Dover Corporation - DOV STOCK NEWS

Dover (NYSE: DOV) announced a strategic partnership between its Vehicle Service Group and TEXA, a leader in diagnostic tools for the vehicle repair industry. This collaboration aims to enhance Rotary's offerings in the automotive service sector by introducing a mobile Advanced Driver Assistance System (ADAS) solution and new fully automatic air conditioning (A/C) charging stations. The mobile ADAS solution will provide cost-efficient calibration services, while the A/C machines will facilitate quick refrigerant recovery and recycling.

Caldera, a part of Dover (NYSE: DOV), launched Version 16 of its raster image processor software, enhancing digital printing for users. The update features over 50 new Print & Cut drivers and improved licensing management through CalderaDock 2.0, streamlining the installation process. The software, compatible with macOS Ventura, utilizes Adobe PDF Print Engine 6, ensuring high-quality prints with advanced color management.

Caldera emphasizes efficiency for print operators, allowing for automation of processes within various printing environments.

Techcon, a part of Dover (NYSE: DOV), has launched the TS8200D Series Micro-Meter Mix Dispensing System, designed for precise dispensing of two-component adhesives like epoxies and polyurethanes. This system integrates updated M-Series Progressive Cavity Pumps and features software-controlled mix ratio configurations ranging from 1:1 to 10:1, ensuring accurate dispensing. Additional features include pressure sensors for monitoring pump performance, significantly minimizing the risk of cross-contamination.

This innovative solution targets industries such as electronics and automotive, enhancing operational efficiency.

Central Research Laboratories (CRL), a part of Dover (NYSE: DOV), has launched the E Rapid Transfer Port (ERTP), enhancing its product line for life sciences. This innovative model features a one-hand unlatched access door, a compact handle-turn radius, and reduced moving parts for easier maintenance. The ERTP is designed for compatibility with standard beta-flange systems, ensuring effective cleaning and operation. CRL aims to streamline production and reduce costs with this new offering, reflecting its 25 years of experience in developing remote-handling solutions.

Dover's Board of Directors has announced a quarterly cash dividend of $0.505 per share, payable on December 15, 2022. This dividend will benefit shareholders of record as of November 30, 2022. Dover, a diversified global manufacturer with over $8 billion in annual revenue, operates across five segments, including Engineered Products and Clean Energy. The company employs over 25,000 people and is recognized for its operational agility in the markets it serves.

Dover (NYSE: DOV) announced that its President and CEO, Richard J. Tobin, will speak at the Baird 2022 Global Industrial Conference in Chicago, Illinois, on November 8, 2022, at 7:55 am CT. Investors can access a live audio webcast of the presentation via dovercorporation.com, with an archive available for 90 days. Dover is a global manufacturer with annual revenues exceeding $8 billion, operating across five segments, and recognized for its innovative solutions and entrepreneurial approach.

On October 27, 2022, Wilden, a brand of Dover (NYSE: DOV), announced the expansion of its metal Equalizer® Surge Dampeners with a new 76 mm model. These Integrated SD Series dampeners are designed to integrate seamlessly into Wilden's air-operated double-diaphragm pumps, significantly reducing fluid pressure fluctuations, thereby improving discharge flow and overall containment. The new model complements existing sizes of 25 mm, 38 mm, and 51 mm, making them suitable for various industries, including oil and gas, chemicals, and coatings.

Dover (NYSE: DOV) announced the launch of Markem-Imaje's MiVista™ connected printer services, aimed at enhancing daily coding operations for manufacturers. This IoT-driven service offers real-time visibility, automated monitoring, and advanced analytics based on extensive field data from over 4,000 printers. Key benefits include improved operational efficiency, continuous performance improvements, and rapid diagnostics for quick issue resolution. The service is currently available for the 9450 and 9750 continuous inkjet series, with phased rollouts planned.

Dover reported strong financial results for Q3 2022, with revenues of $2.2 billion, an increase of 7% year-over-year. Net earnings reached $286 million, up 8%, while diluted EPS rose by 10% to $2.00. For the first nine months, revenue increased 8% to $6.4 billion, and net earnings rose 5% to $802 million. Management noted improving supply chain conditions and a robust order backlog, but remains cautious about macroeconomic uncertainties. Full-year GAAP EPS guidance is between $7.40 and $7.50, with adjusted EPS expected between $8.40 and $8.50.