OverviewSuggest Edit
Dover is a company providing equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services. It operates through 5 segments: Engineered Products, Fueling Solutions, Imaging and Identification, Pumps and Process Solutions, and Refrigeration and Food Equipment. The Engineered Products segment provides aftermarket vehicle services, solid waste handling, industrial automation, aerospace and defense, industrial winch and hoist, bearings, drives, electric monitoring, and fluid dispensing systems. The Fueling Solutions segment transports fuels and other hazardous fluids, as well as operates retail fueling and vehicle wash establishments. The Imaging and Identification segment provides precision marking and coding, product traceability, and digital textile printing equipment, as well as related consumables. The Pumps and Process Solutions segment manufactures specialty pumps, fluid handling components, plastics and polymer processing equipment, and highly engineered components for rotating and reciprocating machines. The Refrigeration and Food Equipment segment manufactures refrigeration systems, refrigeration display cases, commercial glass refrigerators and freezer doors, brazed heat exchangers for industrial heating and cooling, residential climate control applications, commercial foodservice equipment, and can-shaping machinery.
| Type | Public | |
| Founded | 1955 | |
| HQ | Downers Grove, IL, US | Map |
| Website | dovercorporation.com | |
| Employee Ratings | More | |
| Overall Culture | A | More |
Key People/Management at Dover
Richard J. Tobin
President & Chief Executive Officer, Director
Ivonne M. Cabrera
Senior Vice President, General Counsel & Secretary
Kimberly K. Bors
Senior Vice President, Human Resources
Brad M. Cerepak
Senior Vice President & Chief Financial Officer
Girish Juneja
Senior Vice President & Chief Digital Officer
David J. Malinas
Senior Vice President, Operations
Dover Office Locations
Dover has offices in Downers Grove, Paris, Teltow, Luxembourg and in 2 other locations
Downers Grove, IL, US (HQ)
3005 Highland Pkwy
Paris, FR
40 Avenue Hoche
Teltow, DE
Potsdamer Str. 14B
Luxembourg, LU
7 Avenue Gaston Diderich
Vernier, CH
Chemin de Blandonnet 2
Weymouth, GB
11 Albany Rd, Granby Industrial Estate
Dover Financials and Metrics
Dover Revenue
Dover's revenue was reported to be $6.68 b in FY, 2020
| USD | |
|---|---|
Revenue (Q1, 2021) | 1.9b |
Gross profit (Q1, 2021) | 721.5m |
Gross profit margin (Q1, 2021), % | 38.6% |
Net income (Q1, 2021) | 232.8m |
EBIT (Q1, 2021) | 312.6m |
Market capitalization (14-Sept-2021) | 24.0b |
Closing stock price (14-Sept-2021) | 167.0 |
Cash (31-Mar-2021) | 536.5m |
EV | 26.6b |
Dover's current market capitalization is $24 b.
Annual
Quarterly
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 1.9b | 1.8b | 1.7b | 1.7b | 1.8b | 1.8b | 1.7b | 1.5b | 1.7b | 1.9b |
Cost of goods sold | 1.2b | 1.1b | 1.1b | 1.1b | 1.1b | 1.2b | 1.0b | 947.6m | 1.1b | 1.1b |
Gross profit | 708.9m | 665.2m | 646.5m | 623.5m | 672.6m | 673.5m | 612.2m | 551.6m | 658.7m | 721.5m |
Gross profit Margin, % | 37% | 37% | 37% | 36% | 37% | 37% | 37% | 37% | 38% | 39% |
Annual
Quarterly
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash | 367.2m | 242.8m | 209.3m | 243.0m | 321.3m | 340.5m | 508.9m | 649.0m | 427.5m | 536.5m |
Accounts Receivable | 1.4b | 1.3b | 1.3b | 1.3b | 1.3b | 1.3b | 1.2b | 1.1b | 1.2b | 1.2b |
Prepaid Expenses | 196.9m | 159.6m | 162.0m | 141.9m | 163.9m | 159.7m | 122.9m | 121.9m | 135.5m | 137.5m |
Inventories | 972.9m | 764.1m | 804.0m | 828.3m | 849.3m | 816.6m | 852.1m | 886.0m | 838.5m | 900.6m |
Annual
Quarterly
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 131.4m | 271.4m | 428.7m | 428.7m | 303.8m | 509.8m | 176.3m | 301.0m | 501.3m | 232.8m |
Depreciation and Amortization | 98.0m | 137.9m | 206.0m | 206.0m | 135.5m | 202.3m | 68.8m | 136.4m | 205.8m | 73.8m |
Inventories | (73.1m) | (85.3m) | (130.4m) | (130.4m) | (93.6m) | (74.4m) | (61.9m) | (80.9m) | (19.4m) | (75.4m) |
Accounts Payable | 3.3m | 64.6m | 87.9m | 87.9m | (7.1m) | (3.9m) | (25.2m) | (72.0m) | (92.1m) | 63.8m |
| USD | FY, 2017 |
|---|---|
Revenue/Employee | 270.0k |
Debt/Equity | 0.8 x |
Debt/Assets | 0.3 x |
Financial Leverage | 2.4 x |
Dover Operating Metrics
Dover's Backlog was reported to be $1.6b in Q3, 2020.
