Dover Corporation 2023 Company Overview (2024)

2023 Company Overview

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About Dover

Engineered Products

Clean Energy Fueling

Dover is a diversified global manufacturer and solutions provider with annual revenue of over $8 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions and Climate & Sustainability Technologies. Dover combines global scale with operational agility to lead the markets we serve. Recognized for our entrepreneurial approach for over 65 years, our team of over 25,000 employees takes an ownership mindset, collaborating with customers to redefine what’s possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under “DOV.” Additional information is available at dovercorporation.com.

Financial Highlights

$8.5
Billion
2022 Revenue

+5% Annualized Organic Growth
5 Years Ended 12/31/22(1)

$8.45 Adjusted
2022 EPS(1)

+15% Annualized Growth
5 Years
Ended 12/31/22(1)

$585
Million
2022 Free Cash Flow(1)

+11% Average FCF % of Revenue
3 Years Ended 12/31/22(1)

$2.01 Dividend Per
Share in 2022

67 Consecutive
Years Of
Dividend Growth

(1) Reconciliations and definitions of non-GAAP measures are available on the Investor Relations section of our website under Annual Reports.

View the 2022 Dover Annual Report

Delivering industry-leading equipment, components and software serving the vehicle aftermarket, waste handling, industrial automation and aerospace & defense end markets. Click to Read More

Dover Corporation 2023 Company Overview (13)

Dover Corporation 2023 Company Overview (14)The new RevAMP electric automated sideload body, by Heil Environmental, part of Environmental Solutions Group (ESG), is an innovative, lightweight electric refuse collection vehicle that helps reduce emissions while simultaneously improving performance and lowering the cost of refuse collection operations. Click here to see how ESG equipment enables the circular economy and the switch to cleaner fuels.

Dover Corporation 2023 Company Overview (15)

Dover Corporation 2023 Company Overview (16)The AllonWall series, a new wheel aligner concept under the Rotary and Ravaglioli brands, allows wheel alignment operations to be placed on a convenient wall-mounted panel and in the palm of a hand by using mobile tablets.

Dover Corporation 2023 Company Overview (17)

Dover Corporation 2023 Company Overview (18)Microwave Products Group (MPG), comprised of six elite brands: MPG Solutions, BSC Filters™, Dow-Key Microwave®, Espy™, K&L Microwave® and Pole/Zero®, is a leading global provider of mission-critical, engineered electronic components and subsystems with seven world-class business development and manufacturing locations. Our expertise is the design and manufacture of communications-based specialty products for demanding defense, space, aerospace, automated test equipment and GPS applications where function and reliability are crucial.

Dover Corporation 2023 Company Overview (19)

Dover Corporation 2023 Company Overview (20)TWGserves the infrastructure, energy, recovery, natural resource and marine markets, providing a range of essential parts and products across seven model lines: DP Winch, Gear Products, Greer, Pullmaster, LANTEC, Tulsa Winch and RUFNEK.

Dover Corporation 2023 Company Overview (21)

Dover Corporation 2023 Company Overview (22)With the growing use of collaborative and small payload robots in the industry, Destaco has developed a complete family of products that are ideal for robot work cells and applications where reliability and flexibility are desired. Destaco’s Small Payload Robot Solutions (SPR10) offers simple, yet easily-configurable products for material handling and machine tending. Destaco’s TC1 Series Manual Tool Changers allows for quickly switching between the different SPR10 products with its quick-release mechanism.

Dover Corporation 2023 Company Overview (23)

Dover Corporation 2023 Company Overview (24)The new TS8200D Micro-Meter Mix by Techcon, an OK International company, delivers unparalleled accuracy when measuring, mixing and dispensing two-component (2K) materials, thanks to dual progressive cavity (PC) pumps, ensuring manufacturers precise mix ratios between 1:1 and 10:1 with no risk of cross-contamination.

Dover Corporation 2023 Company Overview (25)

Dover Corporation 2023 Company Overview (26)CDS Mentor by CDS Visual is a highly effective, cloud-based and self-serve 3D work instruction solution for frontline workers using PCs and mobile devices with Mixed Reality.

