New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
November 30, 2012
11:31 EDTDOVDover acquires Anthony International for $602.5M
Dover Corporation announced that it has acquired Anthony International, a manufacturer of specialty glass, commercial glass refrigerator and freezer doors, lighting systems, and display equipment for $602.5M, subject to normal closing adjustments. Anthony will join the Refrigeration and Industrial platform of Dover's Engineered Systems segment. Anthony's 2012 revenue is estimated to be approximately $310M. Dover expects this acquisition to be 2c dilutive to 2012 continuing earnings per share due to integration and acquisition related costs. In 2013, Anthony will be modestly accretive to continuing earnings per share, Dover said.
News For DOV From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
April 9, 2015
16:06 EDTDOVDover lowers FY15 EPS view to $4.20-$4.40 from $4.70-$4.95, consensus $4.68
Lowers FY15 revenue growth view to decline -4% to -6% versus a prior revenue forecast of +1% to -2%.This revised forecast includes organic revenue of -2% to -4%, a -4% impact from foreign currencies, and growth from completed acquisitions of 2%. The main factors driving this revision are weaker North American oil & gas markets, the exchange rate impact of foreign currencies and slower capital spending within Dover's core retail refrigeration end markets.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use