup>3</sup> (Gain) loss on dispositions, including post-closing adjustments. | <sup>3</sup> (Gain) loss on dispositions, including post-closing adjustments. | <sup>3</sup> (Gain) loss on dispositions, including post-closing adjustments. | <sup>3</sup> (Gain) loss on dispositions, including post-closing adjustments. | <sup>3</sup> (Gain) loss on dispositions, including post-closing adjustments. | <sup>3</sup> (Gain) loss on dispositions, including post-closing adjustments. |
| <sup>4</sup> 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. | <sup>4</sup> 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. | <sup>4</sup> 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. | <sup>4</sup> 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. | <sup>4</sup> 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. | <sup>4</sup> 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. | <sup>4</sup> 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. | <sup>4</sup> 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. | <sup>4</sup> 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. | <sup>4</sup> 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. | <sup>4</sup> 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\*)

**<u>Non-GAAP Reconciliations</u>**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **2025** | **2025** | **2025** | **2025** | **2024** | **2024** | **2024** | **2024** | **2024** | **2024** |
| | **Q1** | **Q2** | **Q3** | **Q3 YTD** | **Q1** | **Q2** | **Q3** | **Q3 YTD** | **Q4** | **FY 2024** |
| **Adjusted earnings from continuing operations:** | **Adjusted earnings from continuing operations:** | **Adjusted earnings from continuing operations:** |  |  |  |  |  |  |  |  |
| Earnings from continuing operations | $239241 | $280130 | $303292 | $**822663** | $602102 | $246587 | $312896 | $**1161585** | $238383 | $**1399968** |
| Purchase accounting expenses, pre-tax <sup>1</sup> | 49104 | 51123 | 59381 | **159608** | 44187 | 44332 | 48356 | **136875** | 49366 | **186241** |
| Purchase accounting expenses, tax impact <sup>2</sup> | (10919) | (11367) | (14067) | **(36353)** | (9711) | (9760) | (10633) | **(30104)** | (10911) | **(41015)** |
| Restructuring and other costs, pre-tax <sup>3</sup> | 9397 | 23210 | 15913 | **48520** | 23971 | 11590 | 16581 | **52142** | 32841 | **84983** |
| Restructuring and other costs, tax impact <sup>2</sup> | (1887) | (4642) | (3230) | **(9759)** | (4734) | (2479) | (3465) | **(10678)** | (6864) | **(17542)** |
| (Gain) loss on dispositions, pre-tax <sup>4</sup> | (2468) | (2176) |  | **(4644)** | (529943) | 663 | (68633) | **(597913)** | 115 | **(597798)** |
| (Gain) loss on dispositions, tax-impact <sup>2</sup> | 689 | 435 |  | **1124** | 114973 | (144) | 18889 | **133718** | 1695 | **135413** |
| Adjusted earnings from continuing operations | $283157 | $336713 | $361289 | $**981159** | $240845 | $290789 | $313991 | $**845625** | $304625 | $**1150250** |
| **Adjusted diluted earnings per share from continuing operations:** | **Adjusted diluted earnings per share from continuing operations:** | **Adjusted diluted earnings per share from continuing operations:** | **Adjusted diluted earnings per share from continuing operations:** | **Adjusted diluted earnings per share from continuing operations:** |  |  |  |  |  |  |
| Diluted earnings per share from continuing operations | $1.73 | $2.03 | $2.20 | $**5.96** | $4.30 | $1.78 | $2.26 | $**8.37** | $1.72 | $**10.09** |
| Purchase accounting expenses, pre-tax <sup>1</sup> | 0.36 | 0.37 | 0.43 | **1.16** | 0.32 | 0.32 | 0.35 | **0.99** | 0.36 | **1.34** |
| Purchase accounting expenses, tax impact <sup>2</sup> | (0.08) | (0.08) | (0.10) | **(0.26)** | (0.07) | (0.07) | (0.08) | **(0.22)** | (0.08) | **(0.30)** |
| Restructuring and other costs, pre-tax <sup>3</sup> | 0.07 | 0.17 | 0.12 | **0.35** | 0.17 | 0.08 | 0.12 | **0.38** | 0.24 | **0.61** |
| Restructuring and other costs, tax impact <sup>2</sup> | (0.01) | (0.03) | (0.02) | **(0.07)** | (0.03) | (0.02) | (0.03) | **(0.08)** | (0.05) | **(0.13)** |
| (Gain) loss on dispositions, pre-tax <sup>4</sup> | (0.02) | (0.02) |  | **(0.03)** | (3.79) |  | (0.50) | (4.31) |  | **(4.31)** |
| (Gain) loss on dispositions, tax-impact <sup>2</sup> |  |  |  | **0.01** | 0.82 |  | 0.14 | 0.96 | 0.01 | **0.98** |
| Adjusted diluted earnings per share from continuing operations | $2.05 | $2.44 | $2.62 | $**7.10** | $1.72 | $2.10 | $2.27 | $**6.09** | $2.20 | $**8.29** |
| <sup>1</sup> Purchase accounting expenses are primarily comprised of amortization of intangible assets. | <sup>1</sup> Purchase accounting expenses are primarily comprised of amortization of intangible assets. | <sup>1</sup> Purchase accounting expenses are primarily comprised of amortization of intangible assets. | <sup>1</sup> Purchase accounting expenses are primarily comprised of amortization of intangible assets. | <sup>1</sup> Purchase accounting expenses are primarily comprised of amortization of intangible assets. | <sup>1</sup> Purchase accounting expenses are primarily comprised of amortization of intangible assets. | <sup>1</sup> Purchase accounting expenses are primarily comprised of amortization of intangible assets. | <sup>1</sup> Purchase accounting expenses are primarily comprised of amortization of intangible assets. | <sup>1</sup> Purchase accounting expenses are primarily comprised of amortization of intangible assets. | <sup>1</sup> Purchase accounting expenses are primarily comprised of amortization of intangible assets. | <sup>1</sup> Purchase accounting expenses are primarily comprised of amortization of intangible assets. |
| <sup>2</sup> Adjustments were tax effected using the statutory tax rates in the applicable jurisdictions or the effective tax rate, where applicable, for each period. The tax impact of the (gain) loss on dispositions in Q4 2024 reflects updated tax information related to a Q3 2024 disposition. | <sup>2</sup> Adjustments were tax effected using the statutory tax rates in the applicable jurisdictions or the effective tax rate, where applicable, for each period. The tax impact of the (gain) loss on dispositions in Q4 2024 reflects updated tax information related to a Q3 2024 disposition. | <sup>2</sup> Adjustments were tax effected using the statutory tax rates in the applicable jurisdictions or the effective tax rate, where applicable, for each period. The tax impact of the (gain) loss on dispositions in Q4 2024 reflects updated tax information related to a Q3 2024 disposition. | <sup>2</sup> Adjustments were tax effected using the statutory tax rates in the applicable jurisdictions or the effective tax rate, where applicable, for each period. The tax impact of the (gain) loss on dispositions in Q4 2024 reflects updated tax information related to a Q3 2024 disposition. | <sup>2</sup> Adjustments were tax effected using the statutory tax rates in the applicable jurisdictions or the effective tax rate, where applicable, for each period. The tax impact of the (gain) loss on dispositions in Q4 2024 reflects updated tax information related to a Q3 2024 disposition. | <sup>2</sup> Adjustments were tax effected using the statutory tax rates in the applicable jurisdictions or the effective tax rate, where applicable, for each period. The tax impact of the (gain) loss on dispositions in Q4 2024 reflects updated tax information related to a Q3 2024 disposition. | <sup>2</sup> Adjustments were tax effected using the statutory tax rates in the applicable jurisdictions or the effective tax