Engineered Products Operating Companies

Dover Corporation 2023 Company Overview (27)

Transforming the customer journey with 3D visualization solutions, supporting 3D commerce, product design and employee training

Dover Corporation 2023 Company Overview (28)

Manufacturing work-holding and flexible-automation components, including clamps, grippers, indexers, slides, conveyers, robotic tooling and remote handling products

Dover Corporation 2023 Company Overview (29)

Innovating to produce solutions that process, transport and transform the solid waste stream into sustainable resources that benefit customers and communities

Dover Corporation 2023 Company Overview (30)

Providing mission-critical radio frequency and microwave filters, switches and subsystems for the defense, aerospace, telecommunications and space markets

Dover Corporation 2023 Company Overview (31)

Delivering market-leading quality and innovation for benchtop soldering and dispensing solutions in electronics and industrial product assembly

Dover Corporation 2023 Company Overview (32)

Engineering a wide range of industry-specific winches, hoists, slewing ring bearings, swing drives, electronic monitoring and object detection systems and more for key industrial markets

Dover Corporation 2023 Company Overview (33)

Developing the best in vehicle lifting, wheel service, ADAS calibration, diagnostic and collision repair equipment along with the world’s highest quality powertrain disconnect products

Providing a comprehensive portfolio of safety and efficiency solutions for the convenience retail, fueling and clean energy, cryogenic gas and vehicle wash markets. Click to Read More

Dover Corporation 2023 Company Overview (34)

Dover Corporation 2023 Company Overview (35)The Dover Fueling Solutions Anthem™ UX user experience platform on the Wayne Ovation® fuel dispenser is an immersive digital experience during the refueling process. Available from Dover Fueling Solutions (DFS) in the North American market, the Anthem UX platform is the first solution to give customers the ability to fine-tune their experience, driving customized, targeted promotional strategies right at the dispenser. Click here to see how DFS is focused on safety and the future of fueling.

Dover Corporation 2023 Company Overview (36)

Dover Corporation 2023 Company Overview (37)LIQAL’s LNG dispensers are designed for reliable performance against a low total cost of ownership in demanding daily use and high throughput applications. LIQAL provides advanced technology and real-time data insights to combine a cleaner future with the best fueling experience.

Dover Corporation 2023 Company Overview (38)

Dover Corporation 2023 Company Overview (39)With OPW’s CivaCommand and CivaConnect, tank truck fleet owners and dispatchers can digitally monitor and prevent overfills, as well as get real-time visibility and reporting for an entire fleet all on one dashboard.

Dover Corporation 2023 Company Overview (40)

Dover Corporation 2023 Company Overview (41)OPW Clean Energy Solutions provides mission-critical components that make possible the production, storage and distribution of cryogenic gases. Every product is thoroughly tested to ensure safety, reliability and durability. Click here to see how OPW Clean Energy Solutions leads fueling into a sustainable future.

Dover Corporation 2023 Company Overview (42)

Dover Corporation 2023 Company Overview (43)OPW Clean Energy Solutionshelps customers meet their sustainability goals with products that facilitate the storage and distribution of alternative fuels such as bio/renewable LPG, LNG and hydrogen, in addition to traditional LPG and LNG fuels that can help us reduce emissions.

Dover Corporation 2023 Company Overview (44)

Dover Corporation 2023 Company Overview (45)OPW Vehicle Wash Solutions designs and manufactures in-bay and tunnel washes, as well as payment terminals, process controls and software management solutions to help drive revenues for car wash operators, while keeping vehicles looking their best.

Clean Energy & Fueling Operating Companies

Dover Corporation 2023 Company Overview (46)

Advancing fueling and convenience retail operations worldwide through innovative dispensing technologies, point-of-sale (POS) systems, automatic tank gauging and wetstock management solutions

Dover Corporation 2023 Company Overview (47)

Defining what’s next in fluid handling and car wash innovations with technologies that protect people and the environment, while improving business performance for customers worldwide

Leading the design and manufacture of equipment, consumables and software, in addition to providing support services for the marking & coding, product traceability and authentication and digital textile printing markets. Click to Read More

Dover Corporation 2023 Company Overview (48)

Dover Corporation 2023 Company Overview (49)Markem-Imaje delivers innovative product identification, packaging intelligence and connected product solutions and services, empowering leading brands and consumers with the right information across the supply chain. Designed for high-speed beverage can lines and other high throughput applications, the Markem-Imaje SmartLase F500 reliably produces crisp, permanent codes with lower operating expenses. Click here to see how Markem-Imaje’s intelligent coding solutions enable sustainability and the circular economy.

