UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________________________ 

FORM 8-K
________________________________
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 17, 2012 
________________________________
 
DOVER CORPORATION
(Exact name of registrant as specified in its charter)
________________________________

 	
 	 	 	
State of Delaware	1-4018	53-0257888	
(State or other jurisdiction of incorporation)	 (Commission File Number)	(I.R.S. Employer Identification No.)	
 	 	 	
3005 Highland Parkway	 	 	
Downers Grove, Illinois	 	60515	
(Address of principal executive offices)	 	(Zip Code)	
(630) 541-1540
(Registrant’s telephone number, including area code)
 
______________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 	 	
¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)	
¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)	
¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))	
¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))	

 	

Item 2.02 Results of Operations and Financial Condition.
 
On October 17, 2012, Dover Corporation (i) issued the Press Release attached hereto as Exhibit 99.1 announcing its results of operations for the third quarter ended September 30, 2012; and (ii) posted on its website at
http://www.dovercorporation.com the presentation slides attached hereto as Exhibit 99.2 for the quarter ended September 30, 2012.
 
The information in this Current Report on Form 8-K, including exhibits, is being furnished to the Securities and Exchange Commission (the “SEC”) and shall not be deemed to be incorporated by reference into any of Dover’s filings with the SEC under the Securities Act of 1933.

Item 9.01 Financial Statements and Exhibits.
 	 	
(a)	Financial statements of businesses acquired .	
Not applicable.
 	 	
(b)	Pro forma financial information .	
Not applicable.
 	 	
(c)	Shell company transactions .	
Not applicable.
 	 	
(d)	Exhibits.	
The following exhibits are furnished as part of this report:
 
99.1 Dover Corporation Press Release dated October 17, 2012.
99.2 Presentation Slides posted on Dover Corporation’s website at http://www.dovercorporation.com.

SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.

 	 	 	
Date: October 17, 2012	DOVER CORPORATION	 	
 	(Registrant)	
 	 	 	 	
 	By:	/s/ Joseph W. Schmidt	 	
 	 	Joseph W. Schmidt	 	
 	 	Senior Vice President, General Counsel & Secretary	 	

EXHIBIT INDEX

Number	 	Exhibit	
99.1	 	Press Release of Dover Corporation, dated October 17, 2012	
 	 	 	
99.2	 	Presentation Slides posted on Dover Corporation’s website at http://www.dovercorporation.com	

Exhibit 99.1

 	
 	 	 	
CONTACT:	 	READ IT ON THE WEB	
Paul Goldberg	 	www.dovercorporation.com	
Vice President - Investor Relations	 	 	
(212) 922-1640	 	 	

DOVER CORPORATION REPORTS THIRD QUARTER 2012 RESULTS
 	 	
•	Reports revenue of $2.2 billion, an increase of 3% over the prior year	
 	 	
•	Delivers quarterly diluted earnings per share from continuing operations of $1.32, an increase of 11%	
 	 	
•	Revises outlook for full-year revenue growth and earnings per share; now expects revenue growth to be approximately 7%, and earnings per share to be $4.55 - $4.65	

Downers Grove, Illinois, October 17, 2012 — Dover Corporation (NYSE: DOV) announced today that for the third quarter ended September 30, 2012, revenue was $2.2 billion, an increase of 3% over the prior-year period. The revenue increase was driven by organic growth of 1% and a 4% increase from acquisitions, offset in part by a 2% unfavorable impact from foreign exchange. Earnings from continuing operations were $242.2 million, or $1.32 diluted earnings per share (“EPS”), compared to $223.4 million, or $1.19 EPS, in the prior-year period, representing increases in earnings from continuing operations and EPS of 8% and 11%, respectively, inclusive of minor tax benefits realized in both periods.

Revenue for the nine months ended September 30, 2012 was $6.4 billion, an increase of 8% over the prior-year period, reflecting organic growth of 4%, a 6% increase from acquisitions and a 2% unfavorable impact from foreign exchange. Earnings from continuing operations for the nine months ended September 30, 2012 were $651.9 million, or $3.51 EPS, compared to $637.4 million, or $3.37 EPS in the prior-year period, representing an increase in earnings from continuing operations of 2% and an increase in EPS of 4%. Excluding the impact of tax benefits of $0.03 EPS in the the nine months ended September 30, 2012 and $0.17 EPS in the prior-year period, adjusted diluted EPS increased from continuing operations increased 9%.