rate, where applicable, for each period. The tax impact of the (gain) loss on dispositions in Q4 2024 reflects updated tax information related to a Q3 2024 disposition. | <sup>2</sup> Adjustments were tax effected using the statutory tax rates in the applicable jurisdictions or the effective tax rate, where applicable, for each period. The tax impact of the (gain) loss on dispositions in Q4 2024 reflects updated tax information related to a Q3 2024 disposition. | <sup>2</sup> Adjustments were tax effected using the statutory tax rates in the applicable jurisdictions or the effective tax rate, where applicable, for each period. The tax impact of the (gain) loss on dispositions in Q4 2024 reflects updated tax information related to a Q3 2024 disposition. | <sup>2</sup> Adjustments were tax effected using the statutory tax rates in the applicable jurisdictions or the effective tax rate, where applicable, for each period. The tax impact of the (gain) loss on dispositions in Q4 2024 reflects updated tax information related to a Q3 2024 disposition. | <sup>2</sup> Adjustments were tax effected using the statutory tax rates in the applicable jurisdictions or the effective tax rate, where applicable, for each period. The tax impact of the (gain) loss on dispositions in Q4 2024 reflects updated tax information related to a Q3 2024 disposition. |
| <sup>3</sup> Restructuring and other costs relate to actions taken for headcount reductions, facility consolidations and site closures, product line exits, and other asset charges. Q3 2025 and YTD 2025 include other costs of $1.8 million and $3.3 million, respectively, associated with a footprint reduction within our Climate & Sustainability Technologies segment. YTD 2025 also includes other costs of $4.0 million associated with a product line exit within our Climate & Sustainability Technologies segment. Q1 2024 and FY 2024 include $3.4 million of non-cash asset impairment charges for our Climate & Sustainability Technologies segment.  | <sup>3</sup> Restructuring and other costs relate to actions taken for headcount reductions, facility consolidations and site closures, product line exits, and other asset charges. Q3 2025 and YTD 2025 include other costs of $1.8 million and $3.3 million, respectively, associated with a footprint reduction within our Climate & Sustainability Technologies segment. YTD 2025 also includes other costs of $4.0 million associated with a product line exit within our Climate & Sustainability Technologies segment. Q1 2024 and FY 2024 include $3.4 million of non-cash asset impairment charges for our Climate & Sustainability Technologies segment.  | <sup>3</sup> Restructuring and other costs relate to actions taken for headcount reductions, facility consolidations and site closures, product line exits, and other asset charges. Q3 2025 and YTD 2025 include other costs of $1.8 million and $3.3 million, respectively, associated with a footprint reduction within our Climate & Sustainability Technologies segment. YTD 2025 also includes other costs of $4.0 million associated with a product line exit within our Climate & Sustainability Technologies segment. Q1 2024 and FY 2024 include $3.4 million of non-cash asset impairment charges for our Climate & Sustainability Technologies segment.  | <sup>3</sup> Restructuring and other costs relate to actions taken for headcount reductions, facility consolidations and site closures, product line exits, and other asset charges. Q3 2025 and YTD 2025 include other costs of $1.8 million and $3.3 million, respectively, associated with a footprint reduction within our Climate & Sustainability Technologies segment. YTD 2025 also includes other costs of $4.0 million associated with a product line exit within our Climate & Sustainability Technologies segment. Q1 2024 and FY 2024 include $3.4 million of non-cash asset impairment charges for our Climate & Sustainability Technologies segment.  | <sup>3</sup> Restructuring and other costs relate to actions taken for headcount reductions, facility consolidations and site closures, product line exits, and other asset charges. Q3 2025 and YTD 2025 include other costs of $1.8 million and $3.3 million, respectively, associated with a footprint reduction within our Climate & Sustainability Technologies segment. YTD 2025 also includes other costs of $4.0 million associated with a product line exit within our Climate & Sustainability Technologies segment. Q1 2024 and FY 2024 include $3.4 million of non-cash asset impairment charges for our Climate & Sustainability Technologies segment.  | <sup>3</sup> Restructuring and other costs relate to actions taken for headcount reductions, facility consolidations and site closures, product line exits, and other asset charges. Q3 2025 and YTD 2025 include other costs of $1.8 million and $3.3 million, respectively, associated with a footprint reduction within our Climate & Sustainability Technologies segment. YTD 2025 also includes other costs of $4.0 million associated with a product line exit within our Climate & Sustainability Technologies segment. Q1 2024 and FY 2024 include $3.4 million of non-cash asset impairment charges for our Climate & Sustainability Technologies segment.  | <sup>3</sup> Restructuring and other costs relate to actions taken for headcount reductions, facility consolidations and site closures, product line exits, and other asset charges. Q3 2025 and YTD 2025 include other costs of $1.8 million and $3.3 million, respectively, associated with a footprint reduction within our Climate & Sustainability Technologies segment. YTD 2025 also includes other costs of $4.0 million associated with a product line exit within our Climate & Sustainability Technologies segment. Q1 2024 and FY 2024 include $3.4 million of non-cash asset impairment charges for our Climate & Sustainability Technologies segment.  | <sup>3</sup> Restructuring and other costs relate to actions taken for headcount reductions, facility consolidations and site closures, product line exits, and other asset charges. Q3 2025 and YTD 2025 include other costs of $1.8 million and $3.3 million, respectively, associated with a footprint reduction within our Climate & Sustainability Technologies segment. YTD 2025 also includes other costs of $4.0 million associated with a product line exit within our Climate & Sustainability Technologies segment. Q1 2024 and FY 2024 include $3.4 million of non-cash asset impairment charges for our Climate & Sustainability Technologies segment.  | <sup>3</sup> Restructuring and other costs relate to actions taken for headcount reductions, facility consolidations and site closures, product line exits, and other asset charges. Q3 2025 and YTD 2025 include other costs of $1.8 million and $3.3 million, respectively, associated with a footprint reduction within our Climate & Sustainability Technologies segment. YTD 2025 also includes other costs of $4.0 million associated with a product line exit within our Climate & Sustainability Technologies segment. Q1 2024 and FY 2024 include $3.4 million of non-cash asset impairment charges for our Climate & Sustainability Technologies segment.  | <sup>3</sup> Restructuring and other costs relate to actions taken for headcount reductions, facility consolidations and site closures, product line exits, and other asset charges. Q3 2025 and YTD 2025 include other costs of $1.8 million and $3.3 million, respectively, associated with a footprint reduction within our Climate & Sustainability Technologies segment. YTD 2025 also includes other costs of $4.0 million associated with a product line exit within our Climate & Sustainability Technologies segment. Q1 2024 and FY 2024 include $3.4 million of non-cash asset impairment charges for our Climate & Sustainability Technologies segment.  | <sup>3</sup> Restructuring and other costs relate to actions taken for headcount reductions, facility consolidations and site closures, product line exits, and other asset charges. Q3 2025 and YTD 2025 include other costs of $1.8 million and $3.3 million, respectively, associated with a footprint reduction within our Climate & Sustainability Technologies segment. YTD 2025 also includes other costs of $4.0 million associated with a product line exit within our Climate & Sustainability Technologies segment. Q1 2024 and FY 2024 include $3.4 million of non-cash asset impairment charges for our Climate & Sustainability Technologies segment.  |
