Oct 23 (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.