Commenting on the third quarter results, Dover's President and Chief Executive Officer, Robert A. Livingston, said,  “ The third quarter demonstrated the strength of our businesses as we leveraged modest revenue growth with 18% segment margin and delivered $1.32 EPS. The margin performance was especially encouraging because it was broad-based, as Communication Technologies, Printing & Identification and Engineered Systems all showed significant sequential improvement, while Energy remained very strong. ”

“While the quarter was solid and the majority of our businesses are performing very well, we are facing near-term revenue challenges in the Handset and Electronics markets, along with the continuing uncertain global economic environment. ”

“Taking these challenges into account, we now expect full-year 2012 revenue growth of approximately 7%, comprised of organic growth of 3% (inclusive of a 2% unfavorable impact from foreign exchange), plus growth from completed acquisitions of 4%. Based on this revenue assumption, we expect full-year diluted EPS from continuing operations to be in the range of $4.55 - $4.65. ”

Net earnings for the third quarter of 2012 were $241.0 million or $1.31 EPS, including a net loss from discontinued operations of $1.2 million, or $0.01 EPS, compared to net earnings of $172.3 million, or $0.91 EPS, for the same period of 2011, which included a loss from discontinued operations of $51.2 million, or $0.27 EPS. Net earnings for the nine months ended September 30, 2012 were $651.2 million, or $3.51 EPS, including a net loss from discontinued operations of $0.7 million, compared to net earnings of $617.0 million, or $3.26 EPS for the same period of 2011, which included a loss from discontinued operations of $20.5 million or $0.11 EPS.

Dover will host a webcast of its third quarter 2012 conference call at 10:00 A.M. Eastern Time (9:00 A.M. Central Time) on Wednesday, October 17, 2012. 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. Additional information on Dover’s third quarter results and its operating segments can also be found on the company’s website.

About Dover:

Dover Corporation is a multi-billion dollar diversified global manufacturer. For over 50 years, Dover has been providing its customers with outstanding products and services that reflect the company ' s commitment to operational excellence, innovation and market leadership. The company focuses on innovative equipment and components, specialty systems and support services through its four major operating segments: Communication Technologies, Energy, Engineered Systems and Printing & Identification. Dover is headquartered in Downers Grove, Illinois and employs 35,000 people worldwide. Dover Corporation is traded on the New York Stock Exchange under "DOV." Additional information is available on the company ' s website at www.dovercorporation.com.

Forward-Looking Statement:

This press release contains “forward-looking” statements within the meaning of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Such statements relate to, among other things, income, earnings, cash flows, changes in operations, operating improvements, industries in which Dover companies operate and the U.S. and global economies. Statements in this press release that are not historical may be indicated by words or phrases such as “ anticipates, ” “ expects, ” “ believes, ” “ indicates, ” “ suggests, ” “ will, ” “ plans, ” “ supports, ” “ projects, ” “ should, ” “ would, ” “ could, ” “ hope, ” “ forecast ”  and  “ management is of the opinion, ”  use of future tense and similar words or phrases. Forward-looking statements are subject to inherent risks and uncertainties that could cause actual results to differ materially from current expectations, including, but not limited to, uncertainties in the credit and capital markets, interest rates, currency exchange rates, the world economy and sovereign credit, especially in Europe; political events and possible future terrorist threats that could impact countries where Dover does business or the worldwide economy; the impact of natural disasters and their effect on global supply chains and energy markets; increases in the cost of raw materials; the Company ' s ability to achieve expected savings from integration, synergy and other cost-control initiatives; the ability to identify and successfully consummate value-adding acquisition opportunities; increased competition and pricing pressures in the markets served by Dover ' s operating companies; the ability of Dover ' s companies to expand into new geographic markets and to anticipate and meet customer demands for new products and product enhancements; the impact of loss of a single-source manufacturing facility; changes in customer demand; a downgrade in Dover ' s credit ratings; the relative mix of products and services which impacts margins and operating efficiencies; short-term capacity constraints; domestic and foreign governmental and public policy changes including environmental regulations, tax policies, export subsidy programs, R&E credits and other similar programs; unforeseen developments in contingencies such as litigation; protection and validity of patent and