| <sup>4</sup> (Gain) loss on dispositions represents a $529.9 million gain recorded during Q1 2024 and a $0.7 million loss and $1.1 million gain recorded as post-closing adjustments in Q2 2024 and Q4 2024, respectively, on the disposition of De-Sta-Co in the Engineered Products segment. Additionally, a gain of $68.6 million was recorded in Q3 2024 and a $1.2 million post-closing adjustment (reduction to the gain) in Q4 2024 on the disposition of a minority owned equity method investment in the Climate & Sustainability Technologies segment. | <sup>4</sup> (Gain) loss on dispositions represents a $529.9 million gain recorded during Q1 2024 and a $0.7 million loss and $1.1 million gain recorded as post-closing adjustments in Q2 2024 and Q4 2024, respectively, on the disposition of De-Sta-Co in the Engineered Products segment. Additionally, a gain of $68.6 million was recorded in Q3 2024 and a $1.2 million post-closing adjustment (reduction to the gain) in Q4 2024 on the disposition of a minority owned equity method investment in the Climate & Sustainability Technologies segment. | <sup>4</sup> (Gain) loss on dispositions represents a $529.9 million gain recorded during Q1 2024 and a $0.7 million loss and $1.1 million gain recorded as post-closing adjustments in Q2 2024 and Q4 2024, respectively, on the disposition of De-Sta-Co in the Engineered Products segment. Additionally, a gain of $68.6 million was recorded in Q3 2024 and a $1.2 million post-closing adjustment (reduction to the gain) in Q4 2024 on the disposition of a minority owned equity method investment in the Climate & Sustainability Technologies segment. | <sup>4</sup> (Gain) loss on dispositions represents a $529.9 million gain recorded during Q1 2024 and a $0.7 million loss and $1.1 million gain recorded as post-closing adjustments in Q2 2024 and Q4 2024, respectively, on the disposition of De-Sta-Co in the Engineered Products segment. Additionally, a gain of $68.6 million was recorded in Q3 2024 and a $1.2 million post-closing adjustment (reduction to the gain) in Q4 2024 on the disposition of a minority owned equity method investment in the Climate & Sustainability Technologies segment. | <sup>4</sup> (Gain) loss on dispositions represents a $529.9 million gain recorded during Q1 2024 and a $0.7 million loss and $1.1 million gain recorded as post-closing adjustments in Q2 2024 and Q4 2024, respectively, on the disposition of De-Sta-Co in the Engineered Products segment. Additionally, a gain of $68.6 million was recorded in Q3 2024 and a $1.2 million post-closing adjustment (reduction to the gain) in Q4 2024 on the disposition of a minority owned equity method investment in the Climate & Sustainability Technologies segment. | <sup>4</sup> (Gain) loss on dispositions represents a $529.9 million gain recorded during Q1 2024 and a $0.7 million loss and $1.1 million gain recorded as post-closing adjustments in Q2 2024 and Q4 2024, respectively, on the disposition of De-Sta-Co in the Engineered Products segment. Additionally, a gain of $68.6 million was recorded in Q3 2024 and a $1.2 million post-closing adjustment (reduction to the gain) in Q4 2024 on the disposition of a minority owned equity method investment in the Climate & Sustainability Technologies segment. | <sup>4</sup> (Gain) loss on dispositions represents a $529.9 million gain recorded during Q1 2024 and a $0.7 million loss and $1.1 million gain recorded as post-closing adjustments in Q2 2024 and Q4 2024, respectively, on the disposition of De-Sta-Co in the Engineered Products segment. Additionally, a gain of $68.6 million was recorded in Q3 2024 and a $1.2 million post-closing adjustment (reduction to the gain) in Q4 2024 on the disposition of a minority owned equity method investment in the Climate & Sustainability Technologies segment. | <sup>4</sup> (Gain) loss on dispositions represents a $529.9 million gain recorded during Q1 2024 and a $0.7 million loss and $1.1 million gain recorded as post-closing adjustments in Q2 2024 and Q4 2024, respectively, on the disposition of De-Sta-Co in the Engineered Products segment. Additionally, a gain of $68.6 million was recorded in Q3 2024 and a $1.2 million post-closing adjustment (reduction to the gain) in Q4 2024 on the disposition of a minority owned equity method investment in the Climate & Sustainability Technologies segment. | <sup>4</sup> (Gain) loss on dispositions represents a $529.9 million gain recorded during Q1 2024 and a $0.7 million loss and $1.1 million gain recorded as post-closing adjustments in Q2 2024 and Q4 2024, respectively, on the disposition of De-Sta-Co in the Engineered Products segment. Additionally, a gain of $68.6 million was recorded in Q3 2024 and a $1.2 million post-closing adjustment (reduction to the gain) in Q4 2024 on the disposition of a minority owned equity method investment in the Climate & Sustainability Technologies segment. | <sup>4</sup> (Gain) loss on dispositions represents a $529.9 million gain recorded during Q1 2024 and a $0.7 million loss and $1.1 million gain recorded as post-closing adjustments in Q2 2024 and Q4 2024, respectively, on the disposition of De-Sta-Co in the Engineered Products segment. Additionally, a gain of $68.6 million was recorded in Q3 2024 and a $1.2 million post-closing adjustment (reduction to the gain) in Q4 2024 on the disposition of a minority owned equity method investment in the Climate & Sustainability Technologies segment. | <sup>4</sup> (Gain) loss on dispositions represents a $529.9 million gain recorded during Q1 2024 and a $0.7 million loss and $1.1 million gain recorded as post-closing adjustments in Q2 2024 and Q4 2024, respectively, on the disposition of De-Sta-Co in the Engineered Products segment. Additionally, a gain of $68.6 million was recorded in Q3 2024 and a $1.2 million post-closing adjustment (reduction to the gain) in Q4 2024 on the disposition of a minority owned equity method investment in the Climate & Sustainability Technologies segment. |
| \* Per share data and totals may be impacted by rounding. | \* Per share data and totals may be impacted by rounding. | \* Per share data and totals may be impacted by rounding. | \* Per share data and totals may be impacted by rounding. | \* Per share data and totals may be impacted by rounding. | \* Per share data and totals may be impacted by rounding. | \* Per share data and totals may be impacted by rounding. | \* Per share data and totals may be impacted by rounding. | \* Per share data and totals may be impacted by rounding. | \* Per share data and totals may be impacted by rounding. | \* Per share data and totals may be impacted by rounding. |

