DOV

A month has gone by since the last earnings report for Illinois Tool Works (ITW). Shares have lost about 2.4% in that time frame, underperforming the S&P 500. But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Illinois Tool Works due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Illinois Tool reported second-quarter 2026 adjusted earnings of $2.84 per share, which surpassed the Zacks Consensus Estimate of $2.80. Earnings increased 10.1% year over year.Illinois Tool’s revenues of $4.30 billion beat the consensus estimate of $4.18 billion. The top line increased 6.1% year over year, driven by an organic sales growth of 4.5%. Favorable foreign currency translation and acquisitions had a positive impact of 1.4% and 0.2%, respectively, in the quarter. Test & Measurement and Electronics’ revenues were $769 million, up 12.1% year over year. Revenues from Automotive Original Equipment Manufacturer increased 1.3% year over year to $857 million. Food Equipment generated revenues of $692 million, up 1.6% year over year. Welding revenues were $549 million, up 14.7% year over year.Construction Products’ revenues were up 4.3% year over year to $494 million. Revenues of $468 million from Specialty Products reflected an increase of 3% year over year. Polymers & Fluids’ revenues of $476 million increased 8.8% year over year. Illinois Tool’s cost of sales increased 5.8% year over year to $2.40 billion. Selling, administrative and research and development expenses increased 6.1% year over year to $735 million. The operating margin was 26.7%, up 40 basis points (bps) from the year-ago quarter. Enterprise initiatives contributed 120 bps to the operating margin. At the end of the second quarter, Illinois Tool had cash and equivalents of $839 million compared with $851 million at the end of December 2025. Long-term debt was $6.55 billion compared with $6.68 billion at the end of December 2025.In the second quarter of 2026, Illinois Tool generated net cash of $723 million from operating activities, reflecting an increase of 31.5% from the year-ago number. Capital spending on the purchase of plant and equipment was $92 million, down 8.9% year over year. Free cash flow was $631 million, up 40.5% year over year. Illinois Tool raised its full-year 2026 financial guidance. It now expects earnings to be in the range of $11.35-$11.55 per share compared with $11.10-$11.50 expected earlier. Revenues are expected to increase 4-5% while organic revenues are anticipated to rise 3-4%. Operating margin is expected to be 26.5–27.5%. Enterprise initiatives are expected to contribute more than 100 bps to the operating margin.Illinois Tool projects free cash flow to be more than 100% of its net income. The company expects to repurchase about $1.5 billion worth of shares. The effective tax rate is expected to be 23-24%. In the past month, investors have witnessed a upward trend in fresh estimates. Currently, Illinois Tool Works has a average Growth Score of C, a score with the same score on the momentum front. However, the stock was allocated a grade of F on the value side, putting it in the fifth quintile for value investors. Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been trending upward for the stock, and the magnitude of these revisions looks promising. Interestingly, Illinois Tool Works has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months. Illinois Tool Works is part of the Zacks Manufacturing - General Industrial industry. Over the past month, Dover Corporation (DOV), a stock from the same industry, has gained 3.4%. The company reported its results for the quarter ended June 2026 more than a month ago. Dover reported revenues of $2.19 billion in the last reported quarter, representing a year-over-year change of +6.9%. EPS of $2.74 for the same period compares with $2.44 a year ago. For the current quarter, Dover is expected to post earnings of $2.86 per share, indicating a change of +9.2% from the year-ago quarter. The Zacks Consensus Estimate has changed -0.2% over the last 30 days. The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Dover. Also, the stock has a VGM Score of D. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Illinois Tool Works Inc. (ITW) : Free Stock Analysis Report Dover Corporation (DOV) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

The rally that moved the stock leaned on two of three segments; the backlog behind it grew without anyone waiting longer. Nordson (NDSN) closed Thursday at $334.70, an 8.0% gain in a single session and a 52-week high, while the S&P 500 fell 0.8% and peers Graco (GGG), Illinois Tool Works (ITW) and Parker Hannifin (PH) all finished lower. The move followed record fiscal Q3 2026 results and a raised full-year outlook. The quarter explains the direction; the order book explains the size. The Raise Is Not Evenly Owned Across The Three Segments Sales of $818 million were a quarterly record, up 10% year over year in total and 12% organically, and adjusted earnings per share cleared the high end of the company's own third-quarter guidance by ten cents. The full-year adjusted earnings guide was raised to $11.80 to $12 per diluted share. Organic sales grew 31% at Advanced Technology Solutions and about 11% at Medical and Fluid Solutions, against 3% at Industrial Precision Solutions, which management calls half the company. By management's account, the upside came from Advanced Technology Solutions and the medical business, while Industrial Precision Solutions ran as expected at the 3% that is its long-term goal. That is a narrow base for a move this size. Why That Backlog Is Orders Rather Than A Queue Backlog left the quarter up 35% from a year earlier, and a number that size normally deserves suspicion: backlog also swells when a company cannot ship, and the queue then reads as demand. Management's account is the opposite: lead times have come down rather than stretched, and roughly 80% of the backlog still turns within about six months. A book that mostly clears in half a year and is a third larger is intake, not congestion. Advanced Technology's growth, meanwhile, runs through two product lines, Electronics Dispense and Test and Inspection, whose X-ray and optical technologies management calls critical to semiconductor packaging. Much of that demand sits in Asia today, and by management's account the North American chip manufacturing buildout has produced no Nordson orders yet. What Is Left When The Systems Orders Stop About 60% of what the company sells generates recurring revenue, including aftermarket parts, consumables and services, and that revenue keeps earning when systems orders pause. Free cash flow was $237 million in the quarter, the fifth consecutive quarter of converting well over 100% of net income. Cash generation of that kind is one of the things the Trefis High Quality Portfolio looks for in its holdings. Management Named The Peak While The Market Bid The Stock Higher Advanced Technology sits at the peak of its cycle by management's own description, and fiscal 2027 growth there is expected to build off that peak at a mid-single-digit rate. The same account holds that the cycle still has room, with demand strong heading into fiscal 2027. The two reconcile as a rate against a level: the growth rate steps down from here, the record base it steps down from does not, and North American orders are still outside the numbers entirely. Whether the guide keeps moving up is the thing to watch, and a screen built on guidance revisions is where that shows across the market. Enjoy The Move, Then Check What It Did To Your Allocation A move like this is even better to own than to watch, and it is also how one holding grows into an outsized share of a portfolio. A position that has grown large enough to matter is worth sizing deliberately rather than by accident. What a position that size would do to your net worth is exactly what the Trefis Wealth team computes, with the same rules-based systematic discipline that runs our High Quality Portfolio. Request a free vulnerability audit of your biggest positions.

