caLogo
NEW YORK — Dover Corp. yesterday said it will reorganize into four business segments and restate some results to reflect the new structure.

The conglomerate reduced its recent earnings per share of continuing operations due to the reaccounting of two now-discontinued businesses: Crenlo and Graphics Microsystems.

The company said it restated the past three years of financial reports, but did not provide further details.

Under the new structure, the four segments will be industrial products, engineered systems, fluid management and electronic technologies. The latter includes such companies as DEK, Everett-Charles Technologies, OK International and Ovation, among others.

In a statement, Dover said the reorganization will help save on costs, make the company simpler to understand for investors, and give a clearer direction to future acquisitions.

Submit to FacebookSubmit to Google PlusSubmit to TwitterSubmit to LinkedInPrint Article
Don't have an account yet? Register Now!

Sign in to your account