other intellectual property rights; and the cyclical nature of some of Dover's companies. Dover Corporation refers you to the documents that it files from time to time with the Securities and Exchange Commission, such as its reports on Form 10-K, Form 10-Q and Form 8-K, for a discussion of these and other risks and uncertainties that could cause its actual results to differ materially from its current expectations and from the forward-looking statements contained in this press release. Dover Corporation undertakes no obligation to update any forward-looking statement.

INVESTOR SUPPLEMENT - THIRD QUARTER 2012

DOVER CORPORATION
CONSOLIDATED STATEMENTS OF COMPREHENSIVE EARNINGS
(unaudited)(in thousands, except per share data)

 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Three Months Ended September 30,	 	Nine Months Ended September 30,	
 	2012	 	2011	 	2012	 	2011	
Revenue	$	2,208,699	
 	 	$	2,138,606	
 	 	$	6,428,571	
 	 	$	5,945,654	
 	
Cost of goods and services	1,361,769	
 	 	1,332,324	
 	 	3,983,720	
 	 	3,651,625	
 	
Gross profit	846,930	
 	 	806,282	
 	 	2,444,851	
 	 	2,294,029	
 	
Selling and administrative expenses	476,573	
 	 	476,640	
 	 	1,451,503	
 	 	1,378,466	
 	
Operating earnings	370,357	
 	 	329,642	
 	 	993,348	
 	 	915,563	
 	
Interest expense, net	30,388	
 	 	30,061	
 	 	90,132	
 	 	86,536	
 	
Other expense, net	3,962	
 	 	48	
 	 	6,726	
 	 	2,713	
 	
Earnings before provision for income taxes and discontinued operations	336,007	
 	 	299,533	
 	 	896,490	
 	 	826,314	
 	
Provision for income taxes	93,794	
 	 	76,095	
 	 	244,548	
 	 	188,887	
 	
Earnings from continuing operations	242,213	
 	 	223,438	
 	 	651,942	
 	 	637,427	
 	
Loss from discontinued operations, net	(1,167	)	 	(51,158	)	 	(732	)	 	(20,473	)	
Net earnings	$	241,046	
 	 	$	172,280	
 	 	$	651,210	
 	 	$	616,954	

Comprehensive earnings	$	334,327	
 	 	$	47,957	
 	 	$	692,146	
 	 	$	583,927	

Basic earnings per common share:	 	 	 	 	 	 	 	
Earnings from continuing operations	$	1.33	
 	 	$	1.20	
 	 	$	3.56	
 	 	$	3.42	
 	
Loss from discontinued operations, net	(0.01	)	 	(0.28	)	 	—	
 	 	(0.11	)	
Net earnings	1.33	
 	 	0.93	
 	 	3.56	
 	 	3.31	

Weighted average shares outstanding	181,763	 	185,770	 	183,000	 	186,246	
 	 	 	 	 	 	 	 	
Diluted earnings per common share:	 	 	 	 	 	 	 	
Earnings from continuing operations	$	1.32	
 	 	$	1.19	
 	 	$	3.51	
 	 	$	3.37	
 	
Loss from discontinued operations, net	(0.01	)	 	(0.27	)	 	—	
 	 	(0.11	)	
Net earnings	1.31	
 	 	0.91	
 	 	3.51	
 	 	3.26	

Weighted average shares outstanding	183,932	 	188,436	 	185,489	 	189,420	
 	 	 	 	 	 	 	 	
Dividends paid per common share	$	0.35	
 	 	$	0.315	
 	 	$	0.98	
 	 	$	0.865	

DOVER CORPORATION
QUARTERLY SEGMENT INFORMATION
(unaudited)(in thousands)

 	2012	 	2011	
 	Q1	Q2	Q3	Q3 YTD	 	Q1	Q2	Q3	Q3 YTD	Q4	FY 2011	
REVENUE	 	 	 	 	 	 	 	 	 	 	 	
Communication Technologies	$	357,575	
 	$	361,689	
 	$	396,470	
 	$	1,115,734	
 	 	$	269,582	
 	$	288,843	
 	$	405,357	
 	$	963,782	
 	$	396,295	
 	$	1,360,077	