As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q2. Today, we are looking at general industrial machinery stocks, starting with Dover (NYSE:DOV). Automation that increases efficiency and connected equipment that collects analyzable data have been trending, creating new demand for general industrial machinery companies. Those who innovate and create digitized solutions can spur sales and speed up replacement cycles, but all general industrial machinery companies are still at the whim of economic cycles. Consumer spending and interest rates, for example, can greatly impact the industrial production that drives demand for these companies’ offerings. The 12 general industrial machinery stocks we track reported a strong Q2. As a group, revenues beat analysts’ consensus estimates by 2.6% while next quarter’s revenue guidance was 3.3% below. In light of this news, share prices of the companies have held steady. On average, they are relatively unchanged since the latest earnings results. A company that manufactured critical equipment for the United States military during World War II, Dover (NYSE:DOV) manufactures engineered components and specialized equipment for numerous industries. Dover reported revenues of $2.19 billion, up 6.9% year on year. This print fell short of analysts’ expectations by 0.8%. Overall, it was a mixed quarter for the company with a narrow beat of analysts’ EBITDA estimates but organic revenue in line with analysts’ estimates. The market seems disappointed with the results as the stock is down 5.7% since reporting and currently trades at $202.28. Read our full report on Dover here, it’s free. With 19 different brands across the globe, Columbus McKinnon (NASDAQ:CMCO) offers material handling equipment for the construction, manufacturing, and transportation industries. Columbus McKinnon reported revenues of $531.5 million, up 125% year on year, outperforming analysts’ expectations by 5.9%. The business had an incredible quarter with a beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates. Columbus McKinnon pulled off the fastest revenue growth in the group. The market seems happy with the results as the stock is up 21.6% since reporting. It currently trades at $17.78. Is now the time to buy Columbus McKinnon? Access our full analysis of the earnings results here, it’s free. Founded in 1895, Albany (NYSE:AIN) is a global textiles and materials processing company, specializing in machine clothing for paper mills and engineered composite structures for aerospace and other industries. Albany reported revenues of $329.5 million, up 5.8% year on year, falling short of analysts’ expectations by 3.1%. It was a slower quarter, leaving some shareholders looking for more. Albany delivered the weakest performance against analyst estimates among its peers. The stock is flat since the results and currently trades at $62.73. Read our full analysis of Albany’s results here. Founded by Byron Smith, an investor who held over 100 patents, Illinois Tool Works (NYSE:ITW) manufactures engineered components and specialized equipment for numerous industries. Illinois Tool Works reported revenues of $4.30 billion, up 6.1% year on year. This print surpassed analysts’ expectations by 2.7%. It was a very strong quarter as it also logged a solid beat of analysts’ organic revenue estimates and full-year EPS guidance slightly topping analysts’ expectations. The stock is flat since reporting and currently trades at $284.66. Read our full, actionable report on Illinois Tool Works here, it’s free. Headquartered in Massachusetts, Kadant (NYSE:KAI) is a global supplier of high-value, critical components and engineered systems used in process industries worldwide. Kadant reported revenues of $312.9 million, up 22.6% year on year. This number topped analysts’ expectations by 4.6%. Overall, it was a very strong quarter as it also recorded a solid beat of analysts’ EBITDA estimates and full-year EPS guidance exceeding analysts’ expectations. The stock is down 7.7% since reporting and currently trades at $309.29. Read our full, actionable report on Kadant here, it’s free. Over the past year, investors have been forced to repeatedly answer the same question: what is the market’s biggest risk? The answer has changed several times, and each shift has reshaped market leadership. Late in 2025 and early 2026, artificial intelligence became the market’s primary uncertainty. Investors questioned whether AI would erode software pricing power and weaken competitive moats as AI made it easier to replicate once-differentiated products. By the spring, technology took a back seat to geopolitics. The U.S. conflict with Iran briefly became the market’s dominant narrative, raising concerns about oil prices, inflation, and global growth. But as energy markets remained orderly and fears of a prolonged supply disruption faded, investors quickly turned their focus back to fundamentals. Want to invest in winners with rock-solid fundamentals? Check out our Hidden Gem Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.

All five Dividend Aristocrats posted better-than-expected Q2 earnings, raised full-year guidance, and carry Buy ratings from top Wall Street firms. American States Water (AWR) crushed Q2 estimates and rewarded shareholders with an 8% dividend hike, extending its 70-year streak of consecutive increases. Stanley Black & Decker (SWK) delivered a massive earnings beat, reporting $1.57 adjusted EPS versus the $1.21 consensus, while yielding 3.24%. It sounds nuts, but SoFi1 is giving new Active Invest users up to $3,000 in stock for a limited time, and all it takes is a $50 deposit to get started.2 See for yourself (Sponsor) Investors love dividend stocks because they provide dependable passive income streams and an excellent opportunity for solid total return. Total return includes interest, capital gains, dividends, and distributions realized over time. In other words, the total return on an investment or portfolio consists of income and stock appreciation. At 24/7 Wall St., we have focused on dividend stocks for over 15 years because, despite the stock market's ups and downs, many people need reliable passive income streams to supplement their income from employment or other sources such as Social Security and pensions. Investors seeking defensive companies that pay substantial dividends are drawn to the Dividend Aristocrats, and with good reason. The 69 companies that made the cut for the 2026 S&P 500 Dividend Aristocrats list have increased their dividends (not just maintained them) for 25 consecutive years. But the requirements go even further, with the following attributes also mandatory for membership on the Aristocrats list: SoFi Active Invest is offering a limited-time promotion. Open an account, fund it with $50 or more, and you could receive up to $3,000 in complimentary stock for Active Invest accounts. See for yourself by clicking here now. (Sponsor) Companies must be worth at least $3 billion for each quarterly rebalancing. Their average daily volume must be at least $5 million in transactions for every trailing three-month period at every quarterly rebalancing date. They must be S&P 500 members. With earnings for the second quarter all but over, we decided to screen the Dividend Aristocrats for the companies that posted better-than-expected results and also offered solid forward guidance for the rest of the year. Five top companies hit our screens and look like outstanding ideas for growth and income investors looking to shift their portfolios away from high-beta stocks to more conservative ideas that pay reliable dividends. All five are rated Buy by the top Wall Street firms we cover, and all offer solid entry points. S&P 500 companies that have paid and raised their dividends for 25 years or longer are the types that growth and income investors want to buy and hold in their stock portfolios for the long term. These stocks are mostly conservative, and should we see a dramatic market correction, they will likely keep their ground much better than volatile technology names. When you have products that everyone depends on and pay a very reliable 2.30% dividend that you have raised for 70 years, your investors will likely do well. American States Water (NYSE: AWR) is a holding company with segments in water, electric, and