Welcome to our dedicated page for Dover news (Ticker: DOV), a resource for investors and traders seeking the latest updates and insights on Dover stock.
Dover Corporation (NYSE: DOV) delivers engineered solutions across clean energy, industrial manufacturing, and advanced technologies. This dedicated news hub provides investors and industry professionals with essential updates about the company's strategic developments.
Access official press releases covering earnings results, product innovations, sustainability initiatives, and operational milestones. Our curated collection simplifies tracking DOV's progress in key segments including Climate & Sustainability Technologies, Pumps & Process Solutions, and Clean Energy & Fueling systems.
Stay informed about leadership changes, partnership announcements, and market expansions through verified updates. All content is organized chronologically for quick reference, with clear sourcing to ensure reliability. Bookmark this page for efficient monitoring of Dover's advancements in industrial automation, digital identification systems, and specialized manufacturing solutions.
Dover reported a strong first quarter ending March 31, 2021, with revenue of $1.9 billion, marking a 13% increase year-over-year. Net earnings rose 32% to $233 million, and diluted EPS climbed 33% to $1.61. Organic revenue growth stood at 9%. Adjusted net earnings were $263 million, up 29%, with adjusted diluted EPS at $1.81, a 30% increase. Management raised full-year 2021 revenue growth guidance to 10% to 12% and EPS guidance to $5.92 to $6.02.
Dover (NYSE: DOV) has completed the acquisition of AvaLAN Wireless Systems, a provider of secure wireless and wired Ethernet solutions. This strategic move positions Dover Fueling Solutions to enhance its offerings and address the growing demand for network infrastructure in the fuel retail sector. AvaLAN's technology promises to facilitate secure data connections for retail and government customers, aligning with trends toward digitization in the industry. While transaction terms were not disclosed, the acquisition is expected to strengthen Dover's portfolio and improve service capabilities.
Destaco, a subsidiary of Dover (NYSE: DOV), has launched the PGM40 part positioner, aimed at enhancing part-positioning applications across various industries including automotive and packaging. This precision-engineered device boasts ultra-fast settling times and high placement accuracy, promising reduced operational costs due to its energy-efficient design. The PGM40 is suitable for handling significant payloads and features compatibility with third-party motors. Its maintenance-free design enhances reliability and operational efficiency, presenting a cost-effective solution for manufacturers transitioning from traditional air-powered systems.
Dover (NYSE: DOV) announced a strategic partnership between SWEP and Hysopt design software on April 15, 2021. This collaboration will integrate SWEP heat exchangers into Hysopt's simulation tool, enhancing the design of HVAC and district heating systems. This integration aims to optimize energy efficiency, reducing both capital and operational costs. The alliance promotes sustainability and improved system performance while allowing SWEP to demonstrate the advantages of its brazed plate heat exchangers.
On April 13, 2021, Dover Fueling Solutions (DFS) announced the launch of the OPW Petro Vend 300E (PV300E), the first EMV-compliant payment terminal for U.S. fleets. This terminal enhances security by shifting liability for payment fraud to fuel retailers, effective April 16, 2021. The PV300E supports EMV chip and magstripe cards, and includes contactless payment options like Tap-n-Pay and digital wallets. DFS aims to streamline operations for customers while mitigating chargeback risks, improving overall efficiency and security.
Dover (NYSE: DOV) will release its Q1 2021 earnings on April 20, 2021, at 6:00 AM CT. The company will host a conference call at 9:00 AM CT to discuss the results. Dover, a global manufacturer with annual revenues of approximately $7 billion, operates through five segments: Engineered Products, Fueling Solutions, Imaging & Identification, Pumps & Process Solutions, and Refrigeration & Food Equipment. Investors can join the call by dialing the provided numbers or via a live audio webcast on the company’s website.
Environmental Solutions Group (ESG), a division of Dover (NYSE: DOV), is partnering with the City of Columbus, Georgia, to enhance refuse collection systems. Columbus is transitioning to automated recycling collection with the introduction of eight new Durapack Python Automated Side Loaders aimed at improving efficiency and safety. This initiative is designed to increase recycling rates and reduce landfill waste, a process underway since May. Columbus currently services nearly 60,000 homes, and the new vehicles will streamline operations, allowing for safer collection methods.
Markem-Imaje, a subsidiary of Dover (NYSE: DOV), has introduced the eco-friendly black EB588 ink, aimed at enhancing coding processes for fast-moving consumer goods. The new ink, compatible with the 9450 coder, minimizes errors while promoting sustainability, generating up to 40% less greenhouse gases. Key benefits include reduced consumable use and minimized downtime due to easy cartridge replacement. This product enables manufacturers to improve their sustainability without incurring additional costs, providing significant advantages for safety and efficiency in packaging operations.
Dover (NYSE: DOV) has announced a strategic partnership with EdgePetrol Limited, acquiring a minority stake in the cloud-based software provider for the retail fueling industry. This collaboration aims to enhance Dover's software solutions in the global convenience retail sector. EdgePetrol, founded in 2015 and based in London, offers a Software-as-a-Service platform designed to optimize fuel station performance. The partnership aligns with Dover's growth strategy and opens opportunities in renewable energy and other retail sectors.
