Dover Fueling Solutions Launches ProGauge LR120 Radar to Enhance Accuracy and Visibility in Industrial Applications

Rhea-AI Summary

Dover Fueling Solutions (NYSE: DOV) launched the ProGauge LR120 Radar on Feb. 26, 2026, an automatic tank gauging (ATG) device for industrial applications across EMEA and Latin America.

The LR120 offers precise level measurement to 98.4 ft (30 m), 2mm accuracy, a narrow beam for obstructed tanks and wet wells, PVDF airtight enclosure, open-air approval, and hazardous-area compliance for dust environments.

Key Figures

52-week range: $143.04 – $237.54 Q4 2025 revenue: $2.10B Q4 2025 GAAP EPS: $2.01 +5 more

8 metrics

52-week range $143.04 – $237.54 Pre-news trading range for DOV shares

Q4 2025 revenue $2.10B Quarterly revenue; +9% with +5% organic growth

Q4 2025 GAAP EPS $2.01 EPS from continuing operations; +17%

2025 revenue $8.09B Full-year 2025 revenue; +4% with +2% organic growth

2025 adjusted EPS $9.61 Full-year 2025 adjusted EPS; +16%

2025 GAAP EPS $7.97 Full-year 2025 GAAP EPS; −21% mainly from prior-year gain comparison

2026 adjusted EPS guide $10.45–$10.65 Company guidance for 2026 adjusted EPS

LR120 measurement range 98.4 ft (30 meters) Maximum level measurement distance for LR120 Radar in industrial tanks

Market Reality Check

Price: $226.73 Vol: Volume 1,291,308 is below...

normal vol

$226.73 Last Close

Volume Volume 1,291,308 is below the 20-day average of 1,588,377 (relative volume 0.81). normal

Technical Price 226.73 is trading above the 200-day MA at 186.89 and about 4.55% below the 52-week high 237.54.

Peers on Argus

DOV is down 2% with key peers also lower: IR -2%, PNR -2.33%, GGG -1.26%, SYM -1...

DOV is down 2% with key peers also lower: IR -2%, PNR -2.33%, GGG -1.26%, SYM -1.46%, and XYL slightly down -0.16%, indicating a broader sector softness alongside the company-specific product launch.

Historical Context

5 past events · Latest: Feb 12 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 12	Dividend declaration	Neutral	+0.5%	Regular quarterly cash dividend of $0.52 per share was declared.
Feb 10	Conference appearance	Neutral	+1.6%	CEO scheduled to speak at Barclays Industrial Select Conference.
Jan 29	Earnings & guidance	Positive	-1.7%	Q4 and full-year 2025 results and 2026 EPS and revenue growth guidance.
Jan 28	Product launch	Positive	-1.7%	SWEP introduced an all-stainless brazed plate heat exchanger for electronics cooling.
Jan 27	Product launch	Positive	-0.6%	TWG launched Pullmaster 40 M/H winch targeting marine and industrial uses.

Pattern Detected

Recent product and portfolio announcements have often seen small negative price reactions, while routine items like dividends and conferences showed modest gains; the latest earnings update saw a mild pullback despite positive growth metrics.

Recent Company History

Over the past month, DOV has combined portfolio expansion with solid financial results. On Jan 27–28, TWG and SWEP, both under the DOV umbrella, launched new industrial products, with shares slipping modestly afterward. The Jan 29 Q4/FY 2025 report showed revenue of $2.10B for Q4 and $8.09B for 2025, plus strong EPS growth, yet the stock dipped. A regular $0.52 dividend declared on Feb 12 and a conference appearance notice on Feb 10 coincided with small gains, framing today’s DFS product launch within an ongoing pattern of incremental portfolio updates and steady capital returns.

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 February 24, 2026 allows Dover to offer unsecured debt securities from time to time under an existing indenture. Specific terms and amounts will be set in future 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 highlights Dover Fueling Solutions’ expansion of its ProGauge portfolio with the L...

Analysis

This announcement highlights Dover Fueling Solutions’ expansion of its ProGauge portfolio with the LR120 Radar, extending automatic tank gauging into demanding industrial environments with up to 98.4 ft range and 2mm accuracy. It builds on a recent stream of product launches across the DOV platform and follows solid 2025 financial results and 2026 EPS guidance. Investors may monitor how these innovations translate into segment revenue growth, while keeping an eye on capital structure moves under the new S-3ASR debt shelf and ongoing insider equity activity.

Key Terms

automatic tank gauging, atg, pvdf, hazardous area-compliant, +4 more

8 terms

automatic tank gauging technical

"latest automatic tank gauging (ATG) solution specifically designed for industrial"

Automatic tank gauging is a computerized system of sensors and software that continuously measures the amount, temperature and integrity of liquids stored in industrial tanks, like a smart fuel gauge that also watches for leaks and alarms. Investors care because accurate, real-time inventory and leak detection reduce waste and regulatory risk, improve cash-flow visibility, and help prevent costly shutdowns or fines that can affect a company’s profits and share value.

atg technical

"leading brands for ATG solutions in the industry"

Anti-thymocyte globulin (ATG) is a medicine made from antibodies that temporarily reduce the activity or number of a patient’s T cells, the white blood cells that drive many immune reactions. Investors should watch ATG because its clinical use, manufacturing complexity, and safety profile influence approval decisions, hospital demand, and liability risk—factors that can materially affect the sales outlook and regulatory value of companies developing or selling it.