contracted services. The company crushed Q2 expectations, reporting earnings of $1.09 per share. The solid print allowed the company to increase the quarterly dividend by 8%. Within the segments, the company has three principal business units: water and electric service utility operations conducted through its regulated utilities, Golden State Water Company (GSWC) and Bear Valley Electric Service (BVES), respectively, and contracted services conducted through American States Utility Services (ASUS) and its subsidiaries. GSWC is a public water utility engaged in the purchase, production, distribution, and sale of water in 11 counties in the state of California, and provides wastewater collection and treatment services. BVES is a public electric utility that distributes electricity in several San Bernardino County Mountain communities in California. ASUS operates, maintains, and performs construction activities (including renewal and replacement capital work) on water and/or wastewater systems at various United States military bases. Weiss Ratings has a Buy rating but no target price. Coca-Cola (NYSE: KO) is an American multinational corporation founded in 1892. This company remains a top long-time holding of Warren Buffett, whose 400 million shares are 9.3% of the float and 9.9% of the portfolio. The stock pays a dependable 2.41% dividend. The company posted strong results, reporting $13.37 billion in revenue and $0.97 in comparable EPS, beating consensus estimates and raising its full-year earnings growth forecast to 8% to 9%. Coca-Cola is the world's largest beverage company, offering consumers more than 500 sparkling and still brands. Led by Coca-Cola, one of the world's most valuable and recognizable brands, the company's portfolio features 20 billion-dollar brands, including: Diet Coke Coca-Cola Light Coca-Cola Zero Sugar Caffeine-free Diet Coke Cherry Coke Fanta Orange Fanta Zero Orange Fanta Zero Sugar Fanta Apple Sprite Sprite Zero Sugar Simply Orange Simply Apple Simply Grapefruit Fresca Schweppes Dasani Fuze Tea Glacéau Smartwater Glacéau Vitaminwater Gold Peak Ice Dew Powerade Topo Chico Minute Maid Globally, it is the top provider of sparkling beverages, ready-to-drink coffees, juices, and juice drinks. Through the world's most extensive beverage distribution system, consumers in more than 200 countries enjoy the company’s beverages at a rate of over 1.9 billion servings per day. And remember that the company owns 19.5% of Monster Beverage (NASDAQ: MNST), which continues to deliver strong financial results. UBS has a Buy rating with a $104 target price. While somewhat off the radar, this company has increased the 1% dividend for an incredible 70 consecutive years. Dover (NYSE: DOV) is a diversified global manufacturer and solutions provider operating in five primary segments. The company posted strong quarterly results, with adjusted EPS climbing 12% to $2.74. This growth was fueled by a 7% rise in total revenue, including 5% from organic operations. Year over year, bookings surged 16%, pushing the book-to-bill ratio to a solid 1.06, largely thanks to robust demand across the data center, biopharma, and aerospace sectors. On the strength of this performance, Dover raised its full-year guidance for both organic revenue and adjusted earnings. Its five operating segments are: The Engineered Products segment provides a range of equipment, components, software, solutions, and services to the vehicle aftermarket, aerospace, defense, and other industries. Its Clean Energy & Fueling segment provides components, equipment, and software solutions and services. It also designs, manufactures, and supplies vacuum-insulated piping systems for various liquefied gases, including nitrogen, oxygen, carbon dioxide, and other industrial gases. The company's Imaging & Identification segment supplies precision marking and coding, product traceability, brand protection, and digital textile printing equipment. The Pumps & Process Solutions segment manufactures specialty pumps and flow meters, fluid transfer connectors, engineered precision components, instruments, and digital controls. Dover's Climate & Sustainability Technologies segment is a provider of energy-efficient equipment, components, and parts. Baird has an Outperform rating with a $270 target price. Founded in 1962, Federal Realty Investment Trust (NYSE: FRT) has a mission to deliver long-term, sustainable growth through investing in densely populated, affluent communities. While real estate has slowly recovered, demand is still growing, and hard assets are generally considered a prudent investment in times of inflation; this company pays a hefty 3.81% dividend. Federal Realty is a recognized leader in the ownership, operation, and redevelopment of high-quality retail-based properties in major coastal markets from the District of Columbia and Boston to San Francisco and Los Angeles. The company outperformed expectations, posting a strong 96% occupancy rate across its retail portfolio in the second quarter. Consistent growth in rental income underpinned its 59th consecutive annual dividend increase, a milestone that underscores the stability of its business. Its expertise includes creating urban, mixed-use neighborhoods like: Santana Row in San Jose, California Pike & Rose in North Bethesda, Maryland Assembly Row in Somerville, Massachusetts Federal Realty's portfolio comprises approximately 3,500 tenants across 27 million square feet of space and 3,100 residential units. Federal Realty has increased its quarterly dividend to its shareholders for 59 consecutive years, the longest record in the REIT industry. Piper Sandler has an Overweight rating with a $149 target price. Stanley Black & Decker (NYSE: SWK) is the world's largest tool company, with 50 manufacturing facilities in the United States and more than 100 worldwide, and its shares trade at 17.7 times forward earnings. With the potential for the economy to slow down somewhat, consumers are likely to repair rather than buy new, and this legendary stock is a solid idea now, while yielding a dependable 3.19% dividend. The company provides hand tools, power tools, outdoor products, and related accessories in North and South America, Europe, and Asia. The company reported solid Q2 2026 financial results, delivering a big earnings beat as adjusted EPS climbed to $1.57, significantly beating Wall Street consensus expectations of $1.21. Its Tools & Outdoor segment offers professional-grade corded and cordless electric power tools and equipment, including: Drills Impact wrenches and drivers Grinders, saws, routers, and sanders Pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools Hand-held vacuums, paint tools, and cleaning appliances Leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools Drill, screwdriver, router bits, abrasives, saw blades, and threading products Toolboxes, sawhorses, medical cabinets, and engineered storage solutions Electric and gas-powered lawn and garden products This segment sells its products under such brand names as: DeWalt Craftsman Black+Decker Stanley Flex Volt Irwin Lenox The Industrial segment provides: Threaded fasteners, blind rivets and tools, blind inserts and tools Drawn arc weld studs and systems Engineered plastic and mechanical fasteners Self-piercing riveting systems Precision nut running systems Micro fasteners High-strength structural fasteners Axle swage, latches, heat shields, pins, couplings, fittings, and other engineered products Attachments used on excavators and handheld tools The Industrial segment sells its products through a direct sales force and third-party distributors to various industries, including automotive, manufacturing, electronics, construction, aerospace, and others. Citigroup has a Buy rating on the shares and a $107 target price. Looking to grow your money but unsure where to begin? SoFi Active Invest is offering a limited-time promotion—open a new Active Invest account, fund it with $50 or more, and you could receive up to $3,000 in complimentary stock. From $0 commission trading3 to fractional shares4 and automated investing, this app is designed to simplify investing for everyone, whether you’re just starting or already experienced. Its easy to sign up and secure your bonus.(Sponsor) Contact [email protected] for any questions or corrections.

