Dover Corp Stock Price, News & Analysis

Dover's Markem-Imaje has unveiled the 9330 coder, an inkjet printer tailored for small to medium-sized enterprises (SMEs). Designed for high quality and cost-effectiveness, it features an IP55 rated stainless-steel cabinet, automatic print head cleaning, and Intelli'Swap maintenance for quick ink circuit changes. The 9330 boasts over 8,000 hours of uptime and reduced operating costs via a new hydraulic system. Unique to this model is a yellow micro-pigmented ink option, enhancing flexibility across various materials. The coder integrates seamlessly with the CoLOS® information management system.

Dover (NYSE: DOV) announced the launch of two new brazed plate heat exchangers (BPHEs) by its subsidiary SWEP: the B4T Ultra (U) Pressure and the V250AS. The B4T-U targets CO₂ applications in refrigeration, offering compact design and high pressure tolerance. The V250AS is designed for air-conditioning, with an operating range of 80kW to 250kW, ideal for medium to low-efficiency systems. These developments enhance SWEP's competitive position in the market, reinforcing their commitment to energy-efficient heat transfer solutions.

Dover's subsidiary, Pole/Zero, has secured a $24.2 million delivery order from the U.S. Navy, part of a larger $66 million IDIQ contract awarded in 2018. The order includes antenna interface units and support for the P-8A Poseidon aircraft used by the Navy and allied forces in New Zealand and the Republic of Korea. Manufacturing will occur at Pole/Zero's facility in West Chester, Ohio, with deliveries expected by March 2023. This contract reinforces Dover's position in defense contracts and enhances its revenue base.

Dover (NYSE: DOV) will release its third quarter 2020 earnings on October 20, 2020, at 6:00 a.m. CT. A conference call will follow at 8:00 a.m. CT to discuss the results. Investors can participate by calling 1 (866) 882-5865 (domestic) or 1 (678) 894-3017 (international) with reservation number 5076397. The earnings release marks an important event for the company, known for its $7 billion annual revenue across five segments including Engineered Products and Fueling Solutions.

Dover Precision Components, a division of Dover (NYSE: DOV), announced the activation of robotic tuggers at its Inpro/Seal facility in Rock Island, Illinois, on September 30, 2020. This initiative aims to enhance Lean manufacturing, improve product flow, and advance safety by automating material handling. The robotic systems will reduce work-in-progress and optimize production lead times. Dover's strategy focuses on continuous improvement and safety, with previous automation upgrades complementing this initiative to further enhance operational efficiency.

Dover Fueling Solutions (DFS) has launched the DMP Probe, a groundbreaking addition to its fuel management product line. This global solution is designed to enhance fuel management for retailers, utilizing magnetostrictive technology for precise liquid readings. Initial launch includes a wired model, with a wireless variant expected later. The DMP is compatible with various DFS systems and supports multiple fuel types, making it versatile for different markets. The product's successful rollout signals DFS's commitment to innovation in the fuel management sector.

Dover Food Retail, a segment of Dover (NYSE: DOV), has launched the Optimax 7 Series LED lighting to enhance refrigerated case merchandising in food retail operations. This new series focuses on improved uniformity, high-color rendering, and reduced energy usage. Key features include Low Power for walk-in applications and options for Standard and French Swing doors, available in two color temperatures. The launch reflects Dover's commitment to innovation and energy efficiency, aiming to increase cold-vault sales and product visibility for retailers.

Dover (NYSE: DOV) announced that its President and CEO, Richard J. Tobin, will present at the Morgan Stanley Virtual Laguna Conference on September 16, 2020, at 9:00 am ET. Interested parties can access a live audio webcast via dovercorporation.com, with a replay available for 90 days. Dover, a diversified global manufacturer, generates approximately $7 billion in annual revenue and operates in five segments, employing over 23,000 people worldwide.