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Dover Corp (DOV.N)

DOV.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Dover Corp Says 63 Pct Of Savings Under Rightsizing Plan, Will Come From Job Cuts
Tuesday, 11 Sep 2018 08:05am EDT 

Sept 11 (Reuters) - Dover Corp ::DOVER CORP - UNDER THE RIGHTSIZING PLAN, 63 PERCENT SAVINGS WILL COME FROM REDUCTION IN HEADCOUNT.DOVER CORP - EXPECTS TO COMPLETE $1 BILLION BUYBACK PROGRAM BY THE END OF 2018.DOVER CORP - EXPECTS $100 MILLION NET SG&A RIGHTSIZING INITIATIVES TO POSITIVELY IMPACT 2019 ADJUSTED EPS BY $0.53/SHARE.DOVER - EXPECTS $0.11/SHARE POSITIVE IMPACT ON 2019 ADJUSTED EPS FROM MARGIN IMPROVEMENT IN RETAIL FUELING BUSINESS.  Full Article

Dover Announces Rightsizing Plan
Tuesday, 11 Sep 2018 06:50am EDT 

Sept 11 (Reuters) - Dover Corp ::DOVER ANNOUNCES RIGHTSIZING PLAN.DOVER CORP - EXPECTS TO DELIVER $100 MILLION OF PRE-TAX EARNINGS BY YEAR-END 2019.DOVER - PLAN IS PRIMARILY COMPRISED OF BROAD-BASED SG&A REDUCTION INITIATIVES WHICH WILL POSITION COMPANY FOR MEANINGFUL OPERATING MARGIN EXPANSION.DOVER CORP - ONE-TIME PRE-TAX COSTS TO IMPLEMENT PROGRAM ARE ESTIMATED TO BE $40 MILLION.DOVER CORP - EXPECTS PROGRAM TO DELIVER $130 MILLION OF ANNUALIZED PRE-TAX EARNINGS BY YEAR-END 2019.DOVER CORP - ABOUT $30 MILLION OF COSTS TO BE RECORDED IN SECOND HALF OF 2018.DOVER CORP - REMAINING $10 MILLION OF COSTS TO BE RECORDED IN FIRST HALF OF 2019.DOVER CORP - THE PROGRAM WILL NOT AFFECT CO'S RESEARCH AND DEVELOPMENT ACTIVITIES.  Full Article

Dover Appoints Richard Tobin as CEO
Tuesday, 20 Mar 2018 10:23am EDT 

March 20 (Reuters) - Dover Corp ::REG-DOVER CORPORATION: DOVER APPOINTS RICHARD J. TOBIN PRESIDENT AND CEO.‍CEO ROBERT LIVINGSTON WILL RETIRE ON APRIL 30.  Full Article

Dover Corp Sees 2018 Organic Revenue Up 5-7 Pct
Tuesday, 30 Jan 2018 07:07am EST 

Jan 30 (Reuters) - Dover Corp ::SEES CAPITAL EXPENDITURES IN 2018 TO BE ABOUT 2.4 PERCENT OF REVENUE - PRESENTATION SLIDES‍​.DOVER SAYS SEES FY 2018 TOTAL ORGANIC REVENUE UP 5 PERCENT TO 7 PERCENT.DOVER SAYS SEES FY 2018 TOTAL REVENUE UP BETWEEN 3 PERCENT TO 5 PERCENT.FY2018 REVENUE VIEW $8.13 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Dover Acquires Ettlinger
Tuesday, 9 Jan 2018 10:36am EST 

Jan 9 (Reuters) - Dover Corp ::DOVER ACQUIRES ETTLINGER.TERMS OF TRANSACTION WERE NOT DISCLOSED​.ETTLINGER WILL BECOME PART OF MAAG BUSINESS UNIT WITHIN DOVER'S FLUIDS SEGMENT.  Full Article

Reg-Dover Corp Dover Announces Plan To Spin Off Wellsite Business Into Public Company
Thursday, 7 Dec 2017 04:05pm EST 