Lincoln Electric Holdings, Inc. LECO shares have gained 8% since it reported second-quarter 2026 results on July 30.  Adjusted earnings came in at $2.93 per share, up 12.7% year over year. The figure surpassed the Zacks Consensus Estimate of $2.81 by 4.27%. Including one-time items, the bottom line was $2.88 per share compared with $2.56 in the year-ago quarter. Revenues increased 12% to a record $1.22 billion and beat the consensus estimate of $1.17 billion by 4.45%. Results benefited from 10.1% organic sales growth, with volumes contributing 2.4% and pricing at 7.7%. Acquisitions contributed 1.5%, primarily reflecting the Alloy Steel acquisition, and favorable foreign currency translation added 0.4%. Lincoln Electric Holdings, Inc. price-consensus-eps-surprise-chart | Lincoln Electric Holdings, Inc. Quote Consumables sales increased in the low-teens percentage range, equipment sales rose by a high-single-digit percentage and automation sales advanced by a mid-single-digit percentage. Four of the company’s five major end markets grew, led by a mid-30% increase in general fabrication. However, transportation declined by a mid-single-digit percentage. The cost of goods sold increased 12.8% year over year to $770.7 million. Gross profit rose 10.7% to $449 million, while the gross margin contracted 50 basis points to 36.8%. Selling, general and administrative expenses increased 6.6% to $224.9 million. However, SG&A expenses, as a percentage of sales, declined 100 basis points to 18.4%. Adjusted operating income climbed 14.9% to $224.1 million, with the adjusted operating margin expanding 50 basis points to a record 18.4%. Americas Welding revenues increased 11.2% year over year to $774.4 million. Volume growth of 7.1% reflected gains across all product areas, led by accelerated capital spending. Pricing contributed 3.7%, while currency movements provided a 0.4% benefit. We expected the segment’s net sales to be $754 million in the quarter. Adjusted EBIT rose 14.6% to $158.1 million. The segment’s adjusted EBIT margin improved 110 basis points to 19.7%, aided by operating leverage from higher volumes and a narrower price-cost headwind. Tariff refunds also supported profitability. Our prediction for the segment’s adjusted operating income was $148 million. International Welding sales rose 4.5% to $243.3 million, as a 7% acquisition contribution and modest pricing and currency benefits offset a 4.7% volume decline. Organic sales were hurt by slowing demand in Europe, the Middle East and Africa, including a $2 million impact from the Middle East conflict. We expected the segment’s net sales to be $236 million in the quarter. Adjusted EBIT declined 12.9% to $26.6 million, while the adjusted EBIT margin contracted 210 basis points to 10.6%. Lower EMEA volumes weighed on the segment’s profitability despite growth in Asia Pacific and contributions from Alloy Steel. We predicted an adjusted operating profit of $28.8 million. The Harris Products Group’s sales increased 26.9% to $201.9 million. A 34.2% pricing benefit, reflecting higher year-over-year metal costs, primarily silver, more than offset an 8.2% volume decline. Volumes were down 8.2% as it faced difficult year-over-year comparisons in HVAC and the retail channel. Our projection for the segment’s net sales was $171 million. Adjusted EBIT advanced 32.5% to $42.3 million. The adjusted EBIT margin expanded 100 basis points to 20.4%, supported by SG&A leverage and a tariff refund. Our prediction for the segment’s adjusted operating income was $34.3 million. Cash flow from operations reached a record $253.8 million, up from $143.8 million a year earlier. Free cash flow totaled $222.3 million, resulting in cash conversion of 138%. LECO returned $120 million to shareholders, including $43.4 million in dividends and $76.1 million in share repurchases. Cash and cash equivalents were $242.4 million at quarter-end, while total debt declined to $1.15 billion from $1.29 billion at the end of 2025. Lincoln Electric raised its 2026 net sales growth assumption to the low-double-digit percentage range from the high-single-digit range. Management expects one-third of organic growth to come from volume and two-thirds from pricing. The company anticipates neutral price-cost conditions and a mid-20% incremental adjusted operating margin in the second half. It also projects capital expenditures of $110-$130 million, a low-to-mid-20% tax rate and full-year cash conversion of 100% for the full year. Lincoln Electric’s shares have gained 14.7% in the past year compared with the industry’s 12.3% growth. Image Source: Zacks Investment Research LECO currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Stanley Black & Decker, Inc. SWK reported adjusted earnings of $1.57 per share for the second quarter of 2026, which beat the Zacks Consensus Estimate of $1.20 by 30.8%. The bottom line increased from adjusted earnings of $1.08 per share reported in the year-ago quarter. Stanley Black & Decker’s net sales of $3.96 billion surpassed the consensus estimate of $3.93 billion by 0.7% and increased 0.4% year over year. Higher organic sales, improved gross margins and strong cash generation supported the quarter. Stanley Black & Decker’s also raised its full-year adjusted earnings guidance to $5.20-$5.80 per share, up from the earlier outlook of $4.90-$5.70. Enerpac EPAC came out with quarterly earnings of 60 cents per share in the third quarter of fiscal 2026 (ended May 31, 2026), beating the Zacks Consensus Estimate of 49 cents per share. This compares with earnings of 51 cents per share a year ago. Enerpac posted revenues of $167.6 million for the quarter, surpassing the Zacks Consensus Estimate of $165 million. This marks a 6% increase from year-ago revenues of $158.7 million. Enerpac updated its earnings per share projection for fiscal 2026 to $1.84-$1.89 from the prior stated $1.85-$1.92. Dover Corporation DOV reported second-quarter 2026 adjusted earnings of $2.74 per share, up 12% year over year and beating the Zacks Consensus Estimate of $2.72. The improvement reflected broad-based revenue growth, stronger segmental margins and operational execution that more than offset input-cost inflation. Dover’s revenues rose 7% year over year to $2.19 billion but missed the consensus estimate of $2.21 billion. Organic revenues increased 4.8% in the quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lincoln Electric Holdings, Inc. (LECO) : Free Stock Analysis Report Stanley Black & Decker, Inc. (SWK) : Free Stock Analysis Report Dover Corporation (DOV) : Free Stock Analysis Report Enerpac Tool Group Corp. (EPAC) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Stanley Black & Decker, Inc. SWK reported adjusted earnings of $1.57 per share for the second quarter of 2026, which beat the Zacks Consensus Estimate of $1.20 by 30.8%. The bottom line increased from adjusted earnings of $1.08 per share reported in the year-ago quarter.Net sales of $3.96 billion surpassed the consensus estimate of $3.93 billion by 0.7% and increased 0.4% year over year. Higher organic sales, improved gross margins and strong cash generation supported the quarter, while the company also raised its full-year earnings and free cash flow guidance. Stanley Black generated