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Dover Corporation - DOV STOCK NEWS

Welcome to our dedicated page for Dover Corporation news (Ticker: DOV), a resource for investors and traders seeking the latest updates and insights on Dover Corporation stock.

Dover Corporation (NYSE: DOV) is a diversified global manufacturer known for delivering innovative equipment and components, consumable supplies, aftermarket parts, software digital solutions, and support services. Headquartered in Downers Grove, Illinois, Dover operates through five key segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions, and Climate & Sustainability Technologies. With annual revenues exceeding $8 billion, Dover combines its global scale with operational agility to lead the markets it serves.

Dover's Engineered Products segment focuses on the creation of specialized equipment and components for a variety of industries including automotive, aerospace, and industrial machinery. The Clean Energy & Fueling segment addresses the growing demand for sustainable energy solutions through innovative products and services related to LPG, LNG, and hydrogen fueling.

The Imaging & Identification segment provides advanced marking and coding solutions for product identification and traceability. This segment includes Markem-Imaje, which recently launched a versatile new opaque white ink compatible with its extruded product coders.

Dover's Pumps & Process Solutions segment is renowned for its reliable pumps and flow control solutions, catering to sectors such as biopharma, food and beverage, and industrial markets. Climate & Sustainability Technologies includes refrigeration and food equipment businesses, highlighting Dover's commitment to sustainability.

Recent achievements include the launch of the RegO Presto-Link device and mobile app integration, which enhances the speed and accuracy of LPG container testing, and the introduction of new products by Vehicle Service Group (VSG) to cater to the EMEA region's automotive equipment market. Additionally, Dover announced a successful financial performance for the first quarter of 2024, with revenues reaching $2.1 billion, demonstrating steady growth and strong market presence.

Dover's entrepreneurial approach, cultivated over 65 years, and its team's ownership mindset foster collaboration with customers to redefine what's possible. The company is recognized for its market leadership and continuous innovation across its diverse business segments.

News

Dover Reports First Quarter 2024 Results

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Dover, a diversified global manufacturer, reported a 1% increase in revenue to $2.1 billion for the first quarter of 2024. GAAP net earnings surged 177% to $632 million, with diluted EPS up by the same percentage to $4.52. Adjusted net earnings were flat at $273 million, while adjusted diluted EPS increased by 1% to $1.95. The company's President and CEO highlighted strong order trends, organic growth platforms, and portfolio management activities. Dover projects full-year 2024 GAAP EPS of $10.78 to $10.93 and adjusted EPS of $9.00 to $9.15, supported by a revenue growth forecast of 2% to 4%.
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Vehicle Service Group Launches Two New Products to Further Expand EMEA Portfolio

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Vehicle Service Group, a part of Dover (NYSE: DOV), launched two new products in the EMEA region - the Kendo.Evo tire changer and A/C charging stations by Ravaglioli and Rotary. The Kendo.Evo offers innovative design features for vehicle service shops, while the A/C charging stations provide smart solutions for air conditioning system maintenance. These products aim to enhance business opportunities for service providers and demonstrate VSG's commitment to innovation.
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OPW Retail Fueling Adds VSE Vent Transition And GSE Grade-Level Transition Sump Models To Its E-Series Sump Product Portfolio

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OPW Retail Fueling, a part of Dover (NYSE: DOV), introduced two new models to its E-Series sump product line. The VSE Vent Transition Sump and GSE Grade-Level Transition Sump offer advanced composite technology manufacturing, customizable features, and compatibility with various applications. These additions aim to provide customers with versatile, high-quality containment solutions.
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RegO Introduces Innovative Device and App Update for LPG Tank and Regulator Testing

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RegO, a part of OPW and Dover (NYSE: DOV), has introduced the RegO Presto-Link™ device and RegO app integration, revolutionizing LPG tank and regulator testing. The Presto-Link and app aim to enhance speed, accuracy, and efficiency in leak testing processes for propane systems, ensuring safety and reducing human error. The integration with the Presto-Link Bluetooth device enables swift leak detection and pressure readings, eliminating manual recording and enhancing customer experience.
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Dover Announces Winners of the 2024 Scholarship Program

