Tranche Update on Dover Corporation's Equity Buyback Plan announced on April 27, 2018.
January 29, 2019 at 06:48 am EST
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From October 1, 2018 to December 31, 2018, the company has repurchased 1,488,535 shares, representing 1.02% for $122.15 million. With this, the company has completed the repurchase of 10,296,334 shares, representing 6.76% for $850.72 million under the buyback announced on April 27, 2018.
Dover Corporation is a diversified industrial group. Net sales break down by family of products as follows:
- material handling equipment (23.7%): industrial and recreational winches, construction and demolition machinery attachments, hydraulic parts, industrial automation tools, etc.;
- fluid management products (21.2%): sucker rods, drill bit inserts for oil and gas exploration, control valves, piston and seal rings, nozzles, swivels, suction system equipment, etc.;
- refrigeration equipment (21.1%): refrigeration systems, commercial kitchen air and ventilation systems, heat transfer equipment, food and beverage packaging machines, etc.;
- mobile equipment (20.8%): tank trailers, compactors, balers, car wash systems, internal engine components, etc.;
- identification products (13.2%): industrial marking and coding systems used to code information on products, product traceability, etc.
Net sales are distributed geographically as follows: the United States (55.8%), Americas (8.1%), Europe (20.8%), Asia (11%) and other (4.3%).
DOVER CORPORATION 