Energy	531,570	
 	538,786	
 	562,263	
 	1,632,619	
 	 	425,424	
 	454,327	
 	510,608	
 	1,390,359	
 	510,390	
 	1,900,749	

Engineered Systems	 	 	 	 	 	 	 	 	 	 	 	
Fluid Solutions	180,364	
 	211,974	
 	218,324	
 	610,662	
 	 	163,196	
 	178,031	
 	173,804	
 	515,031	
 	162,590	
 	677,621	
 	
Refrigeration & Industrial	642,213	
 	674,501	
 	674,116	
 	1,990,830	
 	 	560,453	
 	645,573	
 	649,768	
 	1,855,794	
 	568,844	
 	2,424,638	
 	
Eliminations	(453	)	(352	)	(319	)	(1,124	)	 	(382	)	(424	)	(431	)	(1,237	)	(287	)	(1,524	)	
 	822,124	
 	886,123	
 	892,121	
 	2,600,368	
 	 	723,267	
 	823,180	
 	823,141	
 	2,369,588	
 	731,147	
 	3,100,735	

Printing & Identification	352,332	
 	370,173	
 	358,086	
 	1,080,591	
 	 	394,627	
 	429,497	
 	400,515	
 	1,224,639	
 	368,325	
 	1,592,964	

Intra-segment eliminations	(237	)	(263	)	(241	)	(741	)	 	(822	)	(877	)	(1,015	)	(2,714	)	(1,671	)	(4,385	)	
 	 	 	 	 	 	 	 	 	 	 	 	
Total consolidated revenue	$	2,063,364	
 	$	2,156,508	
 	$	2,208,699	
 	$	6,428,571	
 	 	$	1,812,078	
 	$	1,994,970	
 	$	2,138,606	
 	$	5,945,654	
 	$	2,004,486	
 	$	7,950,140	

NET EARNINGS	 	 	 	 	 	 	 	 	 	 	 	
Segment Earnings:	 	 	 	 	 	 	 	 	 	 	 	
Communication Technologies	$	46,556	
 	$	50,322	
 	$	63,706	
 	$	160,584	
 	 	$	47,325	
 	$	54,527	
 	$	53,433	
 	$	155,285	
 	$	71,097	
 	$	226,382	
 	
Energy	132,115	
 	133,936	
 	139,038	
 	405,089	
 	 	93,051	
 	110,447	
 	125,268	
 	328,766	
 	121,871	
 	450,637	
 	
Engineered Systems	122,092	
 	133,808	
 	144,245	
 	400,145	
 	 	98,235	
 	128,570	
 	125,529	
 	352,334	
 	92,852	
 	445,186	
 	
Printing & Identification	32,605	
 	41,674	
 	51,407	
 	125,686	
 	 	54,637	
 	67,967	
 	59,447	
 	182,051	
 	44,483	
 	226,534	
 	
Total Segments	333,368	
 	359,740	
 	398,396	
 	1,091,504	
 	 	293,248	
 	361,511	
 	363,677	
 	1,018,436	
 	330,303	
 	1,348,739	
 	
Corporate expense / other	36,546	
 	36,335	
 	32,001	
 	104,882	
 	 	36,112	
 	35,391	
 	34,083	
 	105,586	
 	32,393	
 	137,979	
 	
Net interest expense	30,027	
 	29,717	
 	30,388	
 	90,132	
 	 	28,318	
 	28,157	
 	30,061	
 	86,536	
 	29,060	
 	115,596	
 	
Earnings from continuing operations before provision for income taxes	266,795	
 	293,688	
 	336,007	
 	896,490	
 	 	228,818	
 	297,963	
 	299,533	
 	826,314	
 	268,850	
 	1,095,164	
 	
Provision for income taxes	69,968	
 	80,786	
 	93,794	
 	244,548	
 	 	54,027	
 	58,765	
 	76,095	
 	188,887	
 	59,912	
 	248,799	
 	
