Dover Corporation - DOV STOCK NEWS

Dover Fueling Solutions (DFS) has launched DX Power, a solution integrating electric vehicle (EV) chargers with its Prizma platform, targeting the European, Middle Eastern, and African regions. This modular, cloud-based platform allows seamless connections between EV chargers and retail payment systems, enhancing customer experience and retailer visibility. DX Power is compliant with industry standards, ensuring interoperability and ease of management. DFS emphasizes that this solution future-proofs fuel retail businesses amid ongoing energy transitions, allowing operators to offer various payment options while optimizing existing equipment.

Dover (NYSE: DOV) announced that its President and CEO, Richard J. Tobin, will present at two significant industry conferences this March. The first is the J.P. Morgan Industrials Conference on March 14, 2023, at 8:50 a.m. EST, followed by the Bank of America Securities Global Industrials Conference on March 22, 2023, at 4:40 a.m. EST (9:40 a.m. GMT). Live audio webcasts will be available on the Dover website, with replays accessible for 90 days. Dover, headquartered in Downers Grove, Illinois, is a diversified global manufacturer with annual revenues exceeding $8 billion.

Dover (NYSE: DOV) announced that Lucy Lee, Manufacturing Manager at its Colder Products Company (CPC), received the 2023 Women MAKE Awards honor. Lee leads a diverse team at the CPC facility in Roseville, Minnesota, and is recognized for her significant contributions and leadership. The awards, presented by the Manufacturing Institute, aim to address the gender gap in manufacturing and celebrate women across the industry. Lee is one of 130 honorees from over 100 companies, with a ceremony scheduled in Washington, D.C. in April. Dover, a global manufacturer with over $8 billion in annual revenue, operates across various sectors.

On February 23, 2023, Dover announced the launch of the new KBI scissor lift series by its subsidiary Ravaglioli, aimed specifically at auto body shops. The KBI series includes five models that emphasize safety, ergonomics, and installation flexibility. Key features include an automatic arm stop system and a unique adjustable structure. The lifts can be installed without additional shims and offer fast lifting and easy vehicle positioning. Ravaglioli, established in 1958, is recognized in Europe as a leading manufacturer of vehicle lifting equipment. This launch highlights Ravaglioli's commitment to innovation within the vehicle service industry.

Dover, a global manufacturer with annual revenues exceeding $8 billion, announced that its President and CEO, Richard J. Tobin, will present at the Citi 2023 Global Industrial Tech and Mobility Conference in Miami, FL on February 22, 2023, at 8:00 am ET.

A live audio webcast of the presentation will be available on dovercorporation.com, with a replay archived for 90 days. Dover operates through five segments, fostering innovation and collaboration with over 25,000 employees worldwide. The company's commitment to operational agility positions it as a leader in its market.

Dover (NYSE: DOV) has announced a quarterly cash dividend of $0.505 per share, scheduled for payment on March 15, 2023. The record date for shareholders is set for February 28, 2023. With annual revenues exceeding $8 billion, Dover operates through five segments, including Engineered Products and Clean Energy & Fueling. The company continues to showcase its commitment to returning value to shareholders through consistent dividend payouts.

Dover (NYSE: DOV) announced the immediate appointment of Michael Manley, CEO of AutoNation, Inc., to its Board of Directors. Mr. Manley will also join the Board's Audit and Finance Committees. His extensive experience in management, manufacturing operations, and capital markets is expected to enhance Dover's strategic direction. Mr. Manley previously held leadership roles at Stellantis N.V. and Fiat Chrysler Automobiles, contributing to significant shareholder value creation. Dover, with over $8 billion in annual revenue, is recognized for its diversified operations across several sectors, employing over 25,000 individuals globally.

Dover reported strong financial results for Q4 and the full year of 2022. Revenue for Q4 reached $2.1 billion, up 8% year-over-year, while full-year revenue totaled $8.5 billion, also an 8% increase. Despite revenue growth, GAAP net earnings fell 27% in Q4 to $264 million, and 5% for the full year to $1.065 billion. However, adjusted net earnings rose 18% in Q4 and 9% for the year. Dover anticipates GAAP EPS between $7.87 and $8.07 in 2023, with expected revenue growth of 3% to 5%. Management noted strong demand trends and an elevated backlog, citing confidence for continued operational improvements and shareholder value creation.

Dover's subsidiary, Markem-Imaje, has received the BRC Global Standard certification for Packaging Materials, validating its CIJ inks and additives for food safety and compliance. This certification enhances Markem-Imaje's reputation and supports food producers in maintaining consumer trust. Achieved at the Bourg-Lès-Valence, France site, it signifies that the manufacturing practices meet rigorous global standards set by the Global Food Safety Initiative. Markem-Imaje aims to extend this certification across all its ink manufacturing facilities, highlighting its commitment to food safety amidst growing concerns over food fraud and hygiene.