DOVER Corp

Company facts

Industry

Construction, Mining & Materials Handling Machinery & Equip

Headquarters

Downers Grove, Illinois

Most recent report

8-K, filed Nov 2, 2026

Incorporated

New York

Filings on record

1,006+ filings

On EDGAR

CIK 29905

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Sep 2026 10-Q

SECSift found 2 of 12 sections worth reading, with 4 positive, 10 notable, and 0 negative flags.

• Item 1

  Financial statements and notes with material balance-sheet swings, debt, and segment detail.
  Notable

  • New $1.5B unsecured revolving credit facility replaces $1.0B facility; no borrowings outstanding.

• Item 2

  Full MD&A with segment results, cash flows, liquidity, and restructuring details.
  Positive

  • Q3 2026 revenue up 7.5% to $2.2B, organic growth 7.1%, led by Climate & Sustainability (17.9%) and Clean Energy & Fueling (12.1%).
  • Bookings surged 43.1% in Climate & Sustainability segment in Q3 2026, with book-to-bill of 1.23.
  • Operating cash flow for nine months 2026 was $866M, up $72M from 2025, driven by higher earnings.
  • Net debt-to-capitalization ratio improved to 17.1% at Sep 30, 2026 from 18.2% at Dec 31, 2025.
  Notable

  • Interest expense net rose 65% to $42M for nine months 2026 due to lower interest income and new euro-denominated notes issued in Q4 2025.
  • Effective tax rate fell to 19.9% in Q3 2026 from 21.5% in Q3 2025, driven by an internal reorganization.
  • Engineered Products segment revenue declined 1.7% organically in Q3 2026 due to lower vehicle services volume in Europe.
  • Climate & Sustainability segment earnings margin fell to 16.7% in Q3 2026 from 18.6% in Q3 2025 due to footprint consolidation costs.
  • Adjusted working capital rose 18.6% to $2.1B at Sep 30, 2026, driven by higher receivables and inventory to support growth.
  • Acquisition spending slowed to $43M in nine months 2026 from $663M in 2025; two small deals in Pumps & Process Solutions.
  • Share repurchases jumped to $386M for nine months 2026 from $41M in 2025; Q3 alone was $332M.
  • Company entered agreement to acquire Leistung Engineering for ~$40M in August 2026, subject to regulatory approvals.
  • Company agreed to sell an equity method investment for ~$43M in October 2026, subject to regulatory approvals.

What changed: Sep 2026 vs. Jun 2026

About 5% of DOV's Sep 2026 10-Q is new information. 14 paragraphs were added, 152 changed, and 25 removed. Below are the most important lines SECSift identified.

• Item 2 70
• Item 1 41
• Item 6 3
• Item 4 2
• Item 3 1
• Item 5 1