Dover Corp Stock Price, News & Analysis

Vehicle Service Group (VSG), a Dover (NYSE: DOV) subsidiary, announced a $5+ million investment in its Madison, Indiana facility to install an automated production line. The expansion aims to enhance manufacturing capabilities, create new jobs, and support growing North American demand for vehicle lifting and repair equipment.

The strategic investment aligns with VSG's global manufacturing optimization strategy, focusing on automation, new technologies, quality improvement, and workforce development. The project includes equipment installation, hiring, and team training, with production ramp-up scheduled for Q1 2026.

Dover's (NYSE: DOV) subsidiary Caldera has launched GrandRIP, a new subscription-based raster image processor package targeting small businesses in the visual communications, industrial printing, and packaging sectors. The software, built on Caldera's award-winning technology, offers essential features for professional print and cut workflows at a more accessible price point.

GrandRIP includes key features such as Adobe PDF Print Engine technology, spot color libraries, automatic spot color detection tools, and support for various print and cut peripherals. The package aims to simplify prepress, color management, finishing, and automation processes while delivering high-quality output and significant ROI for smaller businesses.

Dover Corporation (NYSE: DOV) has announced that its President and CEO, Richard J. Tobin, will be presenting at the 2025 Bank of America Securities Industrials, Transportation and Airlines Key Leaders Conference. The presentation is scheduled for Tuesday, May 13, 2025, at 8:45 am ET in New York City. Investors can access the live audio webcast through Dover's website, and a replay will remain available for 90 days following the presentation.

Dover Corporation (NYSE: DOV) has announced a definitive agreement to acquire SIKORA AG for €550 million in cash. SIKORA, a German company founded in 1973, specializes in precision measurement, inspection, and control solutions for various industries including wires, cables, and plastics. The acquisition will integrate SIKORA into Dover's MAAG operating unit within its Pumps & Process Solutions segment.

SIKORA generated approximately €100 million in revenue in 2024 and has maintained double-digit organic growth over the past three years. The company's growth is driven by increasing electrification demands, particularly in high-performance applications like data centers. The transaction is expected to close in Q2 2025, subject to regulatory approvals.

Dover Corporation (NYSE: DOV) has announced its regular quarterly cash dividend. The Board of Directors has declared a dividend of $0.515 per share, equivalent to fifty-one and one-half cents per share. This dividend will be paid on June 16, 2025, to shareholders who are recorded as stockholders as of May 30, 2025.

Dover (NYSE: DOV) reported Q1 2025 financial results with revenue of $1.9 billion, showing a 1% decrease but 1% organic growth compared to Q1 2024. While GAAP earnings from continuing operations decreased 60% to $239 million due to a prior-year gain from De-Sta-Co disposition, adjusted earnings increased 18% to $283 million.

The company demonstrated strong performance with adjusted diluted EPS of $2.05, up 19% year-over-year. Dover experienced favorable book-to-bill ratios across all segments, with particular strength in single-use biopharma components, thermal connectors, and CO2 systems. The company maintains a positive outlook, forecasting full-year 2025 revenue growth of 2-4% and adjusted EPS guidance of $9.20-$9.40.

SWEP, a Dover (NYSE: DOV) company and leading supplier of brazed plate heat exchangers, has launched CO2-reduced steel options for customers aiming to reduce their heating systems' carbon footprint.

The initiative sources materials from suppliers optimizing supply chains through renewable energy, streamlined production, and increased recycled steel content. The new steel maintains SWEP's quality and heat transfer performance standards.

Initially available in the European market for residential and commercial BPHE ranges, the offering includes ISO14067-verified CO2 calculations for specific products, enabling customers to measure their systems' total carbon footprint.

Dover (NYSE: DOV) has announced 31 recipients of its Dover Foundation Scholars Program for 2025, representing all five operating segments of the company. The scholarship program, now in its fourteenth year, provides up to $12,000 in financial support over four years of undergraduate studies to children of Dover's full-time employees worldwide.

Recipients include both high school seniors and current college students, selected by an independent panel based on academic performance, leadership, and extracurricular activities. The program has awarded a total of 464 scholarships to date, providing approximately $3.5 million in total financial support. Winners represent various Dover operating companies including CPC, Dover Food Retail, Dover Fueling Solutions, Dover Precision Components, MAAG, Markem-Imaje, and others, spanning multiple countries including the United States, China, India, France, and the United Kingdom.

Dover (NYSE: DOV) subsidiary Midland Manufacturing has launched its new Gauge Device Online Tool, designed for railcar manufacturers and repair shops. The tool enables users to manage gauge devices, which are important for loading railcars carrying high-value and hazardous liquids.

The platform streamlines the ordering and repair process through desktop or mobile devices, allowing users to order new gauge devices or facilitate repairs for existing units online. Key features include serial number lookup capabilities and the ability to modify specific-gravity markings on gauge rods when railcars transport different commodities.

The tool incorporates intuitive forms to guide users through the ordering process, enhancing efficiency and reducing error risks in time-sensitive operations.