| FY, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q4, 2017 | FY, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q4, 2018 | FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q4, 2019 | FY, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Bookings | $6.8 b | $2.03 b | $2.02 b | $1.94 b | $1.97 b | $7.96 b | $2.11 b | $1.89 b | $1.72 b | $1.85 b | $7.28 b | $1.78 b | $1.82 b | $1.81 b | $1.84 b | $7.25 b | $1.8 b | $1.4 b | $1.8 b |
Backlog | $1.08 b | $1.29 b | $1.33 b | $1.27 b | $1.23 b | $1.41 b | $1.38 b | $1.34 b | $1.35 b | $1.42 b | $1.41 b | $1.39 b | $1.39 b | $1.46 b | $1.6 b | $1.5 b | $1.6 b | ||
Bookings (Engineered Systems) | $2.37 b | $676.12 m | $649.51 m | $635.13 m | $681.1 m | $2.64 b | $719.57 m | $719.55 m | $661.97 m | $777.14 m | $2.91 b | $695.44 m | $661.58 m | $710.58 m | |||||
Backlog (Engineered Systems) | $351.7 m | $419.36 m | $417.24 m | $414.22 m | $440.22 m | $486.72 m | $509.54 m | $494.57 m | $560.57 m | $569.51 m | $534.96 m | $537.9 m |
Dover Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Solaris Laser S.A. | August 20, 2020 | $18.61 m |
| Em-tec GmbH | April 30, 2020 | $30.4 m |
| So. Cal. Soft-Pak, Incorporated | February 18, 2020 | $45.5 m |
| Sys-Tech Solutions, Inc. | January 24, 2020 | $161.83 m |
| All-Flo Pump Company, Limited business | May 07, 2019 | $39.95 m |
| Belanger, Inc. | January 25, 2019 | $175.35 m |
| Caldera | April 17, 2017 | €35 m |
| Wayne Fueling Systems Ltd. | June 09, 2016 | $780 m |
| Tokheim Group | January 07, 2016 | |
| Gala Industries, Incorporated | October 30, 2015 |
Dover Revenue Breakdown
Dover revenue breakdown by business segment: 18.8% from Pumps and Process Solutions, 15.2% from Imaging and Identification, 23.8% from Engineered Products, 22.7% from Fueling Solutions and 19.6% from Refrigeration & Food Equipment
Dover revenue breakdown by geographic segment: 22.0% from Europe, 8.8% from Other America, 12.1% from Asia, 53.3% from United States and 3.8% from Other
Dover Cybersecurity Score
Dover Online and Social Media Presence
908 Twitter followers
Dover has 908 Twitter Followers. The number of followers has increased 0.6% month over month and increased 3.9% quarter over quarter
Dover's Trends
Twitter Engagement Stats for @DoverCorp
463
Tweets
69
Following
908
Followers
7
Tweets last 30 days
0.7
Avg. likes per Tweet
71.4%
Tweets with engagement
Dover Company Culture
Overall Culture
A
77/100
CEO Rating
A+
80/100
Compensation
B
70/100
Dover News and Updates
August 02, 2018
Dover Increases Quarterly Dividend To $0.48 Per Share
DOWNERS GROVE, Ill., Aug. 2, 2018 /PRNewswire/ -- The Board of Directors of Dover (NYSE: DOV) today increased its quarterly cash dividend to $0.48 (forty-eight cents) per share, an increase of $.01 (one cent) or 2%. This is the 63rd consecutive year in which the Company has increased its...
April 27, 2018
Dover Corp 2018 Q1 - Results - Earnings Call Slides
Dover Frequently Asked Questions
When was Dover founded?
Dover was founded in 1955.
Who are Dover key executives?
Dover's key executives are Richard J. Tobin, Ivonne M. Cabrera and Kimberly K. Bors.
How many employees does Dover have?
Dover has 24,000 employees.
What is Dover revenue?
Latest Dover annual revenue is $6.7 b.
What is Dover revenue per employee?
Latest Dover revenue per employee is $278.5 k.
Who are Dover competitors?
Competitors of Dover include Fortive, Snap-on and PACCAR.
Where is Dover headquarters?
Dover headquarters is located at 3005 Highland Pkwy, Downers Grove.
Where are Dover offices?
Dover has offices in Downers Grove, Paris, Teltow, Luxembourg and in 2 other locations.
How many offices does Dover have?
Dover has 6 offices.
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