Dec 7 (Reuters) - Dover Corp ::REG-DOVER CORPORATION: DOVER ANNOUNCES PLAN TO SPIN OFF WELLSITE BUSINESS INTO INDUSTRY-LEADING PUBLIC COMPANY.DOVER CORP - EXPECTS WELLSITE SPIN-OFF WILL BE COMPLETED NO LATER THAN Q2 OF 2018.DOVER CORP - ANTICIPATES SHARE REPURCHASES IN 2018 OF $1 BILLION, INCLUDING USE OF CASH FROM WELLSITE DIVIDEND.DOVER CORP - NAMES SIVASANKARAN SOMASUNDARAM PRESIDENT AND CHIEF EXECUTIVE OFFICER OF WELLSITE BUSINESS.DOVER CORP - EXPANDS DOVER RIGHTSIZING INITIATIVES, WHICH ARE NOW ESTIMATED TO DELIVER $50 MILLION IN SAVINGS IN 2018.DOVER - PLANS TO SPIN OFF ITS UPSTREAM ENERGY BUSINESSES WITHIN DOVER ENERGY SEGMENT INTO PUBLICLY-TRADED CO.DOVER - PLAN TO PURSUE A TAX-FREE SPIN-OFF OF WELLSITE CONCLUDES DOVER'S STRATEGIC ALTERNATIVES REVIEW OF WELLSITE ANNOUNCED ON SEPTEMBER 12, 2017.DOVER CORP - AS PART OF SPIN-OFF TRANSACTION, WELLSITE IS EXPECTED TO RAISE $700 TO $800 MILLION OF NEW DEBT.DOVER CORP - PROCEEDS FROM $800 MILLION IN NEW DEBT WILL BE PAID TO DOVER IN FORM OF A DIVIDEND.DOVER - ANTICIPATES SPIN-OFF WILL BE IN FORM OF DISTRIBUTION OF 100 PERCENT OF STOCK OF WELLSITE, WHICH WILL BE TAX-FREE TO DOVER.DOVER CORP - EXPECTS CHARGES RELATED TO ITS RIGHTSIZING INITIATIVES AND OTHER COSTS TO BE IN RANGE OF $60 MILLION TO $65 MILLION.  Full Article

LKQ Corporation to acquire aftermarket business of Warn Industries Inc
Monday, 23 Oct 2017 05:15pm EDT 

Oct 23 (Reuters) - LKQ Corp ::LKQ Corporation to acquire aftermarket business of Warn Industries Inc.LKQ Corp - ‍co's specialty segment, Keystone Automotive Operations Inc, agreed to acquire aftermarket business of Warn Industries Inc​.  Full Article

Dover reports Q3 adjusted EPS of $1.16
Thursday, 19 Oct 2017 06:45am EDT 

Oct 19 (Reuters) - Dover Corp ::Dover reports third quarter 2017 results and reaffirms full year EPS guidance.Reports Q3 2017 revenue $2.0 billion.Reports Q3 2017 revenue up 17 percent.Q3 adjusted earnings per share $1.16 excluding items.Q3 earnings per share $1.14.Q3 earnings per share view $1.12 -- Thomson Reuters I/B/E/S.Sees FY revenue up 14 to 15 percent.Reaffirms FY 2017 earnings per share view $4.23 to $4.33 excluding items.Q3 revenue $2.0 billion versus I/B/E/S view $1.99 billion.‍Confirms wellsite separation remains on track​.‍Full year guidance for 2017 does not include anticipated Q4 gain for warn sale or any Q4 costs related to wellsite separation​.FY2017 earnings per share view $4.29, revenue view $7.81 billion -- Thomson Reuters I/B/E/S.  Full Article

Dover Corp sees FY 2017 total dover energy revenue $1.41 billion
Tuesday, 12 Sep 2017 07:21am EDT 

Sept 12 (Reuters) - Dover Corp ::Dover Corp sees fy 2017 total dover energy revenue $1.41 billion, earnings $198 million, adjusted earnings $201 million.  Full Article

Dover Corp exploring strategic alternatives for the separation of its upstream energy businesses
Tuesday, 12 Sep 2017 06:45am EDT 

Sept 12 (Reuters) - Dover Corp ::Dover Corporation: Dover exploring strategic alternatives for the separation of its upstream energy businesses.Dover Corp - ‍is considering options which may include a tax-free spin-off, sale or other strategic combination​.Dover Corp - ‍dover expects to complete its assessment of strategic separation alternatives by end of year​.Dover - ‍to assist company in evaluating alternatives for wellsite business, Dover has retained Lazard And Centerview Partners as financial advisors​.Dover Corp - ‍exploring strategic alternatives for separation of upstream energy businesses within energy segment, collectively, "wellsite" business​.Dover Corp - ‍bearings & compression and Tulsa Winch Group businesses, which are also reported within energy segment, are not part of strategic review​.  Full Article

BRIEF-Dover Says Dover Shareholders Distributed One Share Of Apergy Common Stock For Every Two Shares Of Dover Common Stock They Held As Of Record Date

* DOVER CORP - DOVER SHAREHOLDERS DISTRIBUTED ONE SHARE OF APERGY CORP COMMON STOCK FOR EVERY TWO SHARES OF DOVER COMMON STOCK THEY HELD AS OF RECORD DATE