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IS - 4

------

**DOVER CORPORATION**

**QUARTERLY ADJUSTED SEGMENT EBITDA (NON-GAAP)**

(unaudited)(in thousands)

**<u>Non-GAAP Reconciliations</u>**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **2025** | **2025** | **2025** | **2025** | **2024** | **2024** | **2024** | **2024** | **2024** | **2024** |
| | **Q1** | **Q2** | **Q3** | **Q3 YTD** | **Q1** | **Q2** | **Q3** | **Q3 YTD** | **Q4** | **FY 2024** |
| **<u>ADJUSTED SEGMENT EBITDA</u>** |  |  |  |  |  |  |  |  |  |  |
| **<u>Engineered Products:</u>** |  |  |  |  |  |  |  |  |  |  |
| Segment earnings | $44114 | $53511 | $57483 | $**155108** | $62532 | $52095 | $56621 | $**171248** | $59989 | $**231237** |
| &nbsp;&nbsp;Other depreciation and amortization <sup>1</sup> | 4800 | 5141 | 5736 | **15677** | 4785 | 4778 | 4829 | **14392** | 4867 | **19259** |
| Adjusted segment EBITDA <sup>2</sup> | 48914 | 58652 | 63219 | **170785** | 67317 | 56873 | 61450 | **185640** | 64856 | **250496** |
| &nbsp;&nbsp;Adjusted segment EBITDA margin <sup>2</sup> | 19.2% | 21.3% | 22.6% | **21.1%** | 20.2% | 19.9% | 20.8% | **20.3%** | 22.5% | **20.8%** |
| **<u>Clean Energy & Fueling:</u>** |  |  |  |  |  |  |  |  |  |  |
| Segment earnings | $85644 | $107771 | $118665 | $**312080** | $69675 | $87536 | $99536 | $**256747** | $103246 | $**359993** |
| &nbsp;&nbsp;Other depreciation and amortization <sup>1</sup> | 8578 | 8961 | 8582 | **26121** | 7921 | 7627 | 8310 | **23858** | 8118 | **31976** |
| Adjusted segment EBITDA <sup>2</sup> | 94222 | 116732 | 127247 | **338201** | 77596 | 95163 | 107846 | **280605** | 111364 | **391969** |
| &nbsp;&nbsp;Adjusted segment EBITDA margin <sup>2</sup> | 19.2% | 21.4% | 23.5% | **21.4%** | 17.4% | 20.6% | 21.5% | **19.9%** | 21.1% | **20.2%** |
| **<u>Imaging & Identification:</u>** |  |  |  |  |  |  |  |  |  |  |
| Segment earnings | $77575 | $76937 | $81772 | $**236284** | $69959 | $75786 | $77247 | $**222992** | $78715 | $**301707** |
| &nbsp;&nbsp;Other depreciation and amortization <sup>1</sup> | 4093 | 4229 | 4091 | **12413** | 3733 | 3271 | 3905 | **10909** | 3739 | **14648** |
| Adjusted segment EBITDA <sup>2</sup> | 81668 | 81166 | 85863 | **248697** | 73692 | 79057 | 81152 | **233901** | 82454 | **316355** |
| &nbsp;&nbsp;Adjusted segment EBITDA margin <sup>2</sup> | 29.2% | 27.8% | 28.7% | **28.5%** | 26.6% | 27.5% | 28.6% | **27.6%** | 28.6% | **27.8%** |
| **<u>Pumps & Process Solutions:</u>** |  |  |  |  |  |  |  |  |  |  |
| Segment earnings | $151275 | $159504 | $168565 | $**479344** | $118737 | $137217 | $138277 | $**394231** | $142375 | $**536606** |
| &nbsp;&nbsp;Other depreciation and amortization <sup>1</sup> | 12601 | 13131 | 14256 | **39988** | 12139 | 12637 | 12651 | **37427** | 12623 | **50050** |
| Adjusted segment EBITDA <sup>2</sup> | 163876 | 172635 | 182821 | **519332** | 130876 | 149854 | 150928 | **431658** | 154998 | **586656** |
| &nbsp;&nbsp;Adjusted segment EBITDA margin <sup>2</sup> | 33.2% | 33.2% | 33.2% | **33.2%** | 28.1% | 31.4% | 31.9% | **30.5%** | 32.3% | **31.0%** |
| **<u>Climate & Sustainability Technologies:</u>** | **<u>Climate & Sustainability Technologies:</u>** |  |  |  |  |  |  |  |  |  |
| Segment earnings | $52119 | $77262 | $76002 | $**205383** | $50759 | $79127 | $76015 | $**205901** | $44974 | $**250875** |
| &nbsp;&nbsp;Other depreciation and amortization <sup>1</sup> | 7325 | 7605 | 7558 | **22488** | 7275 | 7220 | 7048 | **21543** | 7596 | **29139** |
| Adjusted segment EBITDA <sup>2</sup> | 59444 | 84867 | 83560 | **227871** | 58034 | 86347 | 83063 | **227444** | 52570 | **280014** |
| &nbsp;&nbsp;Adjusted segment EBITDA margin <sup>2</sup> | 17.1% | 20.4% | 20.5% | **19.4%** | 15.9% | 19.8% | 19.3% | **18.5%** | 15.1% | **17.7%** |
| **<u>Total Segments:</u>** |  |  |  |  |  |  |  |  |  |  |
| Total segment earnings <sup>2, 3</sup> | $410727 | $474985 | $502487 | $**1388199** | $371662 | $431761 | $447696 | $**1251119** | $429299 | $**1680418** |
| &nbsp;&nbsp;Other depreciation and amortization <sup>1</sup> | 37397 | 39067 | 40223 | **116687** | 35853 | 35533 | 36743 | **108129** | 36943 | **145072** |
| Total Adjusted segment EBITDA <sup>2</sup> | 448124 | 514052 | 542710 | **1504886** | 407515 | 467294 | 484439 | **1359248** | 466242 | **1825490** |
| &nbsp;&nbsp;Total Adjusted segment EBITDA margin <sup>2</sup> | 24.0% | 25.1% | 26.1% | **25.1%** | 21.6% | 24.0% | 24.4% | **23.4%** | 24.2% | **23.6%** |
| <sup>1</sup> 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. | <sup>1</sup> 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. | <sup>1</sup> 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. | <sup>1</sup> 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. | <sup>1</sup> 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. | <sup>1</sup> 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. | <sup>1</sup> 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. | <sup>1</sup> 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. | <sup>1</sup> 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. | <sup>1</sup> 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. | <sup>1</sup> 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. |
| <sup>2</sup> Refer to Non-GAAP Disclosures section for definition. | <sup>2</sup> Refer to Non-GAAP Disclosures section for definition. | <sup>2</sup> Refer to Non-GAAP Disclosures section for definition. | <sup>2</sup> Refer to Non-GAAP Disclosures section for definition. | <sup>2</sup> Refer to Non-GAAP Disclosures section for definition. | <sup>2</sup> Refer to Non-GAAP Disclosures section for definition. | <sup>2</sup> Refer to Non-GAAP Disclosures section for definition. | <sup>2</sup> Refer to Non-GAAP Disclosures section for definition. | <sup>2</sup> Refer to Non-GAAP Disclosures section for definition. | <sup>2</sup> Refer to Non-GAAP Disclosures section for definition. | <sup>2</sup> Refer to Non-GAAP Disclosures section for definition. |
| <sup>3</sup> Refer to Quarterly Segment Information section for reconciliation of total segment earnings to earnings from continuing operations. | <sup>3</sup> Refer to Quarterly Segment Information section for reconciliation of total segment earnings to earnings from continuing operations. | <sup>3</sup> Refer to Quarterly Segment Information section for reconciliation of total segment earnings to earnings from continuing operations. | <sup>3</sup> Refer to Quarterly Segment Information section for reconciliation of total segment earnings to earnings from continuing operations. | <sup>3</sup> Refer to Quarterly Segment Information section for reconciliation of total segment earnings to earnings from continuing operations. | <sup>3</sup> Refer to Quarterly Segment Information section for reconciliation of total segment earnings to earnings from continuing operations. | <sup>3</sup> Refer to Quarterly Segment Information section for reconciliation of total segment earnings to earnings from continuing operations. | <sup>3</sup> Refer to Quarterly Segment Information section for reconciliation of total segment earnings to earnings from continuing operations. | <sup>3</sup> Refer to Quarterly Segment Information section for reconciliation of total segment earnings to earnings from continuing operations. | <sup>3</sup> Refer to Quarterly Segment Information section for reconciliation of total segment earnings to earnings from continuing operations. | <sup>3</sup> 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)