Tools & Outdoor revenues of $3.56 billion, up 3% year over year, driven by higher volumes in U.S. retail and commercial & industrial channels. Organic revenues for the segment also increased 3%, aided by strength in power tools despite the transition to a licensing model for gas walk-behind outdoor products.Engineered Fastening revenues declined 18% year over year to $396.4 million due to the divestiture of the Consolidated Aerospace Manufacturing (CAM) business. Excluding the divestiture impact, organic revenues increased 3%, supported by industrial demand and continued automotive fastener growth. Stanley Black & Decker, Inc. price-consensus-eps-surprise-chart | Stanley Black & Decker, Inc. Quote Stanley Black's cost of sales declined 7.8% year over year to $2.65 billion. Gross profit increased 22.4% to $1.31 billion, lifting the gross margin by 600 basis points to 33.0%. On an adjusted basis, gross margin expanded 620 basis points to 33.7%, benefiting from tariff refunds and productivity improvements.Selling, general and administrative expenses increased 8.6% year over year to $947.9 million and represented 23.9% of sales compared with 22.1% a year ago. Adjusted EBITDA was $445.7 million, indicating a year-over-year increase of 40.1%. The adjusted EBITDA margin improved 320 basis points to 11.3%, while net earnings rose sharply to $351.3 million from $101.9 million in the prior-year quarter. Stanley Black ended the quarter with cash and cash equivalents of $592.4 million compared with $280.1 million at the end of 2025. Long-term debt was $4.70 billion, largely unchanged from the figure reported at the end of 2025. The company reduced total debt by $1.7 billion during the quarter using proceeds from the CAM divestiture.Cash provided by operating activities totaled $763.1 million compared with $214.3 million in the year-ago quarter. Capital and software expenditures were $64.9 million, resulting in free cash flow of $698.2 million compared with $134.7 million in the year-ago quarter. During the quarter, the company repurchased approximately $250 million of shares and paid dividends of $124.3 million. Management raised its 2026 GAAP earnings guidance to $4.60-$5.45 per share from the prior range of $4.15-$5.35. Adjusted earnings are now projected in the range of $5.20-$5.80 per share, up from the earlier outlook of $4.90-$5.70.The company also increased its free cash flow forecast to $600-$800 million from the previous expectation of $500-$700 million. Management said the revised guidance reflects the benefit from tariff refunds realized in the second quarter as well as taxes and fees associated with the CAM divestiture. Management highlighted that second-quarter sales, margins and cash generation kept the company on track to achieve its full-year sales and profitability targets. The completed CAM divestiture strengthened the balance sheet, enabling debt reduction, share repurchases and continued investments in growth initiatives.The company noted that tariff refunds provided an earnings benefit during the quarter while supporting additional investments. Management reiterated confidence in delivering sustainable profitable growth through disciplined execution of its strategic priorities and capital allocation plan. Stanley Black currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks from the same space are discussed below:Applied Industrial Technologies AIT carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Applied Industrial’s earnings surpassed the consensus estimate in each of the trailing four quarters. The average earnings surprise was 4.0%.  In the past 60 days, the Zacks Consensus Estimate for Applied Industrial’s fiscal 2026 bottom line has inched up 0.1%.Dover Corporation DOV presently carries a Zacks Rank of 2. Dover’s earnings surpassed the consensus estimate in each of the trailing four quarters. The average earnings surprise was 1.8%. In the past 60 days, the Zacks Consensus Estimate for DOV’s 2026 earnings has increased 0.5%.Generac Holdings GNRC currently carries a Zacks Rank of 2. Generac Holdings’ earnings topped the consensus estimate twice and missed on the other two occasions in the trailing four quarters. The average earnings surprise was 7.4%. In the past 60 days, the Zacks Consensus Estimate for GNRC’s 2026 earnings has been stable. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Stanley Black & Decker, Inc. (SWK) : Free Stock Analysis Report Dover Corporation (DOV) : Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report Generac Holdings Inc. (GNRC) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Generac Holdings Inc. GNRC reported second-quarter 2026 adjusted earnings per share (EPS) of $2.91, which beat the Zacks Consensus Estimate of $1.95. GNRC registered an adjusted EPS of $1.65 in the prior-year quarter.Net sales were $1.173 billion, up 11% from $1.06 billion in the prior-year quarter. The figure missed the consensus estimate by 0.4%. Strength in the Commercial & Industrial (C&I) segment, particularly the data center market, remained the key catalyst, along with a $71 million pre-tax benefit from tariff refunds. GNRC still expects full-year 2026 net sales growth in the mid-to-high teens, including an approximately 2% favorable contribution from foreign currency, acquisitions and divestitures. C&I sales are projected to grow in the low-30% range, while Residential sales are forecasted to increase in the high-single-digit range.However, the net income margin before noncontrolling interests is now forecasted at 9-10%, above the previous 8-9% range. Adjusted EBITDA margin is now expected at 20-21%, up from the prior range of 18.5-19.5%. The tariff refund recorded in the second quarter should add about 1.5% to the full-year margin. Image Source: Zacks Investment Research GNRC is up 10% in pre-market trading today. The stock has gained 8% compared with the Manufacturing-General Industrial industry’s growth of 7.5% in the past year. Beginning in the first quarter of 2026, Generac has reorganized its segments to align with changes announced at its Investor Day held earlier this year. The company’s two reportable segments are now Residential and C&I. The Residential segment consists of the former Domestic segment without the domestic C&I operations. The C&I segment consists of the former International segment, plus the domestic C&I operations. C&I revenues totaled $556.5 million, up 29% year over year, while the data center backlog reached about $1.6 billion. This included a 6% net favorable impact from the combination of acquisitions, divestitures and foreign currency. Core growth came from the data center market, while higher rental and telecom shipments more than offset weaker domestic industrial distributor shipments.Generac also highlighted a global supply agreement with a hyperscale data center client that it signed during the quarter and added that, with the recent finalization of product-specific terms, the commitment is nearly $700 million of volume for 2027. GNRC has also secured a global supply agreement with a second hyperscale customer and is currently holding negotiations for final product-specific terms for 2027 and 2028 volumes. Notably, the data center backlog excludes committed volumes from the second