Dover Corporation is a diversified global manufacturer and solutions provider. The company delivers innovative equipment and components, consumable supplies, aftermarket parts, software, and digital solutions through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions, and Climate & Sustainability Technologies. Dover's core business model focuses on providing differentiated products and services in niche industrial markets. The company is headquartered in Downers Grove, Illinois, and operates globally.

• Employees: Over 25,000 worldwide (as of December 31, 2023)
• Geographic Footprint: Operates globally with a significant presence in North America, Europe, Asia, and South America
• Headquarters: Downers Grove, Illinois
• Founded: 1947
• Number of locations/facilities: Not explicitly stated, but operates numerous manufacturing, warehouse, and sales/service facilities
• Revenue: $8.4 billion (FY2023)
• Market Capitalization: $20.6 billion (as of June 30, 2023, based on non-affiliate holdings)
• Key Subsidiaries/Brands: Not explicitly listed, but the company operates through five reportable segments

• CEO: Richard J. Tobin
• CFO: Brad M. Cerepak
• Board Chair: Michael F. Johnston
• Other Key Executives:
  • Kimberly K. Bors (Senior Vice President and Chief Human Resources Officer)
  • Ivonne M. Cabrera (Senior Vice President, General Counsel and Secretary)
  • Girish Juneja (Senior Vice President and Chief Digital Officer)
  • James M. Moran (Vice President, Treasurer)
  • Ryan W. Paulson (Vice President and Controller)

Richard J. Tobin has served as President and CEO since May 2018. Brad M. Cerepak has served as Senior Vice President and CFO since May 2011.

• Annual Revenue: $8.4 billion (FY2023)
• Net Income: $1.1 billion (FY2023)
• Market Cap: $20.6 billion (as of June 30, 2023)
• Total Assets: $11.3 billion (as of December 31, 2023)
• Employees: Over 25,000 worldwide (as of December 31, 2023)
• Key Financial Highlights: Revenue decreased by 0.8% YoY, Net income decreased by 0.8% YoY.

Dover provides a diverse range of products and services across its five segments:

• Engineered Products: Equipment, components, software, and services for vehicle aftermarket, waste handling, industrial automation, aerospace, and fluid dispensing.
• Clean Energy & Fueling: Components, equipment, software, and services for safe storage, transport, and dispensing of traditional and clean fuels, and operation of convenience retail and vehicle wash establishments.
• Imaging & Identification: Precision marking and coding, product traceability, brand protection, and digital textile printing equipment, along with related consumables, software, and services.
• Pumps & Process Solutions: Specialty pumps, flow meters, engineered precision components, instrumentation, and digital controls for rotating and reciprocating machinery, fluid connecting solutions, and plastics and polymer processing equipment.
• Climate & Sustainability Technologies: Innovative and energy-efficient equipment, components, and parts for commercial refrigeration, heating and cooling, and beverage can-making equipment.

Dover's operations are structured into five reportable segments:

• Engineered Products: Provides a wide range of equipment, components, software, solutions and services to the vehicle aftermarket, waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing end-markets.
• Clean Energy & Fueling: Provides components, equipment, software, solutions and services enabling safe and reliable storage, transport and dispensing of traditional and clean fuels, cryogenic gases, and other hazardous substances along the supply chain, and safe and efficient operation of convenience retail, retail fueling and vehicle wash establishments.
• Imaging & Identification: Supplies precision marking and coding, product traceability, brand protection and digital textile printing equipment, as well as related consumables, software and services to the global packaged and consumer goods, pharmaceutical, industrial manufacturing, textile and other end-markets.
• Pumps & Process Solutions: Manufactures specialty pumps and flow meters, highly engineered precision components, specialized instrumentation and digital controls for rotating and reciprocating machines, fluid connecting solutions and plastics and polymer processing equipment, serving single-use biopharmaceutical production, diversified industrial manufacturing, chemical production, plastics and polymer processing, midstream and downstream oil and gas, energy transition, thermal management applications and other end-markets.
• Climate & Sustainability Technologies: Provides innovative and energy-efficient equipment, components and parts for the commercial refrigeration, heating and cooling and beverage can-making equipment end-markets.

Dover's strategy focuses on capturing growth potential in its end-markets and adjacent market segments, improving profitability and return on invested capital, and disciplined capital allocation. Key initiatives include:

• Investing in capacity expansion, automation, productivity improvement, and research and development.
• Developing new products and technologies, improving digital capabilities, and expanding geographic coverage.
• Pursuing strategic acquisitions to enhance portfolio quality and position for long-term growth.
• Leveraging Dover Digital Labs for digital transformation across businesses.
• Centralizing shared services and investing in the India Innovation Center.

Dover operates in diverse industrial and business-to-business markets. Key aspects of the competitive landscape include:

• Primary Industry: Diversified industrial manufacturing and solutions provider
• Market Position: Generally a market leader in the niche markets it serves.
• Key Competitors: Competes with a variety of companies across its segments, including Snap-On, Vontier, Veralto, IDEX, and Panasonic, among others.
• Industry Trends: Benefiting from trends such as growing industrial manufacturing and trade volumes, increased focus on digitization and automation, increasing requirements for sustainability, safety, energy efficiency, and consumer product safety.

• Market Risks: Exposure to general economic conditions, recessions, and downturns in served markets, as well as increasing competition and pricing pressures.
• Operational Risks: Vulnerability to natural or human-induced disasters, supply chain disruptions, labor shortages, and work stoppages.
• Financial Risks: Exposure to interest rate and currency exchange rate fluctuations, and risks related to capital allocation and acquisitions.
• Regulatory Risks: Subject to various domestic and foreign governmental and public policy changes, including environmental, employment, health and safety regulations, and tax policies.
• Cybersecurity Risks: Vulnerability to cyber attacks and data breaches.