(Reuters) -Industrial equipment maker Dover raised its full-year adjusted profit forecast on Thursday, betting on resilient demand for its industrial equipment despite tariff uncertainty, sending its shares up 2.5% in premarket trading. The Illinois-based company now expects adjusted earnings of $9.50 to $9.60 per share for 2025, up from a prior range of $9.35 to […]
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Dover lifts 2025 profit outlook on AI infrastructure demand
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(Reuters) -Industrial equipment maker Dover raised its full-year adjusted profit forecast on Thursday, betting on resilient demand for its industrial equipment despite tariff uncertainty, sending its shares up 2.5% in premarket trading.
The Illinois-based company now expects adjusted earnings of $9.50 to $9.60 per share for 2025, up from a prior range of $9.35 to $9.55.
Dover, which supplies equipment and components to industries including aerospace and defense, has benefited from rising investment in artificial intelligence infrastructure.
The company provides liquid cooling products for high-performance computing and data centers.
Profit at its Pumps & Process Solutions unit, which makes thermal connectors for data center liquid cooling systems, rose to $168.6 million in the quarter from $138.3 million a year earlier.
For the third quarter, Dover’s adjusted profit increased 15% to $2.62 per share, beating analysts’ average estimate of $2.51 per share, according to data from LSEG.
Quarterly revenue rose 5% to $2.08 billion, narrowly missing estimates of $2.11 billion.
(Reporting by Parth Chandna; Editing by Tasim Zahid)