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Stock Market & Financial Investment News

News Breaks
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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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.

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