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Sunday, August 06, 2017 9:30:09 AM
Dover (NYSE:DOV) is exploring strategic options for most of its energy business, including a merger, spinoff or sale that could fetch $3B-$4B, WSJ reports.
DOV’s energy business works with companies in the drilling and production markets on products such as pumps, sensors, artificial lifts and monitoring devices; it accounts for ~16% of DOV’s overall revenue.
Energy is a cyclical business for DOV and is subject to fluctuations in oil prices; revenues in the sector last quarter rose 39% after weighing on earnings last year as energy companies struggled with lower oil prices.
Shares rallied into the close, finishing +2.5% after trading slightly in the red prior to the report.
Recent DOV News
- Dover Operating Companies to Highlight Range of Innovative Technologies at Leading Convenience-Store and Retail-Fueling Trade Show • PR Newswire (US) • 09/25/2024 08:15:00 PM
- Caldera Introduces New Direct-to-Film Solution For Digital Textile Printing • PR Newswire (US) • 09/18/2024 08:15:00 PM
- CPC Launches Aseptic Product for Cell and Gene Therapy Cryopreservation • PR Newswire (US) • 09/11/2024 08:15:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/10/2024 10:11:01 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/06/2024 07:31:51 PM
- Advansor Launches New Enclosure Range for CO2 Climate Solutions • PR Newswire (US) • 09/04/2024 08:15:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/30/2024 09:34:05 PM
- Rotary Releases Patent-Pending Remote-Controlled Flex MAX Linker for Safely Connecting Mobile Column Lifts • PR Newswire (US) • 08/28/2024 08:15:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/26/2024 04:14:17 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/23/2024 08:56:46 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/21/2024 08:19:07 PM
- Anthony Launches Infinity MAX Walk-In Cooler Doors • PR Newswire (US) • 08/21/2024 08:15:00 PM
- Dover Acquires Criteria Labs, a Leading Provider of RF Device and Microelectronic Engineering Solutions • PR Newswire (US) • 08/19/2024 11:00:00 AM
- Hydro Releases EvoDose NXT Chemical Dispenser • PR Newswire (US) • 08/14/2024 08:15:00 PM
- Dover Adds to European Cryogenic Platform with Acquisition of SPS Cryogenics and Special Gas Systems • PR Newswire (US) • 08/12/2024 11:00:00 AM
- Dover Fueling Solutions Launches Synergy Fuel Site Controller, Allowing Digital Transformation for the Fleet & Commercial Fueling Industry • PR Newswire (US) • 08/07/2024 08:15:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/05/2024 09:03:03 PM
- Dover Increases Dividend • PR Newswire (US) • 08/02/2024 08:08:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/01/2024 11:40:34 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 07/31/2024 02:15:27 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/25/2024 10:39:50 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/25/2024 10:33:43 AM
- Dover Reports Second Quarter 2024 Results • PR Newswire (US) • 07/25/2024 10:30:00 AM
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- Form 8-K - Current report • Edgar (US Regulatory) • 07/23/2024 08:31:56 PM
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