**<u>Non-GAAP Reconciliations</u>**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **2025** | **2025** | **2025** | **2025** | **2024** | **2024** | **2024** | **2024** | **2024** | **2024** |
| | **Q1** | **Q2** | **Q3** | **Q3 YTD** | **Q1** | **Q2** | **Q3** | **Q3 YTD** | **Q4** | **FY 2024** |
| Earnings from continuing operations | $239241 | $280130 | $303292 | $**822663** | $602102 | $246587 | $312896 | $**1161585** | $238383 | $**1399968** |
| Provision for income taxes | 56140 | 71967 | 82951 | **211058** | 157577 | 60770 | 73434 | **291781** | 65267 | **357048** |
| Earnings before provision for income taxes | 295381 | 352097 | 386243 | **1033721** | 759679 | 307357 | 386330 | **1453366** | 303650 | **1757016** |
| Interest income | (20254) | (17935) | (17804) | **(55993)** | (4756) | (4081) | (5176) | **(14013)** | (23145) | **(37158)** |
| Interest expense | 27608 | 26791 | 27239 | **81638** | 36365 | 32374 | 34128 | **102867** | 28304 | **131171** |
| Corporate expense / other <sup>1</sup> | 51959 | 41875 | 31515 | **125349** | 42159 | 39526 | 36110 | **117795** | 38168 | **155963** |
| (Gain) loss on dispositions <sup>2</sup> | (2468) | (2176) |  | **(4644)** | (529943) | 663 | (68633) | **(597913)** | 115 | **(597798)** |
| Restructuring and other costs <sup>3</sup> | 9397 | 23210 | 15913 | **48520** | 23971 | 11590 | 16581 | **52142** | 32841 | **84983** |
| Purchase accounting expenses <sup>4</sup> | 49104 | 51123 | 59381 | **159608** | 44187 | 44332 | 48356 | **136875** | 49366 | **186241** |
| Total segment earnings <sup>5</sup> | 410727 | 474985 | 502487 | **1388199** | 371662 | 431761 | 447696 | **1251119** | 429299 | **1680418** |
| Add: Other depreciation and amortization <sup>6</sup> | 37397 | 39067 | 40223 | **116687** | 35853 | 35533 | 36743 | **108129** | 36943 | **145072** |
| Total adjusted segment EBITDA <sup>5</sup> | $448124 | $514052 | $542710 | $**1504886** | $407515 | $467294 | $484439 | $**1359248** | $466242 | $**1825490** |
| <sup>1</sup> 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. | <sup>1</sup> 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. | <sup>1</sup> 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. | <sup>1</sup> 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. | <sup>1</sup> 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. | <sup>1</sup> 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. | <sup>1</sup> 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. | <sup>1</sup> 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. | <sup>1</sup> 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. | <sup>1</sup> 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. | <sup>1</sup> 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. |
| <sup>2</sup> (Gain) loss on dispositions, including post-closing adjustments. | <sup>2</sup> (Gain) loss on dispositions, including post-closing adjustments. | <sup>2</sup> (Gain) loss on dispositions, including post-closing adjustments. | <sup>2</sup> (Gain) loss on dispositions, including post-closing adjustments. | <sup>2</sup> (Gain) loss on dispositions, including post-closing adjustments. | <sup>2</sup> (Gain) loss on dispositions, including post-closing adjustments. | <sup>2</sup> (Gain) loss on dispositions, including post-closing adjustments. | <sup>2</sup> (Gain) loss on dispositions, including post-closing adjustments. | <sup>2</sup> (Gain) loss on dispositions, including post-closing adjustments. | <sup>2</sup> (Gain) loss on dispositions, including post-closing adjustments. | <sup>2</sup> (Gain) loss on dispositions, including post-closing adjustments. |
| <sup>3</sup> Restructuring and other costs relate to actions taken for headcount reductions, facility consolidations and site closures, product line exits, and other asset charges. | <sup>3</sup> Restructuring and other costs relate to actions taken for headcount reductions, facility consolidations and site closures, product line exits, and other asset charges. | <sup>3</sup> Restructuring and other costs relate to actions taken for headcount reductions, facility consolidations and site closures, product line exits, and other asset charges. | <sup>3</sup> Restructuring and other costs relate to actions taken for headcount reductions, facility consolidations and site closures, product line exits, and other asset charges. | <sup>3</sup> Restructuring and other costs relate to actions taken for headcount reductions, facility consolidations and site closures, product line exits, and other asset charges. | <sup>3</sup> Restructuring and other costs relate to actions taken for headcount reductions, facility consolidations and site closures, product line exits, and other asset charges. | <sup>3</sup> Restructuring and other costs relate to actions taken for headcount reductions, facility consolidations and site closures, product line exits, and other asset charges. | <sup>3</sup> Restructuring and other costs relate to actions taken for headcount reductions, facility consolidations and site closures, product line exits, and other asset charges. | <sup>3</sup> Restructuring and other costs relate to actions taken for headcount reductions, facility consolidations and site closures, product line exits, and other asset charges. | <sup>3</sup> Restructuring and other costs relate to actions taken for headcount reductions, facility consolidations and site closures, product line exits, and other asset charges. | <sup>3</sup> Restructuring and other costs relate to actions taken for headcount reductions, facility consolidations and site closures, product line exits, and other asset charges. |
| <sup>4</sup> Purchase accounting expenses are primarily comprised of amortization of intangible assets. | <sup>4</sup> Purchase accounting expenses are primarily comprised of amortization of intangible assets. | <sup>4</sup> Purchase accounting expenses are primarily comprised of amortization of intangible assets. | <sup>4</sup> Purchase accounting expenses are primarily comprised of amortization of intangible assets. | <sup>4</sup> Purchase accounting expenses are primarily comprised of amortization of intangible assets. | <sup>4</sup> Purchase accounting expenses are primarily comprised of amortization of intangible assets. | <sup>4</sup> Purchase accounting expenses are primarily comprised of amortization of intangible assets. | <sup>4</sup> Purchase accounting expenses are primarily comprised of amortization of intangible assets. | <sup>4</sup> Purchase accounting expenses are primarily comprised of amortization of intangible assets. | <sup>4</sup> Purchase accounting expenses are primarily comprised of amortization of intangible assets. | <sup>4</sup> Purchase accounting expenses are primarily comprised of amortization of intangible assets. |
| <sup>5</sup> Refer to Non-GAAP Disclosures section for definition. | <sup>5</sup> Refer to Non-GAAP Disclosures section for definition. | <sup>5</sup> Refer to Non-GAAP Disclosures section for definition. | <sup>5</sup> Refer to Non-GAAP Disclosures section for definition. | <sup>5</sup> Refer to Non-GAAP Disclosures section for definition. | <sup>5</sup> Refer to Non-GAAP Disclosures section for definition. | <sup>5</sup> Refer to Non-GAAP Disclosures section for definition. | <sup>5</sup> Refer to Non-GAAP Disclosures section for definition. | <sup>5</sup> Refer to Non-GAAP Disclosures section for definition. | <sup>5</sup> Refer to Non-GAAP Disclosures section for definition. | <sup>5</sup> Refer to Non-GAAP Disclosures section for definition. |
| <sup>6</sup> 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. | <sup>6</sup> 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. | <sup>6</sup> 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. | <sup>6</sup> 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. | <sup>6</sup> 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. | <sup>6</sup> 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. | <sup>6</sup> 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. | <sup>6</sup> 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. | <sup>6</sup> 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. | <sup>6</sup> 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. | <sup>6</sup> 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