pvdf technical

"Packaged in an airtight PVDF enclosure for years of reliable measurement"

PVDF is a durable, chemical‑resistant plastic (polyvinylidene fluoride) used as a coating, membrane, binder and component in products ranging from lithium‑ion batteries and filtration systems to chemical piping and sensors. Investors watch PVDF because its availability, cost and technological role can affect manufacturing expenses, product performance and growth prospects for companies in clean energy, semiconductors and industrial chemicals—like a specialty ingredient that influences the cost and quality of many products.

hazardous area-compliant technical

"approved for open air applications outside of tanks and is hazardous area-compliant"

Hazardous area-compliant describes equipment or systems certified safe for use in places where flammable gases, vapors or combustible dust could ignite, because they meet strict safety rules and testing. For investors this matters because compliance affects whether products can be sold into oil, chemical, mining or similar industries, changes manufacturing and certification costs, and reduces regulatory and liability risk—like buying a car with approved safety features before selling it to risky roads.

stock appreciation rights financial

"exercised stock appreciation rights covering 210,658 shares of common stock"

Stock appreciation rights (SARs) are a form of employee compensation that give the holder the right to receive the increase in a company's stock price over a set baseline, paid in cash or shares, without having to buy the stock. For investors, SARs matter because they can create future cash outflows or share dilution and signal how a company rewards and motivates executives — similar to giving a bonus tied directly to how well the company’s stock performs.

restricted stock units financial

"includes 34,358 unvested restricted stock units that convert into shares upon vesting"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

performance shares financial

"performance shares tied to total shareholder return for the three-year period"

Performance shares are a type of company stock given to executives or employees that only become theirs if the company meets specific goals, like hitting certain profits or growth targets. They motivate leaders to work toward the company’s success, because their additional shares depend on achieving these results.

indenture regulatory

"debt securities will be unsecured obligations issued under an indenture dated"

An indenture is a legal agreement between a company that borrows money by issuing bonds and the people who buy those bonds. It explains the rules the company must follow, like paying back the money and keeping certain financial promises. This document helps both sides understand their rights and responsibilities.

AI-generated analysis. Not financial advice.

DOWNERS GROVE, Ill., Feb. 26, 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^® LR120 Radar, DFS's latest automatic tank gauging (ATG) solution specifically designed for industrial applications.

The LR120 Radar, which is available across Europe, the Middle East, and Africa (EMEA), as well as South America and Latin America, offers an exceptionally accurate solution that seamlessly integrates with the ProGauge MagLink LX^® console family, providing operators with increased visibility.

Packaged in an airtight PVDF enclosure for years of reliable measurement service, the LR120 Radar delivers precise level measurement at ranges up to 98.4 ft (30 meters). Its long range, narrow beam makes it best suited for tanks, wet wells with obstructions, and solid level measurement. The LR120 Radar is also approved for open air applications outside of tanks and is hazardous area-compliant for use in explosive environments containing dust.

"The ProGauge portfolio has evolved into a one-stop-shop for fuel management and is considered to be one of the leading brands for ATG solutions in the industry," said Nuno Almeida, DFS Director, Product Management, EMEA. "By expanding our product portfolio to include accurate measurement for industrial applications, we are continuing to deliver truly global solutions that help provide operators with complete and accurate visibility into their stocks."

The LR120 Radar is compact and easy to install, and its 2mm accuracy near zero range distance yields optimum inventory management capability for a wide range of operators.

Stefano Scatena, DFS Senior Director and General Manager, ATG & WSM, added, "Wherever our customers are in the world, whatever their needs, and whatever their forecourt set-up, the ProGauge portfolio has a solution to suit. The new LR120 Radar reflects our ability to help operators monitor and measure any liquid or solid on a site."

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 LR120 Radar launched by Dover Fueling Solutions (DOV) on Feb. 26, 2026?

The LR120 Radar is an automatic tank gauging sensor for industrial applications with long-range measurement. According to the company, it measures up to 98.4 ft (30 m), offers 2mm accuracy near zero range, and fits ProGauge MagLink LX consoles.

Where will Dover Fueling Solutions (DOV) make the ProGauge LR120 Radar available in 2026?

The LR120 Radar will be available across several global regions for industrial operators. According to the company, initial availability covers EMEA, South America, and Latin America.

How accurate is the ProGauge LR120 Radar and what applications does it suit for DOV customers?

The LR120 delivers 2mm accuracy near zero range and a narrow beam for precise readings. According to the company, it suits tanks, wet wells with obstructions, solid level measurement, and open-air industrial applications.

Is the ProGauge LR120 Radar hazardous-area compliant as announced by Dover Fueling Solutions (DOV)?

Yes. The LR120 Radar is hazardous-area compliant for explosive dust environments, per the company. According to the company, the product is approved for use in dust-hazard zones and for open-air measurement outside tanks.

How does the ProGauge LR120 integrate with existing Dover Fueling Solutions systems (DOV)?

The LR120 integrates with the ProGauge MagLink LX console family to enhance visibility and inventory management. According to the company, the device provides seamless connectivity and compact, easy installation for forecourt setups.