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Dover (NYSE: DOV) has announced the winners of its 2024 Scholarship Program, awarding scholarships to 30 students representing each of its five operating segments and nearly all of its Operating Companies. The program, now in its thirteenth year, has awarded 433 scholarships totaling approximately $3.2 million in financial support. Each recipient is eligible to receive up to $12,000 in scholarship support over four years of undergraduate studies.
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Markem-Imaje Unveils Multipurpose Ink for Clear Coding on Cable and Other Extruded Products

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Markem-Imaje, a part of Dover, introduces a versatile white ink for extruded products, ensuring durability and adhesion. The MW2160P ink is designed to meet the diverse needs of manufacturers working with materials like polyvinyl chloride, polyethylene, and rubber, offering exceptional print quality and longevity in industrial environments.
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Dover Announces First Quarter 2024 Earnings Release Date, Conference Call and Webcast

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Dover (DOV) is set to release its first quarter 2024 earnings on April 25, 2024, followed by a conference call to discuss the results. Investors can join the call or access the webcast for further details.
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Dover Completes Sale of DESTACO Business Unit

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Dover (DOV) successfully finalizes the sale of De-Sta-Co business to Stabilus SE.
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Em-tec Announces Release of SonoTT aQuila System

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Em-tec, a part of PSG and Dover (DOV), introduces the SonoTT aQuila System for non-invasive blood flow measurement in life-sustaining treatments. The system enhances safety and quality in various medical procedures, including ECMO and dialysis, by detecting complications early and facilitating easy access to patient data.
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Systech Launches Innovative Exception Handling and Rework Solution

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Systech, a part of Dover's Markem-Imaje, introduces a robust rework solution for pharmaceutical supply chain exceptions. The solution aims to minimize data misalignment, product delays, and risks by leveraging Systech's expertise. Key benefits include compliance with regulations, avoidance of supply chain delays, and enhanced efficiency.
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FAQ

What is the current stock price of Dover Corporation (DOV)?

The current stock price of Dover Corporation (DOV) is $190.33 as of December 24, 2024.

What is the market cap of Dover Corporation (DOV)?

The market cap of Dover Corporation (DOV) is approximately 26.1B.

What does Dover Corporation do?

Dover Corporation is a diversified global manufacturer that provides innovative equipment and components, consumable supplies, aftermarket parts, software digital solutions, and support services across various industries.

Where is Dover Corporation headquartered?

Dover Corporation is headquartered in Downers Grove, Illinois, USA.

What are the key segments of Dover Corporation?

Dover operates through five key segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions, and Climate & Sustainability Technologies.

How much annual revenue does Dover Corporation generate?

Dover Corporation generates annual revenues exceeding $8 billion.

What recent developments has Dover Corporation announced?

Recent developments include the launch of the RegO Presto-Link device and mobile app integration, and new automotive equipment products by Vehicle Service Group (VSG) for the EMEA market.

What is the stock symbol for Dover Corporation?

Dover Corporation trades on the New York Stock Exchange under the symbol 'DOV'.

How long has Dover Corporation been in operation?

Dover Corporation has been recognized for its entrepreneurial approach for over 65 years.

How can I find more information about Dover Corporation?

Additional information about Dover Corporation can be found on their official website: www.dovercorporation.com.

What is the RegO Presto-Link device?

The RegO Presto-Link device, recently launched by Dover, is designed to enhance the speed, accuracy, and efficiency of LPG container and regulator testing.

What are Dover Corporation's latest financial results?

For the first quarter of 2024, Dover reported revenues of $2.1 billion, showcasing a 1% increase compared to the prior year's period.

Stock DOV logo
Dover Corporation

NYSE:DOV

DOV Rankings

#445 Ranked by Market Cap
#1787 Ranked by Dividends

DOV Stock Data

26.11B
136.63M
0.43%
86.97%
0.82%
Specialty Industrial Machinery
Construction, Mining & Materials Handling Machinery & Equip
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United States of America
DOWNERS GROVE