Dover Fueling Solutions Launches ProGauge DMP MagRF to Transform Wired Probes into Wireless Connectivity for Retail and Industrial Fueling Operations

Rhea-AI Summary

Dover Fueling Solutions (NYSE: DOV) launched the ProGauge DMP MagRF on March 25, 2026, a wireless module that converts ProGauge DMP and DMP Flex magnetostrictive probes from wired to wireless operation. The product targets retail and industrial fueling sites and supports global deployment across EMEA, APAC, Latin America, Australia and South America.

The MagRF aims to simplify installations where wiring is difficult, offers secure communications to tank gauge consoles, and uses a single battery with a 3–5 year expected life to lower total cost of ownership.

Key Figures

2025 Revenue: $8,093M Adj. earnings: $1,324M Adj. diluted EPS: $9.61 +5 more

8 metrics

2025 Revenue $8,093M Full-year 2025 per DEF 14A

Adj. earnings $1,324M 2025 earnings from continuing operations

Adj. diluted EPS $9.61 2025, up 16%

EPS growth 16% 2025 adjusted diluted EPS vs prior year

Capital expenditures $220.3M Investment in 2025 per proxy

Acquisitions $665M Completed during 2025

Share repurchases $541M Repurchases announced in 2025

Battery life 3–5 years Single battery in DMP MagRF device

Market Reality Check

Price: $215.16 Vol: Volume 867,380 is below t...

low vol

$215.16 Last Close

Volume Volume 867,380 is below the 20-day average of 1,250,725 (relative volume 0.69), suggesting a modest pre-news participation level. low

Technical Price at 215.58 is trading above the 200-day moving average of 190.05, indicating a pre-existing longer-term uptrend before this product launch.

Peers on Argus

DOV was up 1.55% ahead of this news. Key peers were also positive: IR +2.48%, XY...

DOV was up 1.55% ahead of this news. Key peers were also positive: IR +2.48%, XYL +1.61%, SYM +1.61%, GGG +1.36%, PNR +0.45%. However, the momentum scanner did not flag a coordinated sector move, suggesting this screening as company-specific rather than part of a stronger sector-wide rotation.

Historical Context

5 past events · Latest: Mar 18 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Mar 18	Regulatory certification	Positive	-0.3%	CARB EVR certification for 71SO segmented overfill prevention valve.
Mar 12	Earnings logistics	Neutral	+0.1%	Announcement of Q1 2026 earnings release date and conference call details.
Mar 10	Conference appearance	Neutral	+0.0%	CEO scheduled to present at 2026 J.P. Morgan Industrials Conference.
Mar 04	Product launch	Positive	-2.8%	Hillphoenix launches Flex Mini CO2 refrigeration system for food and industrial markets.
Feb 26	Product launch	Positive	-0.7%	Dover Fueling Solutions debuts ProGauge LR120 Radar ATG for industrial applications.

Pattern Detected

Recent product and certification announcements have often coincided with flat to negative next-day moves, indicating limited short-term price follow-through on operational news.

Recent Company History

Over the past month, DOV has issued several operational and product-focused updates. On Feb 26, Dover Fueling Solutions launched the ProGauge LR120 Radar, with a -0.72% next-day move. Hillphoenix’s Next Generation Flex Mini launch on Mar 4 saw a -2.82% reaction. An OPW valve CARB certification on Mar 18 coincided with a -0.35% move. In contrast, housekeeping items like the J.P. Morgan conference appearance and Q1 2026 earnings call scheduling produced very small, near-flat reactions. Today’s DMP MagRF launch fits this pattern of ongoing product innovation across segments.

Regulatory & Risk Context

Active S-3 Shelf

Shelf Active

Active S-3 Shelf Registration 2026-02-24

An automatic shelf registration on Form S-3ASR filed on 2026-02-24 allows DOV to offer unsecured debt securities from time to time. Terms and amounts will be set via prospectus supplements, with proceeds earmarked for general corporate purposes such as debt repayment, working capital, capital expenditures, investments, acquisitions, and security repurchases.

Market Pulse Summary

This announcement extends Dover Fueling Solutions’ ATG portfolio with the DMP MagRF, converting wire...

Analysis

This announcement extends Dover Fueling Solutions’ ATG portfolio with the DMP MagRF, converting wired probes to wireless while targeting a low total cost of ownership and a 3–5 year battery life. It follows other recent launches like the ProGauge LR120 Radar, underscoring steady product development across fueling and industrial monitoring. In the background, DOV delivered $8,093M of 2025 revenue and adjusted EPS of $9.61, and filed an automatic shelf registration on 2026-02-24 for unsecured debt, adding financial flexibility for future initiatives.

Key Terms

total cost of ownership (tco)

1 terms

total cost of ownership (tco) financial

"Using a single battery with a life expectancy of three to five years, the DMP MagRF delivers a low total cost of ownership (TCO)."

Total cost of ownership (TCO) is the full sum of all expenses associated with buying, operating, maintaining, and disposing of an asset or system over its useful life, not just the upfront purchase price. For investors, TCO reveals the real long-term cost and impact on profitability—like comparing not only the sticker price of a car but also fuel, insurance, repairs, and resale value—helping expose hidden expenses and better predict returns and risks.