Earnings from continuing operations	196,827	
 	212,902	
 	242,213	
 	651,942	
 	 	174,791	
 	239,198	
 	223,438	
 	637,427	
 	208,938	
 	846,365	
 	
Earnings (loss) from discontinued operations, net	(764	)	1,199	
 	(1,167	)	(732	)	 	20,114	
 	10,571	
 	(51,158	)	(20,473	)	69,351	
 	48,878	
 	
Net earnings	$	196,063	
 	$	214,101	
 	$	241,046	
 	$	651,210	
 	 	$	194,905	
 	$	249,769	
 	$	172,280	
 	$	616,954	
 	278,289	
 	$	895,243	

SEGMENT OPERATING MARGIN	 	 	 	 	 	 	 	 	 	
Communication Technologies	13.0	%	13.9	%	16.1	%	14.4	%	 	17.6	%	18.9	%	13.2	%	16.1	%	17.9	%	16.6	%	
Energy	24.9	%	24.9	%	24.7	%	24.8	%	 	21.9	%	24.3	%	24.5	%	23.6	%	23.9	%	23.7	%	
Engineered Systems	14.9	%	15.1	%	16.2	%	15.4	%	 	13.6	%	15.6	%	15.2	%	14.9	%	12.7	%	14.4	%	
Printing & Identification	9.3	%	11.3	%	14.4	%	11.6	%	 	13.8	%	15.8	%	14.8	%	14.9	%	12.1	%	14.2	%	
Total Segment	16.2	%	16.7	%	18.0	%	17.0	%	 	16.2	%	18.1	%	17.0	%	17.1	%	16.5	%	17.0	%	
 	 	 	 	 	 	 	 	 	 	 	 	
DEPRECIATION AND AMORTIZATION EXPENSE	 	 	 	 	 	 	 	 	 	
Communication Technologies	$	31,513	
 	$	32,828	
 	$	32,997	
 	$	97,338	
 	 	$	18,685	
 	$	18,533	
 	$	34,360	
 	$	71,578	
 	$	30,261	
 	$	101,839	
 	
Energy	21,184	
 	23,533	
 	24,639	
 	69,356	
 	 	18,573	
 	18,765	
 	19,399	
 	56,737	
 	21,082	
 	77,819	
 	
Engineered Systems	19,582	
 	23,913	
 	23,060	
 	66,555	
 	 	18,415	
 	18,816	
 	18,332	
 	55,563	
 	19,213	
 	74,776	
 	
Printing & Identification	11,206	
 	11,448	
 	11,604	
 	34,258	
 	 	11,372	
 	11,685	
 	11,548	
 	34,605	
 	11,543	
 	46,148	
 	
Corporate	700	
 	765	
 	842	
 	2,307	
 	 	586	
 	626	
 	636	
 	1,848	
 	713	
 	2,561	
 	
 	$	84,185	
 	$	92,487	
 	$	93,142	
 	$	269,814	
 	 	$	67,631	
 	$	68,425	
 	$	84,275	
 	$	220,331	
 	$	82,812	
 	$	303,143	

DOVER CORPORATION
QUARTERLY SEGMENT INFORMATION
(continued)
(unaudited)(in thousands)

 	2012	 	2011	
 	Q1	Q2	Q3	Q3 YTD	 	Q1	Q2	Q3	Q3 YTD	Q4	FY 2011	
BOOKINGS	 	 	 	 	 	 	 	 	 	 	 	
Communication Technologies	$	356,386	
 	$	383,135	
 	$	412,092	
 	$	1,151,613	
 	 	$	274,611	
 	$	309,734	
 	$	410,616	
 	$	994,961	
 	$	349,579	
 	$	1,344,540	

Energy	585,775	
 	530,352	
 	526,824	
 	1,642,951	
 	 	495,125	
 	472,543	
 	498,212	
 	1,465,880	
 	519,525	
 	1,985,405	

Engineered Systems	 	 	 	 	 	 	 	 	 	 	 	
Fluid Solutions	184,711	
 	204,139	
 	197,767	
 	586,617	
 	 	173,626	
 	175,539	
 	174,772	
 	523,937	
 	158,895	
 	682,832	
 	
