Dover Corporation - DOV STOCK NEWS

Dover's subsidiary, Markem-Imaje, launched the FB655 continuous inkjet ink aimed at the food and fast-moving consumer goods industries on Feb. 3, 2021. This low odor, alcohol-based ink enhances user experience and cost control while offering excellent code quality. The FB655 is environmentally friendly, consuming 50% less additive compared to traditional inks and eliminating the need for pressurization kits or compressed air. It supports compliance with various industry regulations, delivering clear code definitions suitable for Datamatrix and QR codes.

Dover reported its fourth quarter and full year 2020 financial results, revealing fourth quarter revenue of $1.78 billion and a 6% decline in full year revenue to $6.68 billion. GAAP net earnings rose 8% to $182 million in Q4, while adjusted net earnings saw a 5% decrease for the year. The company anticipates 2021 growth, projecting GAAP EPS of $5.42 to $5.62 and adjusted EPS of $6.25 to $6.45, alongside an 8% to 10% revenue increase. Management highlights strong underlying operations and a focus on productivity initiatives.

Dover's Ebsray brand has launched the HiFlow Series Regenerative Turbine Pumps, aimed at enhancing the transfer of liquefied petroleum gas (LPG), propane, butane, and Autogas. The pumps feature low NPSHr requirements, ensuring efficient operation even under challenging fluid conditions.

The R75/R77 models are designed for truck-mounted use, while R80/R82 models are for large-volume base-mounted setups. The HiFlow Series promises high flow rates of up to 600 L/min (159 gpm) and is built for ease of maintenance, with only one wear component. This innovation reflects Ebsray's commitment to advancing pump technology.

Markem-Imaje, a subsidiary of Dover (DOV), has launched its innovative MS596 thermochromic ink, which changes color at high temperatures to ensure the correct sterilization of packaged food. This solution addresses the increasing regulatory demands for proper marking in the food industry. The MS596 ink, compatible with metal cans and plastic films, offers excellent adhesion without requiring pre-treatment, operates between 5°C and 40°C, and features quick drying time of one second. It complies with food safety regulations and enhances production throughput.

Dover Precision Components, part of Dover (NYSE: DOV), has expanded its TruTech™ materials brand, integrating advanced polymer science for enhanced performance in critical components. Significant investments in material technology have led to the development of proprietary techniques and a dedicated lab, ensuring high quality and innovative solutions. The TruTech portfolio now includes materials for non-lubricated compressor applications and aims to improve service life in demanding conditions. These advancements position Dover to meet the evolving needs of industries relying on rotating and reciprocating machinery.

Dover (NYSE: DOV) announced that MAAG Group has been selected by Royal DSM to provide automatic strand pelletizing lines for the modernization of their materials compounding plant in Evansville, IN. The JSG systems from MAAG Group are designed for high throughput in plastics compounding, minimizing manual interaction and maximizing efficiency. With over 20 years of experience, MAAG Group’s systems help customers improve productivity and reduce waste. This partnership highlights Dover's commitment to delivering innovative solutions in the polymer and chemical industries.

Dover Fueling Solutions (DFS) has officially launched its new ProGauge MagLink LX 4 console, enhancing user experience with touch and swipe technology and superior graphics for better fuel management. This next-generation console provides real-time data visualization of underground fuel storage, enabling users to make informed decisions quickly. The MagLink LX 4 integrates effectively with other DFS products, creating a comprehensive solution for fuel retailers. The console is touted as the most advanced in the market, promising to exceed customer expectations.

Dover (NYSE: DOV) has announced that its fourth quarter 2020 earnings will be released on January 28, 2021, at 6:00 a.m. Central time. A conference call will follow at 9:00 a.m. Central time to discuss the results. Participants can join the call using the provided dial-in numbers. The earnings announcement and the conference call are crucial for investors as they will provide insights into Dover's financial performance, with a focus on revenue metrics and company guidance.

Dover announced the launch of the new BX4T brazed plate heat exchanger (BPHE) for the refrigeration market, enhancing efficiency with a compact design ideal for variable refrigerant flow (VRF) systems and heat pumps. The BX4T features an innovative All-Active plate pack that improves heat exchange efficiency and reduces refrigerant hold-up volume, making it suitable for high-pressure refrigerants like R410A and R32. This product strengthens SWEP's portfolio, aimed to deliver superior performance while minimizing life-cycle costs.