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March 5, 2014
08:36 EDTDOVDover announces new segment structure and management appointments
Dover has realigned its businesses into a new segment structure. The company also announced, effective immediately, the promotions of C. Anderson Fincher as CEO of the Engineered Systems and William Johnson as CEO of the Refrigeration & Food Equipment segments. The four segments are: Dover Energy, a segment with 2013 revenue of $1.9B led by Soma Somasundaram as CEO; Dover Engineered Systems, which had 2013 revenue of $2.5B, led by Andy Fincher, formerly EVP of Engineered Systems, as CEO; Dover Fluids, with 2013 revenue of $1.2B, led by William Spurgeon as CEO; and Dover Refrigeration & Food Equipment, with 2013 revenue of $1.9B, led by Bill Johnson as CEO. The realignment will be reflected in Dover's quarterly and full-year financial results.
News For DOV From The Last 14 Days
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May 22, 2015
09:57 EDTDOVOn The Fly: Analyst Upgrade Summary
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06:51 EDTDOVDover upgraded to Hold from Sell at Deutsche Bank
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May 19, 2015
12:58 EDTDOVDover seeks to expand core margin 30-50bps per year
Says looking to expand "core" margin 30-50bps per year through productivity. Says seeks to generate free cash flow in excess of 11% of revenue. Sees "broad" organic growth opportunities, including growing core business and continuing to expand geographical presence. Areas for acquisition growth include: Building on position in verticals, pump technologies, opportunities to expand in Fluid Transfer; verticals served in Printing; growing presence in Food Equipment; continuing to build Automation platform. Says recent restructuring actions expected to deliver benefits of around $75M in 2015, other actions delivered another $30M. Expects to continue to raise dividend, will continue to build businesses via acquisitions, says share repurchases remain important component of capital allocation. Comments from slides that will be presented at the Electrical Products Group Conference.
07:18 EDTDOVElectric Products Group to hold a conference
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