Dover Corporation - DOV STOCK NEWS

Dover 's (NYSE: DOV) Board of Directors has declared a regular quarterly cash dividend of $0.515 per share. The dividend will be paid on December 16, 2024, to shareholders who are on record as of November 29, 2024.

Dover (NYSE: DOV) has announced its participation in the upcoming Baird 2024 Global Industrial Conference in Chicago. President and CEO Richard J. Tobin will deliver a presentation on Wednesday, November 13, 2024, at 9:40 am CT. The company will provide a live audio webcast of the presentation through their website, dovercorporation.com, with the recording remaining accessible for 90 days afterward.

KPS, a Dover (NYSE: DOV) company, has launched a new 3-inch conductive High Density Polyethylene double wall piping system. The system features a 90mm primary containment pipe and 110mm secondary containment pipe, designed for medium to high flow applications in fueling forecourts, data centers, and generators.

Certified to EN 14125, the system includes zero-permeation design with EVOH layer, suitable for various liquids including fuel, chemicals, biodiesel, and ethanol blends. The electrofusion-welded system aims to reduce cost and build time, backed by KPS technical team support through training and certification.

Dover (NYSE: DOV) reported its Q3 2024 financial results with revenue of $2.0 billion, up 1% year-over-year. GAAP earnings from continuing operations reached $313 million, increasing 19%, while GAAP diluted EPS grew 22% to $2.26. On an adjusted basis, earnings increased 4% to $314 million, with adjusted EPS up 6% to $2.27. The company showed strong performance in clean energy, biopharma components, thermal connectors, and CO2 refrigeration systems. Dover updated its 2024 guidance, expecting GAAP EPS of $10.11-$10.21 and revenue growth of 1-3%, excluding the recently divested Environmental Solutions Group business.

Dover Fueling Solutions (DFS), part of Dover (NYSE: DOV), has launched Wayne PWR™, a new DC fast charger for electric vehicles. Manufactured in Austin, Texas, the charger is NEVI-compliant and focuses on reliability and durability. Key features include superior weather protection, vandal-proofing, and temperature reliability. The system offers an intuitive touchscreen interface, secure payment options through Wayne iX Pay Direct™, and a cloud-based management system for real-time monitoring. The product is supported by DFS's nationwide Wayne® approved partner service network, providing remote diagnostics and proactive monitoring to ensure maximum uptime.

Rotary, part of Vehicle Service Group (VSG) and Dover (NYSE: DOV), has unveiled four new product innovations to enhance its vehicle service and repair solutions lineup. The new products include the Rotary® R1250 Automatic Leverless Pro Tire Changer, Rotary® ARO16 Four-Post Lift, Rotary® SLW210-AV WIDE SMARTLIFT® Inground Lift, and Chief® Phoenix Pulling Rack with Rolling Jacks. These additions are designed to improve service times, increase shop efficiency, and minimize downtime.

The company is also launching its new brand, Rotary Solutions™, which will serve as a single-source solution for premium shop equipment, resources, and training. This rebranding effort coincides with Rotary's 100th-anniversary celebration. The new products and brand will be showcased at the 2024 SEMA Show in Las Vegas from November 5-8.

Markem-Imaje, a Dover company (NYSE: DOV), has launched a comprehensive array of digital, remote, and on-site hardware services to enhance production performance and uptime for its customers. The new portfolio includes:

1. Digital self-services with a 24/7 AI-powered virtual assistant for fast troubleshooting and IoT-powered connected printer services.

2. Remote services including 24/7 chat support, live video guidance, and the Advanced Exchange Service for rapid part replacement.

3. In-person services such as preventive maintenance visits and expert assistance for unique production challenges.

This offering aims to address workforce skill gaps, reduce downtime, and optimize coding delivery for customers across various industries and locations.

Dover Fueling Solutions (DFS), part of Dover (NYSE: DOV), has launched DX Rewards™, a new loyalty offering available through DFS Anthem UX® platform-based dispensers. This innovative system integrates with existing retailer programs, providing a personalized experience at the pump. Key features include:

• Easy sign-in or auto-enrollment using phone numbers
• Access to personalized offers and rewards
• Games to earn additional points

DX Rewards aims to drive incremental indoor sales and enhance customer engagement. It's part of the broader DFS Anthem Experience, which includes features like DX Promote media and DX Market™. The system is debuting at Jump Start Stores, integrating with their existing rewards program created by Velocity Logic Group.

Metcal, a Dover (NYSE: DOV) company and leader in benchtop soldering, has launched its new MicroFine™ soldering handpieces and cartridge tips for use under microscopes. The products are compatible with Metcal MX Series and Connection Validation™ (CV) Series soldering systems, offering fixed-temperature process control in smaller, lighter formfactors.

The MicroFine line includes soldering and tweezer handpiece configurations, enabling users to rework components as small as 01005 without needing a separate system. Metcal has also introduced upgraded workstands with hands-free tip insertion, removal, and alignment features. These improvements focus on enhancing ergonomics, performance, and safety for customers working with small components.