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**DOVER CORPORATION**

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

(unaudited)

**<u>Non-GAAP Reconciliations</u>**

**<u>Revenue Growth Factors</u>**

---

| | | |
|:---|:---|:---|
| | **2025** | **2025** |
| | **Q3** | **Q3 YTD** |
| Organic |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Engineered Products | (7.0)% | (6.8)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Clean Energy & Fueling | 4.8% | 4.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Imaging & Identification | 3.0% | 2.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pumps & Process Solutions | 5.6% | 5.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Climate & Sustainability Technologies | (6.5)% | (5.4)% |
| Total Organic | 0.5% | 0.6% |
| Acquisitions | 3.0% | 2.8% |
| Dispositions | —% | (0.9)% |
| Currency translation | 1.3% | 0.6% |
| Total\* | 4.8% | 3.1% |

---

\* Totals may be impacted by rounding.

---

| | | |
|:---|:---|:---|
| | **2025** | **2025** |
| | **Q3** | **Q3 YTD** |
| Organic |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United States | 1.6% | 1.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Europe | 1.1% | (0.8)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asia | (1.5)% | 1.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Americas | (6.5)% | (9.0)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other | 2.9% | 10.8% |
| Total Organic | 0.5% | 0.6% |
| Acquisitions | 3.0% | 2.8% |
| Dispositions | —% | (0.9)% |
| Currency translation | 1.3% | 0.6% |
| Total\* | 4.8% | 3.1% |

---

\* Totals may be impacted by rounding.

