美国都福
Dover Corporation is
a multi-billion dollar， global producer of innovative equipment， specialty systems and value-added services for the industrial products， fluid management， engineered systems and electronic technology markets.
organized into four reporting segments including six operating platforms as follows: Segments Platforms
Communication Technologies
Energy
Engineered Systems
Printing Identificationa decentralized corporation that supports autonomous operating companies focused on meeting the demands of their customers and served markets.
a corporation that believes PERFORMANCECOUNTS and encourages its companies to exceed world-class operating metrics.
a corporation that prides itself on exhibiting the highest ethical， moral and legal standards in the conduct of its business.
traded on the NYSE under DOV with a market capitalization over $10 billion.Our Value Creation FormulaEnhancing Company Performance:Dover companies benefit from exposure to a wide variety of best practices， synergistic business combinations and lean manufacturing techniques that include Six Sigma， Value Stream Mapping， 80/20 Analysis， Goal Deployment， Kaizen events， Kanban controls and many others. The continuous improvements of its companies are measured against the five world-class metrics of the PERFORMANCECOUNTS program:· 8 or more inventory turns · 10% or greater annual earnings growth · 15% or greater operating margins · 20% or less working capital · 25% or greater after-tax return on investment Generating Strong Cash Flow:Dover annually generates strong free cash flow at 8 to 10% of revenue to fund its strategic growth initiatives.Supporting Growth Initiatives:Dover has a long history as a successful acquirer of niche manufacturing companies. We buy GOOD companies and make them GREAT by funding their internal growth initiatives， exposing them to best practices and measuring their success against the PERFORMANCECOUNTS metrics.Dover's acquisition efforts are focused on finding new growth platforms within its four segments or integrating synergistic acquisitions into its operating companies.As a corporation， acquisition investment is targeted at 8 to 10% of revenue. Over a business cycle， operating companies target organic growth at 5 to 7% of revenue.Focusing On Shareholder Returns:Dover has rewarded shareholders with an annually increased dividend for over 50 years (the fourth-longest record on the NYSE).Dover's capital allocation strategy includes opportunistic share repurchases. 收起全部