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DOV / Dover Hit By Temporary Challenges, But Long-Term Investment Case Is Strong

Dover Hit By Temporary Challenges, But Long-Term Investment Case Is Strong
Dover's Q2 results were disappointing, with a 3% decline in organic revenue and misses relative to expectation on both the revenue and segment profit lines. Despite a revised guidance for the rest of the year, management's tone was positive, suggesting a softer landing for the economy and that the worst of the negative impact of destocking has already hit. The company has transformed under new management, outgrowing its peer group with 5% organic growth and improving EBITDA margins. It is also expected to deploy significant capital towards M&A in the coming years. Read More
Posted: Jul 27 2023, 09:39
Author Name: Seeking Alpha
Views: 110212

DOV News  

Dover (DOV) to Report Q3 Earnings: What's in the Offing?

By Zacks Investment Research
October 17, 2023

Dover (DOV) to Report Q3 Earnings: What's in the Offing?

Dover's (DOV) third-quarter results are expected to reflect the benefits of strong order trends across segments, backed by robust demand and margin im more_horizontal

Dover Corporation (DOV) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

By Zacks Investment Research
October 17, 2023

Dover Corporation (DOV) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Dover Corporation (DOV) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared wit more_horizontal

Dover (DOV) Inks $680M Contract to Sell DESTACO Business

By Zacks Investment Research
October 12, 2023

Dover (DOV) Inks $680M Contract to Sell DESTACO Business

Dover (DOV) to sell its DESTACO business to Stabilus to focus on core platforms. more_horizontal

Dover to sell its Destaco business unit to Stabilus for $680 million

By Market Watch
October 11, 2023

Dover to sell its Destaco business unit to Stabilus for $680 million

Dover has agreed to sell its automation, workholding and containment solutions company to Stabilus for an enterprise vale of $680.0 million. more_horizontal

Dover Corporation's Restless Desire For Growth

By Seeking Alpha
October 6, 2023

Dover Corporation's Restless Desire For Growth

Investing in larger-cap stocks may be a better strategy for retail value investors in uncertain economic and political times. Dover Corporation, a lar more_horizontal

Dover (DOV) to Boost Portfolio With FW Murphy Acquisition

By Zacks Investment Research
October 5, 2023

Dover (DOV) to Boost Portfolio With FW Murphy Acquisition

Dover (DOV) inks a deal to acquire FW Murphy to add a high-quality asset with an attractive financial profile to its portfolio. more_horizontal

These 5 Dividend Aristocrats are Quality Stocks for AI Investing

By MarketBeat
September 6, 2023

These 5 Dividend Aristocrats are Quality Stocks for AI Investing

AI investing is hot and not contained in the tech world. While names like NVIDIA NASDAQ: NVDA garner much attention, numerous blue-chip names are alre more_horizontal

Dover (DOV) Benefits From Healthy Backlog Amid Cost Woes

By Zacks Investment Research
September 1, 2023

Dover (DOV) Benefits From Healthy Backlog Amid Cost Woes

Dover (DOV) gains from healthy backlog levels and strategic initiatives despite cost and supply-chain headwinds. more_horizontal


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