---

| | | | |
|:---|:---|:---|:---|
| **<u>Adjusted EPS Guidance Reconciliation</u>** | **<u>Adjusted EPS Guidance Reconciliation</u>** | **<u>Adjusted EPS Guidance Reconciliation</u>** | **<u>Adjusted EPS Guidance Reconciliation</u>** |
| | **Range** | **Range** | **Range** |
| **2025 Guidance for Earnings per Share from Continuing Operations (GAAP)** | $**8.06** |  | $**8.16** |
| Purchase accounting expenses, net |  | 1.19 |  |
| Restructuring and other costs, net |  | 0.28 |  |
| Gain on dispositions, net |  | (0.03) |  |
| **2025 Guidance for Adjusted Earnings per Share from Continuing Operations (Non-GAAP)** | $**9.50** |  | $**9.60** |

---

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

IS - 7

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**DOVER CORPORATION**

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

(unaudited)(in thousands)

**<u>Quarterly Cash Flow</u>**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **2025** | **2025** | **2025** | **2025** | **2024** | **2024** | **2024** | **2024** | **2024** | **2024** |
| | **Q1** | **Q2** | **Q3** | **Q3 YTD** | **Q1** | **Q2** | **Q3** | **Q3 YTD** | **Q4** | **FY 2024** |
| Net Cash Flows Provided By (Used In): | Net Cash Flows Provided By (Used In): | Net Cash Flows Provided By (Used In): | Net Cash Flows Provided By (Used In): |  |  |  |  |  |  |  |
| Operating activities | $157474 | $212340 | $424245 | $**794059** | $146456 | $149181 | $353244 | $**648881** | $438952 | $**1087833** |
| Investing activities | (74186) | (681584) | (58857) | **(814627)** | 432416 | 33215 | (402512) | **63119** | (90102) | **(26983)** |
| Financing activities | (122234) | (84235) | (73878) | **(280347)** | (80782) | (830657) | 92994 | **(818445)** | (453228) | **(1271673)** |

---

**<u>Quarterly Free Cash Flow (Non-GAAP)</u>**

---

| | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **2025** | **2025** | **2025** | **2025** | **2025** | **2025** | **2025** | **2025** | **2024** | **2024** | **2024** | **2024** | **2024** | **2024** | **2024** | **2024** | **2024** | **2024** | **2024** | **2024** |
| | **Q1** | **Q1** | **Q2** | **Q2** | **Q3** | **Q3** | **Q3 YTD** | **Q3 YTD** | **Q1** | **Q1** | **Q2** | **Q2** | **Q3** | **Q3** | **Q3 YTD** | **Q3 YTD** | **Q4** | **Q4** | **FY 2024** | **FY 2024** |
| Cash flow from operating activities<sup>1</sup> | $| 157474 | $| 212340 | $| 424245 | **$** | **794059** | $| 146456 | $| 149181 | $| 353244 | **$** | **648881** | $| 438952 | **$** | **1087833** |
| Less: Capital expenditures | (48192) | (48192) | (60932) | (60932) | (54150) | (54150) | **(163274)** | **(163274)** | (40050) | (40050) | (35822) | (35822) | (37754) | (37754) | **(113626)** | **(113626)** | (53907) | (53907) | **(167533)** | **(167533)** |
| Free cash flow | $| 109282 | $| 151408 | $| 370095 | **$** | **630785** | $| 106406 | $| 113359 | $| 315490 | **$** | **535255** | $| 385045 | **$** | **920300** |
| Cash flow from operating activities as a percentage of revenue | 8.4% | 8.4% | 10.4% | 10.4% | 20.4% | 20.4% | **13.2%** | **13.2%** | 7.8% | 7.8% | 7.7% | 7.7% | 17.8% | 17.8% | **11.2%** | **11.2%** | 22.7% | 22.7% | **14.0%** | **14.0%** |
| Cash flow from operating activities as a percentage of adjusted earnings from continuing operations | 55.6% | 55.6% | 63.1% | 63.1% | 117.4% | 117.4% | **80.9%** | **80.9%** | 60.8% | 60.8% | 51.3% | 51.3% | 112.5% | 112.5% | **76.7%** | **76.7%** | 144.1% | 144.1% | **94.6%** | **94.6%** |
| Free cash flow as a percentage of revenue | 5.9% | 5.9% | 7.4% | 7.4% | 17.8% | 17.8% | **10.5%** | **10.5%** | 5.6% | 5.6% | 5.8% | 5.8% | 15.9% | 15.9% | **9.2%** | **9.2%** | 20.0% | 20.0% | **11.9%** | **11.9%** |
| Free cash flow as a percentage of adjusted earnings from continuing operations | 38.6% | 38.6% | 45.0% | 45.0% | 102.4% | 102.4% | **64.3%** | **64.3%** | 44.2% | 44.2% | 39.0% | 39.0% | 100.5% | 100.5% | **63.3%** | **63.3%** | 126.4% | 126.4% | **80.0%** | **80.0%** |
| <sup>1</sup> Q2, Q3, Q4 and FY 2024 include income tax payments of $56.0 million, $24.0 million, $23.4 million and $103.4 million, respectively, related to the gain on the disposition of De-Sta-Co. Q4 and FY 2024 also include income tax payments of $20.4 million related to the sale of a minority owned equity method investment.  | <sup>1</sup> Q2, Q3, Q4 and FY 2024 include income tax payments of $56.0 million, $24.0 million, $23.4 million and $103.4 million, respectively, related to the gain on the disposition of De-Sta-Co. Q4 and FY 2024 also include income tax payments of $20.4 million related to the sale of a minority owned equity method investment.  | <sup>1</sup> Q2, Q3, Q4 and FY 2024 include income tax payments of $56.0 million, $24.0 million, $23.4 million and $103.4 million, respectively, related to the gain on the disposition of De-Sta-Co. Q4 and FY 2024 also include income tax payments of $20.4 million related to the sale of a minority owned equity method investment.  | <sup>1</sup> Q2, Q3, Q4 and FY 2024 include income tax payments of $56.0 million, $24.0 million, $23.4 million and $103.4 million, respectively, related to the gain on the disposition of De-Sta-Co. Q4 and FY 2024 also include income tax payments of $20.4 million related to the sale of a minority owned equity method investment.  | <sup>1</sup> Q2, Q3, Q4 and FY 2024 include income tax payments of $56.0 million, $24.0 million, $23.4 million and $103.4 million, respectively, related to the gain on the disposition of De-Sta-Co. Q4 and FY 2024 also include income tax payments of $20.4 million related to the sale of a minority owned equity method investment.  | <sup>1</sup> Q2, Q3, Q4 and FY 2024 include income tax payments of $56.0 million, $24.0 million, $23.4 million and $103.4 million, respectively, related to the gain on the disposition of De-Sta-Co. Q4 and FY 2024 also include income tax payments of $20.4 million related to the sale of a minority owned equity method investment.  | <sup>1</sup> Q2, Q3, Q4 and FY 2024 include income tax payments of $56.0 million, $24.0 million, $23.4 million and $103.4 million, respectively, related to the gain on the disposition of De-Sta-Co. Q4 and FY 2024 also include income tax payments of $20.4 million related to the sale of a minority owned equity method investment.  | <sup>1</sup> Q2, Q3, Q4 and FY 2024 include income tax payments of $56.0 million, $24.0 million, $23.4 million and $103.4 million, respectively, related to the gain on the disposition of De-Sta-Co. Q4 and FY 2024 also include income tax payments of $20.4 million related to the sale of a minority owned equity method investment.  | <sup>1</sup> Q2, Q3, Q4 and FY 2024 include income tax payments of $56.0 million, $24.0 million, $23.4 million and $103.4 million, respectively, related to the gain on the disposition of De-Sta-Co. Q4 and FY 2024 also include income tax payments of $20.4 million related to the sale of a minority owned equity method investment.  | <sup>1</sup> Q2, Q3, Q4 and FY 2024 include income tax payments of $56.0 million, $24.0 million, $23.4 million and $103.4 million, respectively, related to the gain on the disposition of De-Sta-Co. Q4 and FY 2024 also include income tax payments of $20.4 million related to the sale of a minority owned equity method investment.  | <sup>1</sup> Q2, Q3, Q4 and FY 2024 include income tax payments of $56.0 million, $24.0 million, $23.4 million and $103.4 million, respectively, related to the gain on the disposition of De-Sta-Co. Q4 and FY 2024 also include income tax payments of $20.4 million related to the sale of a minority owned equity method investment.  | <sup>1</sup> Q2, Q3, Q4 and FY 2024 include income tax payments of $56.0 million, $24.0 million, $23.4 million and $103.4 million, respectively, related to the gain on the disposition of De-Sta-Co. Q4 and FY 2024 also include income tax payments of $20.4 million related to the sale of a minority owned equity method investment.  | <sup>1</sup> Q2, Q3, Q4 and FY 2024 include income tax payments of $56.0 million, $24.0 million, $23.4 million and $103.4 million, respectively, related to the gain on the disposition of De-Sta-Co. Q4 and FY 2024 also include income tax payments of $20.4 million related to the sale of a minority owned equity method investment.  | <sup>1</sup> Q2, Q3, Q4 and FY 2024 include income tax payments of $56.0 million, $24.0 million, $23.4 million and $103.4 million, respectively, related to the gain on the disposition of De-Sta-Co. Q4 and FY 2024 also include income tax payments of $20.4 million related to the sale of a minority owned equity method investment.  | <sup>1</sup> Q2, Q3, Q4 and FY 2024 include income tax payments of $56.0 million, $24.0 million, $23.4 million and $103.4 million, respectively, related to the gain on the disposition of De-Sta-Co. Q4 and FY 2024 also include income tax payments of $20.4 million related to the sale of a minority owned equity method investment.  | <sup>1</sup> Q2, Q3, Q4 and FY 2024 include income tax payments of $56.0 million, $24.0 million, $23.4 million and $103.4 million, respectively, related to the gain on the disposition of De-Sta-Co. Q4 and FY 2024 also include income tax payments of $20.4 million related to the sale of a minority owned equity method investment.  | <sup>1</sup> Q2, Q3, Q4 and FY 2024 include income tax payments of $56.0 million, $24.0 million, $23.4 million and $103.4 million, respectively, related to the gain on the disposition of De-Sta-Co. Q4 and FY 2024 also include income tax payments of $20.4 million related to the sale of a minority owned equity method investment.  | <sup>1</sup> Q2, Q3, Q4 and FY 2024 include income tax payments of $56.0 million, $24.0 million, $23.4 million and $103.4 million, respectively, related to the gain on the disposition of De-Sta-Co. Q4 and FY 2024 also include income tax payments of $20.4 million related to the sale of a minority owned equity method investment.  | <sup>1</sup> Q2, Q3, Q4 and FY 2024 include income tax payments of $56.0 million, $24.0 million, $23.4 million and $103.4 million, respectively, related to the gain on the disposition of De-Sta-Co. Q4 and FY 2024 also include income tax payments of $20.4 million related to the sale of a minority owned equity method investment.  | <sup>1</sup> Q2, Q3, Q4 and FY 2024 include income tax payments of $56.0 million, $24.0 million, $23.4 million and $103.4 million, respectively, related to the gain on the disposition of De-Sta-Co. Q4 and FY 2024 also include income tax payments of $20.4 million related to the sale of a minority owned equity method investment.  | <sup>1</sup> Q2, Q3, Q4 and FY 2024 include income tax payments of $56.0 million, $24.0 million, $23.4 million and $103.4 million, respectively, related to the gain on the disposition of De-Sta-Co. Q4 and FY 2024 also include income tax payments of $20.4 million related to the sale of a minority owned equity method investment.  |

