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NEW YORK, Oct. 24 /PRNewswire-FirstCall/ -- Dover Corporation (NYSE: DOV) announced that for the third quarter ended September 30, 2006, it had earnings from continuing operations of $156.3 million or $0.76 diluted earnings per share ("EPS"), compared to $123.0 million or $0.60 EPS from continuing operations in the prior-year period, representing increases of 27% and 26%, respectively. Revenue for the third quarter of 2006 was $1,651.9 million, an increase of 21% over the prior-year period. Earnings from continuing operations for the third quarter of 2006 included $0.02 EPS related to the expensing of stock options and stock appreciation rights.

Net earnings for the third quarter of 2006 were $167.5 million or $0.82 EPS, including earnings from discontinued operations of $11.2 million or $0.05 EPS, compared to net earnings of $122.7 million or $0.60 EPS for the same period of 2005, which included a loss from discontinued operations of $0.4 million and no EPS impact.

Earnings from continuing operations for the nine months ended September 30, 2006 increased 38% to $446.3 million, or $2.17 EPS, compared to the prior year, and included $0.06 EPS related to the expensing of stock options and stock appreciation rights. Net earnings were $443.3 million or $2.16 EPS, compared to $394.0 million or $1.93 EPS in the prior year.

Dover will host a Webcast of its third quarter 2006 conference call at 9:00 AM Eastern Time on Wednesday October 25, 2006. The Webcast can be accessed at the Dover Corporation website at www.dovercorporation.com. The conference call will also be made available for replay on the website and additional information on Dover's third quarter 2006 results and its operating companies can also be found on the Company website and in the Company's Form 10-Q filed after this release.

The full text of the third quarter earnings release as well as additional information on Dover's third quarter 2006 results and its operating companies can be found on the company website at www.dovercorporation.com and in the Company's Form 10-Q filed after this release. Dover will host a Webcast of its third quarter 2006 conference call at 9:00 A.M. Eastern Time on Wednesday, October 25, 2006. The Webcast can be accessed at the Dover Corporation website at www.dovercorporation.com. The conference call will also be made available for replay on the website.

SOURCE: Dover Corporation

CONTACT: Paul Goldberg, Treasurer & Director of Investor Relations,
Dover Corporation +1-212-922-1640
Web site: http://www.dovercorporation.com