Dover Corp - Company Profile
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Business Description
Dover Corp (Dover) is a provider of industrial products, which manufactures equipment and components, consumable supplies, aftermarket parts, specialty systems, software and digital solutions, and support services. The company operates through five reportable segments: Engineered Products; Clean Energy & Fueling; Imaging & Identification; Pumps & Process Solutions; and Climate & Sustainability Technologies. The company has manufacturing, warehouse, sales and service facilities in North America, Europe, Asia and other regions. In FY2022, the company’s capital expenditure stood at US$220.9 million, which grew 28.8% YoY.
R&D Overview
R&D activities focus on developing innovative products; upgrading and improving existing products to address customer needs, including demand for energy-efficient products designed to assist customers in meeting sustainability goals, expand revenue opportunities domestically and internationally; maintaining or extending competitive advantages; and improving product reliability and reducing production costs. In FY2022, Dover spent US$163.3 million on R&D, which accounted for 1.9% of the company’s revenue and grew 3.5% YoY.
Business Segments
- Clean Energy & Fueling
- Climate & Sustainability Technologies
- Engineered Products
- Imaging & Identification
- Pumps & Process Solutions
Overview
Provides components, equipment and software and service solutions, which enable safe transport of fuels and other hazardous fluids along the supply chain, and the safe and efficient operation of retail fueling and vehicle wash establishments. Key solutions supplied include payment systems, fuel dispensers, hardware and underground containment systems, asset tracking, vehicle wash systems, monitoring and operational optimization software and fueling solutions. Key brands include Dover Fueling Solutions and OPW. Operates in the US, Europe, Canada, China and Brazil. In FY2022, the segment's capital expenditure stood at US$33.5 million, which decreased 32.9% YoY.
Performance
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Overview
Provides equipment and systems. Serves customers in the commercial refrigeration and food equipment end markets. Refrigeration business manufactures refrigeration display cases, specialty glass, commercial glass refrigerator and freezer doors, refrigeration systems, and brazed plate heat exchangers used for industrial and climate control. Food Equipment business manufactures electrical distribution products and engineering services, kitchen ventilation systems, continuous motion wash systems, cook-chill production systems, commercial food service equipment, custom food storage and preparation products, conveyer systems and beverage can-making machinery. Key brands include Belvac, Dover Food Retail, Swep, and Unified brands. Operates in Europe, North America, and Asia. In FY2022, the segment's capital expenditure stood at US$41.4 million, which increased 20.7% YoY.
Performance
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Overview
Deliver industry-leading equipment, components, and software. Key products and services include power clamps, manual clamps, rotary and linear mechanical indexers, pick and place units, conveyors, glove ports, robotic grippers, manipulators, slides and end effectors, winches, bearings, hoists, drives, and electric monitoring systems. Also, supplies radio frequency, microwave filters, switches, benchtop soldering and fluid dispensing solutions. Key serving markets include aftermarket vehicle service, industrial automation, solid waste handling, aerospace and defense, industrial winch and hoist, and fluid dispensing market. Key brands include environmental solution group, Destaco, TWG, VSG, OKInternational and Microwave Products Group. Operates in the US, Europe and Asia. In FY2022, the segment's capital expenditure stood at US$39.8 million, which decreased 17.9% YoY.
Performance
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Overview
Supplier of precision marking and coding, product traceability and digital textile printing equipment, and related consumables, software, and services. Designs and manufactures equipment and consumables used for printing variable information on fast-moving consumer goods, capitalizing on expanding food and product safety and traceability requirements and growth in emerging markets. Operates in the US, Asia, and Europe. In FY2022, the segment's capital expenditure stood at US$14.7 million, which grew 37.4% YoY.
Performance
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Overview
Manufactures specialty pumps, plastics and polymer processing equipment, fluid handling components, and highly engineered components for rotating and reciprocating machines. Key serving markets include plastics and polymers processing, food/sanitary, petroleum refining, medical, biopharma, chemicals production, transportation, power generation and general industrial applications. Operates in the US, Mexico, Europe, and Asia. In FY2022, the segment's capital expenditure stood at US$82.8 million, which grew 85.7% YoY.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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Performance
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