Refrigeration & Industrial	711,911	
 	666,223	
 	600,065	
 	1,978,199	
 	 	660,449	
 	623,929	
 	602,488	
 	1,886,866	
 	625,840	
 	2,512,706	
 	
Eliminations	(408	)	(376	)	(258	)	(1,042	)	 	(733	)	(884	)	179	
 	(1,438	)	(1,378	)	(2,816	)	
 	896,214	
 	869,986	
 	797,574	
 	2,563,774	
 	 	833,342	
 	798,584	
 	777,439	
 	2,409,365	
 	783,357	
 	3,192,722	

Printing & Identification	347,368	
 	357,648	
 	342,834	
 	1,047,850	
 	 	438,526	
 	386,259	
 	384,085	
 	1,208,870	
 	353,849	
 	1,562,719	

Intra-segment eliminations	(609	)	(222	)	(759	)	(1,590	)	 	(2,736	)	(3,370	)	(2,452	)	(8,558	)	(3,153	)	(11,711	)	
 	 	 	 	 	 	 	 	 	 	 	 	
Total consolidated bookings	$	2,185,134	
 	$	2,140,899	
 	$	2,078,565	
 	$	6,404,598	
 	 	$	2,038,868	
 	$	1,963,750	
 	$	2,067,900	
 	$	6,070,518	
 	$	2,003,157	
 	$	8,073,675	

BACKLOG	 	 	 	 	 	 	 	 	 	 	 	
Communication Technologies	$	435,912	
 	$	457,624	
 	$	473,007	
 	 	 	$	410,843	
 	$	431,558	
 	$	483,512	
 	 	$	437,320	

Energy	296,360	
 	282,364	
 	248,233	
 	 	 	240,198	
 	255,889	
 	243,401	
 	 	246,351	

Engineered Systems	 	 	 	 	 	 	 	 	 	 	 	
Fluid Solutions	191,327	
 	172,300	
 	156,191	
 	 	 	57,357	
 	54,945	
 	55,230	
 	 	54,194	
 	 	
Refrigeration & Industrial	598,910	
 	586,824	
 	515,285	
 	 	 	544,995	
 	523,011	
 	469,876	
 	 	528,118	
 	 	
Eliminations	(132	)	(155	)	(94	)	 	 	(339	)	(526	)	(94	)	 	(177	)	 	
 	790,105	
 	758,969	
 	671,382	
 	 	 	602,013	
 	577,430	
 	525,012	
 	 	582,135	

Printing & Identification	177,511	
 	160,311	
 	148,144	
 	 	 	262,629	
 	220,619	
 	197,792	
 	 	180,871	

Intra-segment eliminations	(987	)	(647	)	(324	)	 	 	(704	)	(1,178	)	(891	)	 	(193	)	 	
 	 	 	 	 	 	 	 	 	 	 	 	
Total consolidated backlog	$	1,698,901	
 	$	1,658,621	
 	$	1,540,442	
 	 	 	$	1,514,979	
 	$	1,484,318	
 	$	1,448,826	
 	 	$	1,446,484	

DOVER CORPORATION
QUARTERLY EARNINGS PER SHARE
(unaudited)(in thousands, except per share data*)

 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	2012	 	2011	
 	Q1	Q2	Q3	Q3 YTD	 	Q1	Q2	Q3	Q3 YTD	Q4	FY 2011	
Basic earnings (loss) per common share:	 	 	 	 	 	 	 	 	 	
Continuing operations	$	1.07	
 	$	1.16	
 	$	1.33	
 	$	3.56	
 	 	$	0.94	
 	$	1.28	
 	$	1.20	
 	$	3.42	
 	$	1.13	
 	$	4.55	
 	
Discontinued operations	—	
 	0.01	
 	(0.01	)	—	
 	 	0.11	
 	0.06	
 	(0.28	)	(0.11	)	0.38	
 	0.26	
 	
Net earnings	1.07	
 	1.17	
 	1.33	
 	3.56	
 	 	1.04	
 	1.34	
 	0.93	
 	3.31	
 	1.51	
 	4.82	

Diluted earnings (loss) per common share:	 	 	 	 	 	 	 	 	 	
Continuing operations	$	1.05	
 	$	1.15	
 	$	1.32	
 	$	3.51	
 	 	$	0.92	
 	$	1.26	
 	$	1.19	
 	$	3.37	
 	$	1.12	
 	$	4.48	
 	