hyperscale customer.During the quarter, Generac completed the Enercon acquisition. It purchased an additional facility in Belvidere, IL, to support large-megawatt generator packaging. Generac Holdings Inc. price-consensus-eps-surprise-chart | Generac Holdings Inc. Quote Revenues from Residential were down 2% year over year to $621.3 million. Lower energy storage system and portable generator shipments drove the decline, largely offset by higher home standby generator sales. Gross profit increased to $521.8 million from $416.7 million, and gross margin widened to 44.5% from 39.3%. Tariff refunds added roughly 6% to gross margin. Favorable pricing partly offset unfavorable sales mix and higher input costs.Operating expenses increased 2% to $311.4 million, reflecting investments to support C&I growth and higher intangible amortization, partly offset by lower legal expenses. Operating income advanced 88.2% to $210.4 million. Adjusted EBITDA reached $290.7 million, or 24.8% of sales, compared with $187.6 million, or 17.7%, a year earlier. Net cash provided by operating activities increased to $121.2 million from $72.2 million in the year-ago quarter. Free cash flow rose to $62.9 million from $14.5 million in the year-ago quarter, supported by higher operating earnings, particularly cash receipts from tariff refunds.At June 30, 2026, cash and cash equivalents totaled $264.9 million, down from $265.5 million as of March 31. Long-term borrowings and finance lease obligations were $1.25 billion. Generac currently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Otis Worldwide Corporation OTIS reported second-quarter 2026 results wherein EPS of $1.01 beat the Zacks Consensus Estimate by 1%. In the year-ago quarter, it reported an adjusted EPS of $1.05. OTIS’ net sales of $3.9 billion surpassed the consensus mark by 3.7% and increased 7.3% on a year-over-year basis. Organically, net sales were up 6% year over year. Shares of OTIS have declined 14.9% in the past year.Dover Corporation DOV posted second-quarter fiscal 2026 adjusted earnings of $2.74 per share, up 12% year over year. The figure topped the Zacks Consensus Estimate of $2.72. Dover Corporation’s quarterly revenues increased 7% year over year to $2.19 billion, but missed the consensus estimate of $2.21 billion. Shares of DOV have gained 11.4% in the past year.Graco Inc.’s GGG second-quarter 2026 adjusted earnings of 91 cents per share rose 17% from the year-ago quarter. The bottom line topped the Zacks Consensus Estimate by 12.4%. Graco’s net sales inched up 3% year over year to $590.6 million but lagged the consensus estimate by 3%. Shares of GGG have declined 1.4% in the past year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Generac Holdings Inc. (GNRC) : Free Stock Analysis Report Dover Corporation (DOV) : Free Stock Analysis Report Graco Inc. (GGG) : Free Stock Analysis Report Otis Worldwide Corporation (OTIS) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Illinois Tool Works Inc. ITW reported second-quarter 2026 adjusted earnings of $2.84 per share, which surpassed the Zacks Consensus Estimate of $2.80. Earnings increased 10.1% year over year.Illinois Tool’s revenues of $4.30 billion beat the consensus estimate of $4.18 billion. The top line increased 6.1% year over year, driven by an organic sales growth of 4.5%. Favorable foreign currency translation and acquisitions had a positive impact of 1.4% and 0.2%, respectively, in the quarter. Test & Measurement and Electronics’ revenues were $769 million, up 12.1% year over year. Revenues from Automotive Original Equipment Manufacturer increased 1.3% year over year to $857 million. Our estimate for segmental revenues was $866 million.Food Equipment generated revenues of $692 million, up 1.6% year over year. Our estimate for segmental revenues was $695 million. Welding revenues were $549 million, up 14.7% year over year.Construction Products’ revenues were up 4.3% year over year to $494 million. Our estimate for segmental revenues was $482 million. Revenues of $468 million from Specialty Products reflected an increase of 3% year over year. Our estimate for segmental revenues was $465 million. Polymers & Fluids’ revenues of $476 million increased 8.8% year over year. Our estimate for segmental revenues was $451 million. Illinois Tool Works Inc. price-consensus-eps-surprise-chart | Illinois Tool Works Inc. Quote Illinois Tool’s cost of sales increased 5.8% year over year to $2.40 billion. Selling, administrative and research and development expenses increased 6.1% year over year to $735 million. The operating margin was 26.7%, up 40 basis points (bps) from the year-ago quarter. Enterprise initiatives contributed 120 bps to the operating margin. At the end of the second quarter, Illinois Tool had cash and equivalents of $839 million compared with $851 million at the end of December 2025. Long-term debt was $6.55 billion compared with $6.68 billion at the end of December 2025.In the second quarter of 2026, Illinois Tool generated net cash of $723 million from operating activities, reflecting an increase of 31.5% from the year-ago number. Capital spending on the purchase of plant and equipment was $92 million, down 8.9% year over year. Free cash flow was $631 million, up 40.5% year over year. Illinois Tool raised its full-year 2026 financial guidance. ITW now expects earnings to be in the range of $11.35-$11.55 per share compared with $11.10-$11.50 expected earlier. Revenues are expected to increase 4-5% while organic revenues are anticipated to rise 3-4%. Operating margin is expected to be 26.5–27.5%. Enterprise initiatives are expected to contribute more than 100 bps to the operating margin.Illinois Tool projects free cash flow to be more than 100% of its net income. The company expects to repurchase about $1.5 billion worth of shares. The effective tax rate is expected to be 23-24%. The company currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks from the same space are discussed below:Applied Industrial Technologies AIT carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Applied Industrial’s earnings surpassed the consensus estimate in each of the trailing four quarters. The average earnings surprise was 4.0%.  In the past 60 days, the Zacks Consensus Estimate for Applied Industrial’s fiscal 2026 bottom line has inched up 0.1%.Dover Corporation DOV presently carries a Zacks Rank of 2. Dover’s earnings surpassed the consensus estimate in each of the trailing four quarters. The average earnings surprise was 1.8%. In the past 60 days, the Zacks Consensus Estimate for DOV’s 2026 earnings has increased 0.5%.Generac Holdings GNRC currently carries a Zacks Rank of 2. Generac Holdings’ earnings topped the consensus estimate twice and missed on the other two occasions in the trailing four quarters. The average earnings surprise was 7.4%. In the past 60 days, the Zacks Consensus Estimate for GNRC’s 2026 earnings has been stable. