Dover Corp Stock Price, News & Analysis

On April 13, 2021, Dover Fueling Solutions (DFS) announced the launch of the OPW Petro Vend 300E (PV300E), the first EMV-compliant payment terminal for U.S. fleets. This terminal enhances security by shifting liability for payment fraud to fuel retailers, effective April 16, 2021. The PV300E supports EMV chip and magstripe cards, and includes contactless payment options like Tap-n-Pay and digital wallets. DFS aims to streamline operations for customers while mitigating chargeback risks, improving overall efficiency and security.

Dover (NYSE: DOV) will release its Q1 2021 earnings on April 20, 2021, at 6:00 AM CT. The company will host a conference call at 9:00 AM CT to discuss the results. Dover, a global manufacturer with annual revenues of approximately $7 billion, operates through five segments: Engineered Products, Fueling Solutions, Imaging & Identification, Pumps & Process Solutions, and Refrigeration & Food Equipment. Investors can join the call by dialing the provided numbers or via a live audio webcast on the company’s website.

Environmental Solutions Group (ESG), a division of Dover (NYSE: DOV), is partnering with the City of Columbus, Georgia, to enhance refuse collection systems. Columbus is transitioning to automated recycling collection with the introduction of eight new Durapack Python Automated Side Loaders aimed at improving efficiency and safety. This initiative is designed to increase recycling rates and reduce landfill waste, a process underway since May. Columbus currently services nearly 60,000 homes, and the new vehicles will streamline operations, allowing for safer collection methods.

Markem-Imaje, a subsidiary of Dover (NYSE: DOV), has introduced the eco-friendly black EB588 ink, aimed at enhancing coding processes for fast-moving consumer goods. The new ink, compatible with the 9450 coder, minimizes errors while promoting sustainability, generating up to 40% less greenhouse gases. Key benefits include reduced consumable use and minimized downtime due to easy cartridge replacement. This product enables manufacturers to improve their sustainability without incurring additional costs, providing significant advantages for safety and efficiency in packaging operations.

Dover (NYSE: DOV) has announced a strategic partnership with EdgePetrol Limited, acquiring a minority stake in the cloud-based software provider for the retail fueling industry. This collaboration aims to enhance Dover's software solutions in the global convenience retail sector. EdgePetrol, founded in 2015 and based in London, offers a Software-as-a-Service platform designed to optimize fuel station performance. The partnership aligns with Dover's growth strategy and opens opportunities in renewable energy and other retail sectors.

Dover Fueling Solutions (DFS), a subsidiary of Dover (NYSE: DOV), has launched DX Promote™, a connected solutions platform that enhances the retail fueling experience. This technology displays targeted advertising and informational content at fueling stations, allowing retailers to promote their goods effectively. Powered by Microsoft Azure, DX Promote aims to increase in-store sales and profit margins while streamlining promotional content management. Senior Director Reggie O'Donoghue emphasizes its role in evolving consumer experiences, marking a significant technological advancement in fuel dispensers.

Dover (NYSE: DOV) announced a significant multiyear contract between its subsidiary SWEP and Kvitebjørn Varme AS to supply Energy Transfer Stations (ETS) for district heating in Tromsø, Norway. The agreement facilitates the delivery of 25-35 ETS units annually to support Kvitebjørn's goal of 96% renewable energy usage by 2023. SWEP will provide technical expertise alongside equipment delivery, having previously collaborated since 2017. This partnership underscores Dover's commitment to renewable energy solutions in heating.

Belvac, a part of Dover (NYSE: DOV), announced a significant investment to expand its container and engineering services. The introduction of a new two-piece can pilot line enhances production capabilities to meet rising global demand for beverage can-making equipment. Additionally, Belvac is increasing its manufacturing capacity by 40,000 sq ft in Bedford County, VA. The company plans to grow its workforce by 15% in 2021 to support expanded services. Belvac aims to produce specialty-shaped containers and test materials for innovative packaging solutions.

Dover (NYSE: DOV) announced that President and CEO Richard J. Tobin will participate in two virtual industry conferences in March 2021. The first is the J.P. Morgan Industrials Conference on March 16, 2021, at 10:30 a.m. ET, followed by the Bank of America Securities Global Industrials Conference on March 17, 2021, at 10:40 a.m. ET. Live audio webcasts will be accessible through dovercorporation.com, with replays available for 90 days. Dover is a diversified global manufacturer, generating approximately $7 billion in annual revenue.