Dover Corporation - DOV STOCK NEWS

Chief Collision Technology, a segment of Dover (NYSE: DOV), has expanded its network of Paintless Dent Repair (PDR) shops in the United States. This expansion aims to provide an all-in-one repair solution for insurance companies, dealerships, and fleet managers, eliminating the need for costly staffing at CAT sites. Chief's PDR Network can mobilize within 48 hours after a hail event, offering comprehensive hail damage management using innovative technology like the Constellation™ touchless 3D scanning system. This initiative aligns with Dover's mission to deliver high-quality solutions in collision technology.

Dover Digital Printing (NYSE: DOV) announced a strategic partnership with G-TEC Global to provide eco-friendly PVC material solutions aimed at enhancing packaging and visual communication standards. This collaboration emphasizes quality color management and environmentally friendly practices. G-TEC, a UK-based manufacturer, brings over 30 years of experience and innovative products. Their new eco-friendly materials are now available, supported by Caldera's digital workflow, promoting sustainability within the industry.

Dover (NYSE: DOV) announced that President and CEO Richard J. Tobin will present at two upcoming conferences: the Barclays Industrial Select Conference on February 23, 2022, at 1:50 pm ET, and the Citi 2022 Global Industrial Tech and Mobility Conference on February 24, 2022, at 8:50 am ET. Both events will take place in Miami, FL. Live audio webcasts will be available on dovercorporation.com, with replays accessible for 90 days post-event. Dover, a global manufacturer, reported annual revenues of approximately $8 billion.

The Board of Directors of Dover (NYSE: DOV) has declared a quarterly cash dividend of $0.50 per share, payable on March 15, 2022. Shareholders on record by February 28, 2022 will benefit from this dividend. Dover, a global manufacturer with annual revenues of approximately $8 billion, operates across five segments including Engineered Products and Clean Energy. This announcement underscores Dover's commitment to returning value to shareholders while maintaining stable operations.

Dover (NYSE: DOV) has expanded its environmental product offering with the introduction of Hillphoenix's CO₂One™ single-condensing unit. This new unit supports businesses with natural refrigerants while minimizing environmental impact. The CO₂One is available in single-condensing and split system configurations and is designed to comply with emerging regulations by replacing HFC units. Notably, it can enhance existing refrigeration systems while reducing installation complexities and potential refrigerant leaks, offering economic and environmental benefits.

Dover (NYSE: DOV) reported a strong performance for Q4 and full year 2021, achieving revenue of $2.0 billion for Q4, a 12% increase year-over-year, and $7.9 billion for the full year, up 18%. Net earnings saw a significant rise of 99% to $363 million for Q4, with diluted EPS jumping to $2.49. For 2021, GAAP net earnings reached $1.124 billion and diluted EPS rose to $7.74, reflecting a 64% increase. Despite operational challenges, Dover anticipates continued growth in 2022, forecasting GAAP EPS between $7.45 and $7.65, driven by robust demand and strategic investments.

On January 26, 2022, Dover (NYSE: DOV) subsidiary Markem-Imaje unveiled the 5940 G Touch Dry high-resolution inkjet coder. This system efficiently prints GS1-128 compliant codes on corrugated packaging, eliminating high labeling costs. It features proprietary Touch Dry inks for instant drying and increased readability, ensuring sustainability as they are VOC-free. The 5940 G also boasts Intelli'Flow technology for improved print quality and operational efficiency, reducing maintenance and downtime. This innovation enhances throughput and helps manufacturers manage print jobs effectively.

CPC, part of Dover (NYSE: DOV), is expanding its operations in Minneapolis-St. Paul to meet growing demand in biopharmaceuticals and other markets. The company plans to occupy a new 168,000-square-foot facility in Arden Hills, Minn. by fall 2022, complementing existing operations in Roseville. With a doubling workforce since 2020, CPC now employs nearly 1,200 people globally and has expanded its cleanroom capabilities to meet customer needs. This strategic growth reflects increasing demand for its fluid management solutions amid expanding market opportunities.

TWG, part of Dover (DOV), has launched a global e-commerce website, shop.dovertwg.com. This major initiative reflects TWG's investment in digital transformation aimed at enhancing customer experiences. The site allows users to shop the full range of TWG mechanical and electronic products, streamlining the purchasing process. Key features include a 3-way search, product selector, and quick order options to boost productivity for engineering and sales teams. The launch positions TWG to better meet customer needs and grow market share.