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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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April 24, 2015
16:01 EDTDOVRBC Bearings announces closing of Sargent Aerospace & Defense acquisition
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April 21, 2015
07:05 EDTDOVDover reports Q1 EPS 72c, consensus 71c
Reports Q1 revenue $1.72B, consensus $1.72B. The decrease in revenue was driven by an organic revenue decline of 6% and a 4% unfavorable impact from foreign exchange, offset in part by 5% growth from acquisitions. The company incurred $24M in restructuring charges in the quarter, primarily in Energy. These restructuring actions were in addition to $37M in charges incurred in the fourth quarter of 2014. Dover expects to pursue additional cost reduction actions as we move through the year.
07:05 EDTDOVDover backs FY15 adjusted EPS $4.20-$4.40, consensus $4.22
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April 20, 2015
15:37 EDTDOVNotable companies reporting before tomorrow's open
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