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Dover Corp (DOV)

DOV on New York Consolidated

69.58USD
23 Sep 2016
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Latest Key Developments (Source: Significant Developments)

Dover enters into a unsecured term loan facility - SEC filing
Tuesday, 20 Sep 2016 04:22pm EDT 

Dover Corp : Says entered into a $500 million unsecured term loan facility with a syndicate of thirteen banks - SEC filing .Term loan agreement is intended to be used to fund a portion of funds required for company's acquisition of Wayne Fueling Systems, Ltd.  Full Article

Dover Corp says increased quarterly cash dividend to $0.44/shr
Friday, 5 Aug 2016 04:02pm EDT 

Dover corporation : Dover increases dividend by 5% .Dover corp says increased its quarterly cash dividend to $0.44 per share.  Full Article

Dover sees FY revenue down about 3 to 5 percent
Thursday, 21 Jul 2016 06:57am EDT 

Dover Corp : Dover Corp says expects full year organic revenue to decline 6% to 8% . Dover Corp says in refrigeration & food equipment, anticipate certain large can shaping equipment orders and shipments will slip into 2017 . "slightly reducing full year expectations for refrigeration & food equipment and fluids to account for project timing and continued headwinds" . Included in FY forecast are full year restructuring costs of $0.18, gain on a disposition of $0.07 and $0.04 of discrete tax benefits . Dover reports second quarter 2016 results and updates full year guidance . Q2 earnings per share $0.76 from continuing operations . Q2 revenue $1.7 billion versus I/B/E/S view $1.71 billion . Q2 earnings per share view $0.85 -- Thomson Reuters I/B/E/S . Sees FY 2016 earnings per share $3.35 to $3.45 from continuing operations . Sees FY revenue down about 3 to 5 percent . Believe Q2 will mark low point of 2016 performance in energy segment . Slightly reducing FY expectations for refrigeration & food equipment and fluids to account for project timing and continued headwinds . "Q2 results, excluding deal costs and certain one-time items, were generally in-line with our expectations, but disappointing nonetheless" . FY 2016 earnings per share view $3.47, revenue view $6.83 billion -- Thomson Reuters I/B/E/S.  Full Article

Dover entered into definitive agreement to acquire Wayne Fueling Systems Ltd
Thursday, 9 Jun 2016 08:30am EDT 

Dover Corp : Upon close of transaction, Dover's annualized retail fueling revenue will be $1.4 billion . Transaction is anticipated to be modestly accretive to continuing earnings per share in 2017 . Expects deal to be dilutive to continuing EPS in 2016 . Entered into a definitive agreement under which company will acquire Wayne Fueling Systems Ltd . Deal for $780 million in cash .Transaction is expected to be funded with a combination of cash on hand and incremental debt.  Full Article

Dover sets regular quarterly cash dividend of $0.42/shr
Thursday, 5 May 2016 04:06am EDT 

Dover Corp:Sets regular quarterly cash dividend of $0.42 per share.  Full Article

Dover Corp lowers FY 2016 guidance
Thursday, 21 Apr 2016 06:55am EDT 

Dover Corp;:Expects FY 2016 revenue to decline 2% to 5%, a three point reduction from its previous forecast.Says within this forecast, organic revenue is anticipated to decline 5% to 8%, four points below our prior expectations.Says FY 2016 EPS is expected to be in the range of $3.51 to $3.66, as compared to the prior forecast of $3.85 to $4.05.Says this updated range includes about $0.18 of restructuring charges, and also includes $0.05 of discrete tax benefits and a $0.07 gain on a disposition.  Full Article

Dover declares regular quarterly cash dividend
Thursday, 11 Feb 2016 04:06pm EST 

Dover Corp:Declared a regular quarterly cash dividend of $0.42 (forty-two cents) per share, payable on March 15, 2016 to shareholders of record as of February 29, 2016.  Full Article

Dover Corp reaffirms FY 2016 EPS guidance; lowers FY 2016 revenue guidance
Tuesday, 26 Jan 2016 06:55am EST 

Dover Corp:Says that it is reaffirming FY 2016 EPS to be in the range of $3.85 to $4.05.Says that in total, the company's FY 2016 revenue growth, on an adjusted basis, is now anticipated to be in the range of 1% to 4%, comprising an organic revenue decline of (4%) to (1%), one point below prior forecast.  Full Article

Dover revises FY 2015 outlook and initiates FY 2016 guidance
Tuesday, 15 Dec 2015 04:16pm EST 

Dover:Revises FY 2015 diluted earnings per share guidance to be approximately $3.62, inclusive of acquisition-related costs and incremental restructuring totaling approximately $0.07.Expects FY 2015 EPS from continuing operations to be approximately $3.62 versus the prior forecast range of $3.73 to $3.80, driven by weaker market conditions, and the impact of completed acquisitions and incremental restructuring.This FY 2015 revised forecast includes an expected $0.03 impact from recently completed acquisitions, including purchase accounting and deal-related costs, and also includes an estimated $0.04 impact from incremental restructuring, above Co's prior estimate.Dover is initiating guidance of $3.85 to $4.05 for FY 2016 EPS from continuing operations.This FY 2016 EPS guidance is based on expected full-year revenue growth in the range of 2% to 5%, comprised of an organic revenue decline of (3%) to 0%, acquisition growth of 7% and a 2% impact from currency.  Full Article

Dover declares regular quarterly cash dividend
Thursday, 5 Nov 2015 04:16pm EST 

Dover Corp:Declared a regular quarterly cash dividend of $0.42 per share.Payable on December 15, 2015 to shareholders of record as of November 30, 2015.  Full Article

BRIEF-Dover enters into a unsecured term loan facility - SEC filing

* Says entered into a $500 million unsecured term loan facility with a syndicate of thirteen banks - SEC filing