AI-generated analysis. Not financial advice.

DOWNERS GROVE, Ill., March 25, 2026 /PRNewswire/ -- Dover Fueling Solutions ("DFS"), a part of Dover (NYSE: DOV) and a leading global provider of advanced customer-focused technologies, services and solutions in the fuel and convenience retail industries, today announced the launch of the ProGauge® DMP™ MagRF, delivering enhanced wireless connectivity for ProGauge® DMP™ Magnetostrictive probes and ProGauge® DMP Flex™ Magnetostrictive probes (formerly branded DFS DMP™).

Built on extensive ProGauge® expertise and field-proven technology, the DMP MagRF effortlessly transforms a wired probe into a wireless probe – providing operators with secure and reliable communications between the probe and tank gauge console, regardless of site orientation or size.

When required wiring infrastructure complicates installation, the DMP MagRF provides operators with an automatic tank gauge (ATG) solution that can be installed quickly and easily on site, while delivering robust and reliable performance.

The DMP MagRF, which is available in Europe, the Middle East, Africa, Asia Pacific, Australia, New Zealand, South America, and Latin America, provides operators with a high-quality and cost-effective solution to ensure secure and reliable communication between site equipment. Using a single battery with a life expectancy of three to five years, the DMP MagRF delivers a low total cost of ownership (TCO).

"Our teams have worked hard to develop and test this product to the highest standards," said Fergus Heading, DFS Director, Business Development ATG. "The launch of DMP MagRF enables us to provide retailers and operators with a cost-effective upgrade solution that converts wired probes into wireless connectivity with minimal site interruption."

The DMP MagRF is suitable for both retail and industrial applications when combined with the ProGauge DMP and DMP Flex probes, including fuel depots, fuel sites, airports, and water treatment plants.

Stefano Scatena, DFS Senior Director and General Manager, ATG & WSM, added, "By introducing DMP MagRF, we are continuing to advance our mission to be a leading global provider of customer-focused technologies, services, and solutions in the fuel and convenience retail sectors."

About Dover Fueling Solutions:

Dover Fueling Solutions^® (DFS) is part of Dover Corporation and a leading provider of advanced energy dispensing equipment, electronic automation, point-of-sale and payment systems, automatic tank gauging and subscription solutions to fueling and convenience retail customers worldwide. Comprised of brands Wayne®, Tokheim®, OPW®, ProGauge®, Fairbanks®, AvaLAN Networks™, LIQAL®, Bulloch Technologies®, and SiteIQ™, DFS is dedicated to offering a broad range of solutions that power vehicles, including conventional fuel and clean energy products that support gasoline, diesel, bio-diesel and ethanol as well as LNG, H2, LPG, CNG and EV chargers. Headquartered in Austin, TX, DFS has a strong global manufacturing and technology development presence, including facilities in Brazil, Canada, China, India, Italy, Poland, Belgium, the Netherlands, the United Kingdom and the United States. For more information about DFS, visit www.doverfuelingsolutions.com.

About Dover:

Dover is a diversified global manufacturer and solutions provider with annual revenue of over $8 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions and Climate & Sustainability Technologies. Dover combines global scale with operational agility to lead the markets we serve. Recognized for our entrepreneurial approach for over 70 years, our team of approximately 24,000 employees takes an ownership mindset, collaborating with customers to redefine what's possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under "DOV." Additional information is available at dovercorporation.com.

Dover Fueling Solutions Contact:
Amy Cearley
(512) 484-4259
amy.cearley@doverfs.com

Dover Media Contact:
Adrian Sakowicz, VP, Communications    
(630) 743-5039    
asakowicz@dovercorp.com     

Dover Investor Contact:
Jack Dickens, VP, Investor Relations
(630) 743-2566
jdickens@dovercorp.com

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SOURCE Dover

FAQ

What is the ProGauge DMP MagRF launched by Dover Fueling Solutions (DOV) on March 25, 2026?

The ProGauge DMP MagRF is a wireless module that converts wired ProGauge DMP probes to wireless operation. According to the company, it enables secure communications between probes and tank gauge consoles and simplifies installations where wiring is impractical.

Which regions is Dover's DMP MagRF available in for ProGauge DMP and DMP Flex probes?

DMP MagRF is available across Europe, Middle East, Africa, Asia Pacific, Australia, New Zealand, South America, and Latin America. According to the company, the launch targets global retail and industrial fueling operations and related sites.

How long does the battery last in the ProGauge DMP MagRF sold by Dover (DOV)?

The DMP MagRF uses a single battery with an expected life of three to five years. According to the company, this design lowers total cost of ownership by reducing maintenance frequency and replacement costs.

Which site types and industries are supported by Dover's ProGauge DMP MagRF solution?

The MagRF supports retail fuel sites, fuel depots, airports, and water treatment plants when paired with ProGauge DMP probes. According to the company, it is suitable for both retail and industrial automatic tank gauge applications.

What operational benefits does the DMP MagRF claim to provide Dover Fueling Solutions (DOV) customers?

DMP MagRF claims faster, simpler installations and robust, secure probe-to-console communications without complex wiring. According to the company, it offers cost-effective upgrades with minimal site interruption and reliable wireless performance.