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Illinois Tool Works Inc. (ITW) : Free Stock Analysis Report Dover Corporation (DOV) : Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report Generac Holdings Inc. (GNRC) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Interested in Dover Corporation? Here are five stocks we like better. Dover posted a strong second quarter with revenue up 7% overall, organic growth of 5%, and adjusted EPS rising 12% to $2.74. Management also raised its full-year outlook for organic revenue growth and adjusted earnings. Orders accelerated across the business, with bookings up 16% year over year and a book-to-bill ratio of 1.06. Dover said demand was broad-based across all five segments, led by secular growth areas like data centers, LNG, biopharma, aerospace and clean energy. Refrigeration production issues hurt performance in one area, as Dover missed throughput targets during a facility consolidation and labor ramp. CEO Rich Tobin said the impact shaved about 1 to 1.5 percentage points from organic growth, but expects output and profitability to improve in the second half. 3 Dividend Growth Stocks With 6% to 8% Yields Dover (NYSE:DOV) executives said the company delivered broad-based growth in the second quarter, with orders strengthening across all five business segments and management raising its full-year outlook for organic revenue growth and adjusted earnings per share. CEO and President Rich Tobin said revenue rose 7% overall and 5% organically, with each of Dover’s five segments posting positive organic growth. Adjusted EBITDA margin expanded 80 basis points to 25.9%, while adjusted earnings per share rose 12% year over year to $2.74. → Could Truth API Become Trump Media’s First Meaningful Revenue Driver? 3 Dividend Kings Poised to Outperform the Market “We delivered another strong quarter with results that reflect the breadth of demand across the portfolio,” Tobin said. He added that Dover’s top-line performance continued to be led by markets tied to secular growth trends, which he said now represent about 25% of the portfolio. Bookings were a major focus of the call. Orders increased 16% year over year, and the company reported a book-to-bill ratio of 1.06. Tobin said the order momentum extended recent trends and improved visibility into the second half of the year. → 3 Photonics Companies Making Quantum Tech Possible These 5 Dividend Aristocrats are Quality Stocks for AI Investing Dover reported organic growth in all five of its segments, with several businesses benefiting from demand tied to energy infrastructure, data centers, aerospace and biopharma. Engineered Products grew 2% organically, driven by aerospace and defense components, fluid dispensing and industrial winches, along with stabilization in the North American vehicle aftermarket. Segment margins expanded 100 basis points. Clean Energy & Fueling grew 9% organically, supported by clean energy components and retail fueling equipment and software. Tobin cited momentum in cryogenic components used in LNG and space launch infrastructure. Segment margin expanded 170 basis points. Imaging & Identification grew 3% organically, with growth in marking and coding equipment, consumables, spare parts and serialization software. Margins expanded 150 basis points. Pumps & Process Solutions grew slightly, with strength in AI and energy infrastructure components, single-use biopharma and industrial pumps. Segment margin expanded 170 basis points to 35%. Climate & Sustainability Technologies grew 8% organically, helped by strong heat exchanger demand tied to liquid cooling for data centers and a recovery in European residential heat pumps. Tobin said the heat exchangers business delivered its “best quarter ever,” with particularly strong demand tied to liquid cooling for data centers. He said Dover is working to double capacity for those products over the next 12 months. → AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off Despite overall growth in Climate & Sustainability Technologies, Tobin said Dover had a difficult quarter in refrigeration. Demand was strong across product lines, particularly CO2 systems, but the company struggled to raise output while consolidating facilities and ramping labor. “We frankly did not expect to fall short on our production throughput targets,” Tobin said. “That’s on me, and it cost us on the top line in the quarter probably a point to a point and a half of organic growth.” In response to a question from Vertical Research analyst Jeff Sprague, Tobin clarified that the impact was on a consolidated Dover basis. He said the company had been late on some deliveries but was not aware of any market share loss. He added that Dover had “all hands on deck” to catch up in the third and fourth quarters. Tobin said the facility consolidation project is about three-quarters complete and that management expects throughput to improve sequentially over the balance of the year. He also said profitability in the second half should be “materially different” from the first half as output rises and redundant costs are reduced. CFO Chris Woenker said year-to-date free cash flow was $320 million, or 8% of revenue, up 23% from the prior year. He said the improvement was driven mainly by operating cash conversion on higher earnings, partly offset by working capital investments tied to faster revenue growth. Woenker said Dover expects cash flow generation to accelerate meaningfully in the second half due to seasonal working capital liquidation. The company maintained its full-year capital expenditure estimate of $190 million to $210 million and free cash flow guidance of 14% to 16% of revenue. Tobin said Dover raised its full-year adjusted EPS guidance and organic growth outlook based on first-half performance, momentum in end markets and visibility into the second half. He did not provide quarterly guidance when asked about third-quarter trends. Tobin highlighted several markets supporting Dover’s growth, including natural gas and LNG infrastructure, data centers, CO2 refrigeration, semiconductors and electronics manufacturing, biopharma, medical applications and space-related infrastructure. He said Dover participates in the natural gas ecosystem through cryogenic components such as valves and vacuum-jacketed piping for LNG infrastructure, as well as precision components for compressors, engines, steam turbines and gas turbines. He also said OEM lead times in some of those areas now extend for years. In data centers, Tobin said increasing thermal requirements for new chips are driving a shift toward liquid cooling, benefiting Dover’s connector and heat exchanger businesses. He said customers are securing capacity well ahead of need in that market. In CO2 refrigeration, Tobin said industry adoption is no longer driven only by regulation but by economics and total cost of ownership versus legacy refrigerants. Responding to Melius Research analyst Scott Davis, he said the absence of a time-based mandate is “actually better” for Dover because adoption can occur over a multi-year period. Tobin also said Dover expects to generate $50 million in revenue tied to space this year, supported by cryogenic components for launch infrastructure and radio frequency products for satellites. Tobin said industrial M&A markets have improved, with more assets coming to market than in recent years. He said Dover has “a number of interesting opportunities” in attractive end markets and is keeping financial flexibility to evaluate potential deals. In response to Citigroup analyst Andy