Dover Corporation 2023 Company Overview (50)

Dover Corporation 2023 Company Overview (51)The JP4evo by MS Printing Solutions, in combination with JK Group’s DIGISTAR K-ONE dye-sub inks, leads the world of textile printing by using innovative digital technology to offer flexibility and versatility while quickly delivering high-quality prints.

Imaging & Identification Operating Companies

Dover Corporation 2023 Company Overview (52)

Building connected and safe supply chains through innovative marking and coding solutions seamlessly integrated with product identification and traceability software and services

Dover Corporation 2023 Company Overview (53)

Developing effective printing solutions through innovative software, inks and consumables, along with printing systems for the digital textile, soft signage and specialty materials markets

Supplying performance-critical components and solutions for the safe handling of fluids across the chemical, bioproduction, hygienic, energy and diversified industrial markets. Click to Read More

Dover Corporation 2023 Company Overview (54)

Dover Corporation 2023 Company Overview (55)AseptiQuik single-use connectors by CPC (Colder Products Company) provide quick and easy sterile connections even in non-sterile environments, a critical capability for biopharmaceutical and bioprocessing manufacturers.

Dover Corporation 2023 Company Overview (56)

Dover Corporation 2023 Company Overview (57)PSG manufactures innovative pumps, flow meters, flow controls, compressors and dispensing equipment used in critical fluid transfer applications found in multiple markets around the world, including the biopharma industry. PSG’s Quattroflow quaternary diaphragm pumps are used in various biologic-manufacturing applications such as this high-performance radial flow chromatography system.

Dover Corporation 2023 Company Overview (58)

Dover Corporation 2023 Company Overview (59)For over 45 years, the MAAG Group has been a leading manufacturer of precision die plates for underwater pelletizers. Our die plates are customized to meet the unique needs of each plastic processing application, and are engineered using advanced manufacturing technologies to deliver exceptional performance.

Dover Corporation 2023 Company Overview (60)

Dover Corporation 2023 Company Overview (61)Waukesha Bearings, part of Dover Precision Components (DPC), is a leading designer and manufacturer of hydrodynamic fluid film bearings, active magnetic bearing systems and seals for high-performing turbomachinery and rotating equipment in oil & gas, power generation, marine and industrial markets. Click here to see how DPC technology reduces methane leakage for oil and gas operators.

Pumps & Process Solutions Operating Companies

Dover Corporation 2023 Company Overview (62)

Providing connectors, quick disconnect couplings and fittings for life sciences, thermal management and industrial applications

Dover Corporation 2023 Company Overview (63)

Delivering performance-critical solutions for rotating and reciprocating machinery across the oil & gas, power generation, marine, industrial, chemical and general processing markets

Dover Corporation 2023 Company Overview (64)

Developing and manufacturing integrated and customizable systems in process technology for the polymer, chemical and petrochemical industries

Dover Corporation 2023 Company Overview (65)

Developing innovative pumping, metering, dispensing and flow measurement and control solutions that enable the safe and efficient transfer of critical and valuable fluids and materials that require optimal performance and peace-of-mind reliability in applications where it matters most

Developing and supplying innovative and energy-efficient equipment and systems serving the commercial refrigeration, heating & cooling and beverage packaging equipment markets. Click to Read More

Dover Corporation 2023 Company Overview (66)

Dover Corporation 2023 Company Overview (67)Hillphoenix, part of Dover Food Retail, offers full store solutions from retail display cases and merchandisers, to CO2 and alternative refrigeration systems to design center services. Click here to see how Hillphoenix provides natural refrigeration solutions to its customers.

Dover Corporation 2023 Company Overview (68)

Dover Corporation 2023 Company Overview (69)Advansor, part of Dover’s Climate & Sustainability Technologies segment, designs and produces sustainable CO2 climate solutions for commercial and industrial customers around the world. Click here to see how Advansor makes fossil-fuel free sustainable CO2 climate solutions combining cooling, freezing, air-conditioning and heating.

Dover Corporation 2023 Company Overview (70)

Dover Corporation 2023 Company Overview (71)Belvac supplies the global marketplace with the machinery and technology to produce environmentally responsible aluminum cans and bottles. For over 60 years, Belvac machinery has been utilized to produce aluminum beverage containers consumed around the world. Click here to see how Belvac enables sustainability and circularity in the aluminum beverage value chain.

