Dover Corp Stock Price, News & Analysis

On January 17, 2023, Vehicle Service Group (VSG), part of Dover (NYSE: DOV), announced the launch of the AllOnWall Series, a new wheel aligner concept for Europe, the Middle East, and Africa (EMEA). This series features two innovative wheel aligners: the ROT3D2.0WALL by Rotary and the RAV3D2.0WALL by Ravaglioli.

These aligners are designed for ease of use with a wall-mounted console and a multi-touch 10" tablet for mobile operations. Incorporating VSG's advanced measuring technology, they offer high precision and efficiency in alignment tasks, reflecting the company's commitment to meet market demands and user preferences.

Dover (NYSE: DOV) will release its fourth quarter 2022 earnings on January 31, 2023, at 6:00 a.m. Central time. A conference call to discuss the results will follow at 8:00 a.m. Central time. Interested participants can join by dialing specified numbers or accessing a live audio webcast on dovercorporation.com. The replay of the call will be available until February 21, 2023. Dover, based in Downers Grove, Illinois, has an annual revenue exceeding $8 billion through various operating segments.

Metcal, a brand under Dover (NYSE: DOV), announced the launch of its MSA Series smoke absorbers, designed for efficient fume extraction during hand soldering. These compact workbench fans include the MSA-35L, a dual-position model, and the MSA-25U, a USB-powered unit. Both products aim to enhance operator safety by filtering harmful flux fumes and operate quietly while providing easy filter replacements. Metcal emphasizes these absorbers as essential for workspaces with limited room, furthering its commitment to innovation in benchtop solutions.

Pole/Zero, part of Microwave Products Group, has been awarded a $53.5 million contract from the US Department of Defense. The contract will enable the procurement of antenna interface units, communications trays, and other technical assemblies for the P-8A Poseidon communications suite, benefiting the US Navy and foreign military sales, including Australia. Work will be conducted in West Chester, Ohio, and is scheduled for completion by October 2028. This contract marks a significant development for Dover (NYSE: DOV) in the defense sector.

Dover has officially completed the acquisition of Witte Pumps & Technology GmbH, a German manufacturer of precision gear pumps, for an undisclosed amount. Witte, which is expected to generate approximately €40 million in revenue for 2022, will enhance Dover's Maag business unit within its Pumps & Process Solutions segment. This acquisition aims to broaden product offerings and improve geographic reach. Witte's established technology and a strong customer base will enable Dover to drive growth and cost efficiencies through integration.

Dover (NYSE: DOV) announced a strategic partnership between its Vehicle Service Group and TEXA, a leader in diagnostic tools for the vehicle repair industry. This collaboration aims to enhance Rotary's offerings in the automotive service sector by introducing a mobile Advanced Driver Assistance System (ADAS) solution and new fully automatic air conditioning (A/C) charging stations. The mobile ADAS solution will provide cost-efficient calibration services, while the A/C machines will facilitate quick refrigerant recovery and recycling.

Caldera, a part of Dover (NYSE: DOV), launched Version 16 of its raster image processor software, enhancing digital printing for users. The update features over 50 new Print & Cut drivers and improved licensing management through CalderaDock 2.0, streamlining the installation process. The software, compatible with macOS Ventura, utilizes Adobe PDF Print Engine 6, ensuring high-quality prints with advanced color management.

Caldera emphasizes efficiency for print operators, allowing for automation of processes within various printing environments.

Techcon, a part of Dover (NYSE: DOV), has launched the TS8200D Series Micro-Meter Mix Dispensing System, designed for precise dispensing of two-component adhesives like epoxies and polyurethanes. This system integrates updated M-Series Progressive Cavity Pumps and features software-controlled mix ratio configurations ranging from 1:1 to 10:1, ensuring accurate dispensing. Additional features include pressure sensors for monitoring pump performance, significantly minimizing the risk of cross-contamination.

This innovative solution targets industries such as electronics and automotive, enhancing operational efficiency.