Jeff Sprague's questions to Dover Corp (DOV) leadership • Q2 2025
Question
Jeff Sprague from Vertical Research Partners sought clarification on the timing and amount of restructuring savings and the specific impact of foreign exchange on the updated revenue guidance.
Answer
President and CEO Richard Tobin confirmed a $30 million benefit from prior restructuring actions is reflected in 2025 guidance. He projected at least another $30 million benefit in 2026 from current projects, with the potential for a larger amount pending the timing of complex factory consolidations. Tobin also confirmed the new 4-6% revenue growth forecast includes a one-point benefit from FX, based on year-to-date average rates.