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Stock Market & Financial Investment News

News Breaks
November 5, 2012
07:08 EDTDOVDover announces intention to divest certain non-core businesses
Dover announced that, consistent with its long-term focus on strengthening its portfolio, it intends to divest certain non-core businesses which serve the electronic assembly and test markets. The company will provide updates on the progress of these planned divestitures as appropriate. CEO Robert A. Livingston commented: "We plan to divest certain businesses outside our five key growth spaces, which will allow us to continue to focus on Energy, Refrigeration and Food Equipment, Communication Components, Product Identification, and Fluids. In addition, our acquisition pipeline remains robust, and we expect to close a couple of opportunities before year end. Taken together, these initiatives demonstrate the conviction we have in our strategy, the long-term prospects of our five growth spaces and our commitment to creating shareholder value."
News For DOV From The Last 14 Days
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July 30, 2014
17:57 EDTDOVDover acquires The WellMark Company from Platte River Equity
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17:25 EDTDOVDover acquires WellMark
Dover announced that its energy segment has acquired The WellMark Company headquartered in Oklahoma City, Oklahoma. WellMark is a leading manufacturer of valves, instrumentation and chemical injection pumps serving the oil and gas industry. The company also announced that WellMark will be merged with Norriseal, a long standing business within the Energy segment. WellMark expects to generate revenue of approximately $55M in 2014. Terms of the transaction were not disclosed.
July 17, 2014
07:09 EDTDOVDover raises FY14 EPS cont ops to $4.75-$4.85 from $4.60-$4.80, consensus $4.81
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07:09 EDTDOVDover reports Q2 bookings growth of 11%
07:09 EDTDOVDover reports Q2 EPS cont ops $1.29, consensus $1.28
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