Kaplowitz, Tobin said Dover would pursue acquisitions if it can create value at appropriate prices. If not, he said the company would consider returning capital to shareholders rather than building excess cash. “We are staying disciplined in our operations, investing behind platforms where returns are most compelling, and maintaining balance sheet flexibility to play offense on capital deployment,” Tobin said. Dover Corporation is a diversified global manufacturer of industrial products, components and specialty systems that serve a wide range of commercial and industrial end markets. Headquartered in Downers Grove, Illinois, the company has built a portfolio of operating businesses that design, manufacture and distribute engineered equipment, aftermarket parts and related services for customers around the world. Dover's activities span several product and solution categories, including fluid-handling and pumping systems, material handling and processing equipment, refrigeration and foodservice technologies, product identification and printing systems, precision components and automation and sensing solutions. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Dover Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

Dover Corporation DOV reported second-quarter 2026 adjusted earnings of $2.74 per share, up 12% year over year and beating the Zacks Consensus Estimate of $2.72. The improvement reflected broad-based revenue growth, stronger segmental margins and operational execution that more than offset input-cost inflation.On a reported basis, Dover delivered earnings of $2.31 per share in the quarter, up 14% year over year.Revenues rose 7% year over year to $2.19 billion but missed the consensus estimate of $2.21 billion. Organic revenues increased 4.8% in the quarter. Our model expected organic revenues to rise 5.7%. Dover Corporation price-consensus-eps-surprise-chart | Dover Corporation Quote Cost of sales increased 6.3% year over year to $1.31 billion. Gross profit rose 7.6% to $881 million, while the gross margin improved to 40.2% from 39.9% in the prior-year quarter.Selling, general and administrative expenses increased 5.4% to $488.8 million. Total adjusted segment EBITDA advanced 10.3% to $567 million, and the related margin expanded 80 basis points to 25.9%. The Engineered Products segment’s revenues increased 2.7% year over year to $283 million in the quarter. The reported figure came in line with our estimate. The segment’s adjusted EBITDA rose 7.8% to $63.2 million from $58.7 million in the year-ago quarter. Demand was strong in aerospace and defense components, fluid dispensing and industrial winches, with stabilization in the North American vehicle aftermarket. The figure met our estimate. The Clean Energy & Fueling segment’s revenues climbed 8.9% year over year to $595 million, led by clean energy components and retail fueling. The figure beat our estimate of $591 million. The segment’s adjusted EBITDA increased 17.9% to $137.7 million on volume leverage, operational execution and acquisition integration benefits. The figure beat our estimate of $131.5 million.The Imaging & Identification segment’s revenues moved up 4.5% year over year to $305 million. The reported figure missed our projection of $307 million. The segment’s adjusted EBITDA was $89.3 million, up 10.1% from the year-ago quarter’s $81.2 million. The figure missed our estimate of $82 million. Growth came from serialization software, core marking and coding equipment, consumables and spare parts.The Pumps & Process Solutions segment’s revenues rose 6.2% year over year to $552.7 million in the second quarter but missed our estimate of $558 million. The segment’s adjusted EBITDA totaled $192.9 million, up 11.7% from $172.6 million in the prior-year quarter. The reported figure was lower than our projection of $193 million. AI and energy infrastructure, single-use biopharma and industrial pumps supported the top line, while a richer mix of biopharma shipments aided profitability.The Climate & Sustainability Technologies segment’s revenues grew 9.4% year over year to $455.1 million from $416.2 million. Robust shipments of carbon dioxide refrigeration systems and global heat exchangers drove the gain. We had predicted revenues of $459 million for this segment. The segment’s adjusted EBITDA totaled $83.8 million compared with $84.9 million in the year-earlier quarter, marking a decline of 1.2%. The figure lagged our estimate of $103 million. Dover’s bookings in the second quarter were worth $2.33 billion, growing 16% from $2.01 billion in the prior-year quarter. Bookings rose across all five segments, strengthening second-half visibility and supporting management's confidence in the outlook. Total bookings were higher than our estimate of $2.26 billion. The book-to-bill ratio came in at 1.06. Cash flow from operating activities rose to $236 million from $212 million in the year-ago quarter. Capital expenditure declined to $47.8 million from $60.9 million.The free cash flow increased 24.4% to $188.4 million. It represented 8.6% of revenues and 50.7% of adjusted earnings from continuing operations. For the first six months, the free cash flow totaled $319.6 million, up from $260.7 million. Backed by the ongoing improvement in end-market demand, Dover raised its 2026 adjusted earnings guidance to $10.55-$10.75 per share from the previously mentioned $10.45 to $10.65. Full-year revenue growth is projected at 6-8%, including organic growth of 4-6%. The company also expects the free cash flow to be 14-16% of revenues and capital expenditure to be $190-$210 million. The company’s shares have gained 16.2% in the past year compared with the industry’s growth of 5.1%. Image Source: Zacks Investment Research Dover currently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Graco Inc.’s GGG second-quarter 2026 adjusted earnings of 91 cents per share beat the Zacks Consensus Estimate of 81 cents. The bottom line grew 22% year over year.Graco’s revenues of $591 million missed the consensus estimate of $609 million. The top line increased 3.3% year over year. Flowserve Corporation FLS is scheduled to release second-quarter 2026 results on June 29. The Zacks Consensus Estimate for FLS’s second-quarter 2026 earnings is pegged at 86 cents per share, suggesting a year-over-year dip of 5.5%The Zacks Consensus Estimate for Flowserve Corp’s top line is pegged at $1.16 billion, indicating a decrease of 2.4% from the prior year’s actual. FLS has a trailing four-quarter average surprise of 12.7%.Applied Industrial Technologies, Inc. AIT is scheduled to release fourth-quarter fiscal 2026 results on Aug. 13. The Zacks Consensus Estimate for AIT’s fourth-quarter 2026 earnings is pegged at $2.91 per share, suggesting year-over-year growth of 3.9%.The Zacks Consensus Estimate for Applied Industrial’s top line is pegged at $1.29 billion, indicating an increase of 5.6% from the prior year’s actual. AIT has a trailing four-quarter average surprise of 4%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Dover Corporation (DOV) : Free Stock Analysis Report Flowserve Corporation (FLS) : Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report Graco Inc. (GGG) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research