Dover Corporation 2023 Company Overview (72)

Dover Corporation 2023 Company Overview (73)SWEP is a leader in developing innovative solutions for heat transfer, paving the way to efficient and sustainable energy use. In addition to supporting the worldwide trend toward electrification, SWEP is also enabling the transition to renewable energy sources. Click here to see how SWEP is working toward carbon neutral efficient heating and cooling solutions.

Climate & Sustainability Technologies Operating Companies

Dover Corporation 2023 Company Overview (74)

Developing innovative and sustainable solutions for aluminum container manufacturers around the world

Dover Corporation 2023 Company Overview (75)

Manufacturing commercial and industrial refrigeration systems, refrigerated display cases and specialty products along with glass and freezer doors and lighting systems

Dover Corporation 2023 Company Overview (76)

Designing and manufacturing brazed plate heat exchangers for HVAC, refrigeration and other industrial markets

© 2023 Dover Corporation

Dover Corporation 2023 Company Overview (2024)

FAQs

Dover Corporation 2023 Company Overview? ›

We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions and Climate & Sustainability Technologies.

What is the Dover Corporation business description? ›

Dover is a diversified global manufacturer that delivers innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions and support services.

What is the Dover Corporation annual report for 2023? ›

For the year ended December 31, 2023, Dover generated revenue of $8.4 billion, a decrease of 1% (-1% organic). GAAP net earnings of $1.1 billion decreased 1%, and GAAP diluted EPS of $7.52 was up 1%. On an adjusted basis, net earnings of $1.2 billion increased 2%, and adjusted diluted EPS of $8.80 was up 4%.

What is Dover's annual revenue? ›

ABOUT DOVER:

Dover is a diversified global manufacturer and solutions provider with annual revenue of over $8 billion.

Is Dover Corporation a fortune 500 company? ›

Dover is a constituent of the S&P 500 index and trades on the New York Stock Exchange under "DOV." Dover was ranked 445 in the 2023 Fortune 500. The company relocated its headquarters to Illinois from New York in mid-2010.

Is Dover a good company? ›

Dover India has an employee rating of 3.9 out of 5 stars, based on 181 company reviews on Glassdoor which indicates that most employees have a good working experience there.

Who are Dover Corporation competitors? ›

Dover Corporation competitors include Gardner Denver, Eaton, Cameron, Hubbell and ITW.

What is the annual revenue of Dover fueling solutions? ›

Dover® is a diversified global manufacturer and solutions provider with annual revenue of approximately $8 billion.

What is the company year end report? ›

A year end report, also called an annual report or end of year report, details an organization's activities throughout the preceding year. The report typically communicates overall company performance, financial information, and other key performance indicators (KPIs).

How many employees does Dover Corp have? ›

About Dover

Recognized for our entrepreneurial approach for over 65 years, our team of over 25,000 employees takes an ownership mindset, collaborating with customers to redefine what's possible.

What are the segments of Dover company? ›

We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions and Climate & Sustainability Technologies.

What is the net worth of Dover Corporation? ›

Dover has a market cap or net worth of $25.12 billion as of June 18, 2024. Its market cap has increased by 25.55% in one year.

Who is the CEO of Dover Corporation? ›

DOWNERS GROVE, Ill. , Feb. 9, 2024 /PRNewswire/ -- Dover (NYSE: DOV) today announced that its Board of Directors has appointed President and Chief Executive Officer Richard J. Tobin to the additional role of Chairman of the Board.

How often does Dover pay dividends? ›

Dover Corporation ( DOV ) pays dividends on a quarterly basis.

What does Dover sell? ›

We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions and Climate & Sustainability Technologies.

How does Dover make money? ›

Delivering industry-leading equipment, components and software serving the vehicle aftermarket, waste handling, industrial automation and aerospace & defense end markets.

Is Dover Corporation a product based company? ›

Dover is a diversified global manufacturer with annual revenues of approximately $7 billion. We deliver innovative equipment and components, specialty systems and support services through four major operating segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment.

What does Dover fueling solutions do? ›

Dover Fueling Solutions (DFS) is dedicated to offering a broad range of solutions that power vehicles, including conventional fuel and clean energy products that support gasoline, diesel, bio-diesel and ethanol as well as LNG, H2, LPG, CNG and EV chargers.

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