Dover Corporation SWOT and PESTLE Analysis

Strength

1. Strong profitability, cash flow, higher revenue and net income growth: Producing sustainable returns on invested capital sufficiently beyond the cost of capital across all of its businesses is a core strategy of Dover in order to attain high profitability. From including a supply chain integration management to shared service centers and lean manufacturing principles, the company has always focused on initiatives that drive operational excellence, improve margins, and enhance return on capital. In FY 2019 the company generated a strong Free Cash Flow of $759 Million that is up by 23% compared to the previous fiscal. With $1.94 Dividends Per Share in the FY2019, the company has accomplished 64 consecutive years of dividend growth.

2. Automated manufacturing and diversified product portfolio: Through many acquisitions over the years the company has diversified its product. It is the market leader in every segment it operates. Worldwide presence and automated production have enabled the company to scale up its production and reduce cost. Its engineered products segment offers a wide range of products, software, and services that have broad customer applications across a number of markets, including aftermarket vehicle service, solid waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing. Under its fueling solutions segment, the company is focused on providing solutions that enable the safe transport of fuels and other hazardous fluids along the supply chain. The company supplies precision marking and coding, product traceability and digital textile printing equipment, as well as related consumables, software, and services under its Imaging & Identification segment. Its Pumps & Process Solutions segment manufactures specialty pumps, fluid handling components, plastics and polymer processing equipment, and highly engineered components for rotating and reciprocating machines. Finally, the company also provides innovative and energy-efficient equipment and systems that serve the commercial refrigeration, heating and cooling, and food equipment markets through its Refrigeration & Food Equipment segment.

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Weakness

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Opportunity

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Threat

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Political

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Economic

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Social

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Technological

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Legal

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Environmental

1. Portfolio of sustainable products and services to meet client’s sustainability goals: Since the 1970's the evolution of the modern environmental movement and the endowment of environmental regulations has significantly accelerated business sustainability and has become a strategic concern stimulated by market trends. More than 90% of businesses worldwide have included sustainability practices including sustainability strategies, sustainable products, and services in their business models to drive the company's success. Thus, in order to help its customers meet their sustainability goals in response to evolving regulatory and environmental standards, Dover offers an extensively large portfolio of sustainable products and services under the umbrella of all its business segments. Under the Engineered Products segment, the manufacturing of onsite waste balers and compactors helps customers with a quick and efficient process of solid waste and recyclables. The company offers packaging intelligence solutions under its Imaging & Identification segment, that enable efficient product tracking and identification, improved line efficiency, minimized waste, and improved compliance for its customers. The company's Fueling Solutions segment offers products that encourage the delivery of alternative fuels, help reduce vehicle emissions, and assist in vapor recovery. Through its Pumps and Solutions segment, the company aims at conversion to sustainable and renewable energy usage in heating and cooling applications.

2. Fostering sustainable business practices to reduce environmental impacts: The sustainability market trends including demand for recyclable and sustainable materials, eco-conscious freighting methods, sustainable packaging, consumer and employee safety are highly influencing the manufacturing sphere. Besides reducing environmental impact sustainable business practices have the potential to enhance operational efficiency, reduce costs, and improve margins. Thus, Dover is fostering sustainable business practices across all its businesses in order to reduce greenhouse gas emissions and energy consumption. Since 2010 the company has been focusing on an energy and climate change strategy that encompasses synergies and related projects for reducing energy use and greenhouse gas emissions. It aims at reducing the overall energy and greenhouse gas intensity indexed to net revenue by 20% from 2010 to 2020. Dover has been a voluntary respondent in the Carbon Disclosure Project (CDP) since 2010, and participated in the CDP water security program in 2018, and expanded its reporting in 2019 with water data collection

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