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IS - 8

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 **DOVER CORPORATION**

**PERFORMANCE MEASURES**

(unaudited)(in thousands)

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| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **2025** | **2025** | **2025** | **2025** | **2024** | **2024** | **2024** | **2024** | **2024** | **2024** |
| | **Q1** | **Q2** | **Q3** | **Q3 YTD** | **Q1** | **Q2** | **Q3** | **Q3 YTD** | **Q4** | **FY 2024** |
| **<u>BOOKINGS</u>** |  |  |  |  |  |  |  |  |  |  |
| Engineered Products | $264538 | $276571 | $273278 | $**814387** | $329925 | $280542 | $284823 | $**895290** | $276487 | $**1171777** |
| Clean Energy & Fueling | 543859 | 526819 | 509553 | **1580231** | 471610 | 442086 | 507329 | **1421025** | 517470 | **1938495** |
| Imaging & Identification | 288169 | 292092 | 292229 | **872490** | 278433 | 288641 | 281289 | **848363** | 295784 | **1144147** |
| Pumps & Process Solutions | 499287 | 530158 | 510960 | **1540405** | 473632 | 461426 | 448074 | **1383132** | 473548 | **1856680** |
| Climate & Sustainability Technologies | 395623 | 384246 | 415099 | **1194968** | 453086 | 406269 | 332503 | **1191858** | 378774 | **1570632** |
| Intersegment eliminations | (1892) | (1295) | (1380) | **(4567)** | (791) | (1591) | (1065) | **(3447)** | (2578) | **(6025)** |
| Total consolidated bookings | $1989584 | $2008591 | $1999739 | $**5997914** | $2005895 | $1877373 | $1852953 | $**5736221** | $1939485 | $**7675706** |

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IS - 9

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**<u>Non-GAAP Measures Definitions</u>**

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 from continuing operations per share, 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.

IS - 10

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**<u>Performance Measures Definitions</u>**

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