Discontinued operations	—	
 	0.01	
 	(0.01	)	—	
 	 	0.11	
 	0.06	
 	(0.27	)	(0.11	)	0.37	
 	0.26	
 	
Net earnings	1.05	
 	1.15	
 	1.31	
 	3.51	
 	 	1.03	
 	1.32	
 	0.91	
 	3.26	
 	1.49	
 	4.74	

Adjusted diluted earnings per common share (calculated below):	
Continuing operations	$	1.05	
 	$	1.15	
 	$	1.30	
 	$	3.48	
 	 	$	0.88	
 	$	1.14	
 	$	1.18	
 	$	3.20	
 	$	1.07	
 	$	4.26	

 	 	 	 	 	 	 	 	 	 	 	 	
Net earnings (loss) and average shares used in calculated earnings (loss) per share amounts are as follows:	
 	 	 	 	 	 	 	 	 	 	 	 	
Net earnings (loss):	 	 	 	 	 	 	 	 	 	 	 	
Continuing operations	$	196,827	
 	$	212,902	
 	$	242,213	
 	$	651,942	
 	 	$	174,791	
 	$	239,198	
 	$	223,438	
 	$	637,427	
 	$	208,938	
 	$	846,365	
 	
Discontinued operations	(764	)	1,199	
 	(1,167	)	(732	)	 	20,114	
 	10,571	
 	(51,158	)	(20,473	)	69,351	
 	48,878	
 	
Net earnings	196,063	
 	214,101	
 	241,046	
 	651,210	
 	 	194,905	
 	249,769	
 	172,280	
 	616,954	
 	278,289	
 	895,243	

Average shares outstanding:	 	 	 	 	 	 	 	 	 	
Basic	183,737	
 	183,494	
 	181,763	
 	183,000	
 	 	186,659	
 	186,443	
 	185,770	
 	186,246	
 	184,686	
 	185,882	
 	
Diluted	186,706	
 	185,780	
 	183,932	
 	185,489	
 	 	190,090	
 	189,705	
 	188,436	
 	189,420	
 	187,208	
 	188,887	

 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Note:	 	 	 	 	 	 	 	 	 	 	 	
Earnings from continuing operations are adjusted by discrete and other tax items to derive adjusted earnings from continuing operations and adjusted diluted earnings per common share as follows:	
 	 	 	 	 	 	 	 	 	 	 	 	
 	2012	 	2011	
 	Q1	Q2	Q3	Q3 YTD	 	Q1	Q2	Q3	Q3 YTD	Q4	FY 2011	
Adjusted earnings from continuing operations:	 	 	 	 	 	 	 	 	 	
Earnings from continuing operations	$	196,827	
 	$	212,902	
 	$	242,213	
 	$	651,942	
 	 	$	174,791	
 	$	239,198	
 	$	223,438	
 	$	637,427	
 	$	208,938	
 	$	846,365	
 	
Gains (losses) from discrete and other tax items	1,432	
 	(372	)	4,513	
 	5,573	
 	 	8,016	
 	22,338	
 	2,390	
 	32,744	
 	8,590	
 	41,334	
 	
Adjusted earnings from continuing operations	$	195,395	
 	$	213,274	
 	$	237,700	
 	$	646,369	
 	 	$	166,775	
 	$	216,860	
 	$	221,048	
 	$	604,683	
 	$	200,348	
 	$	805,031	

Adjusted diluted earnings per common share:	 	 	 	 	 	 	 	 	 	
Earnings from continuing operations	$	1.05	
 	$	1.15	
 	$	1.32	
 	$	3.51	
 	 	$	0.92	
 	$	1.26	
 	$	1.19	
 	$	3.37	
 	$	1.12	
 	$	4.48	
 	
Gains (losses) from discrete and other tax items	—	
 	—	
 	0.02	
 	0.03	
 	 	0.04	
 	0.12	
 	0.01	
 	0.17	
 	0.05	
 	0.22	
 	
Adjusted earnings from continuing operations	$	1.05	
 	$	1.15	
 	$	1.30	
 	$	3.48	
 	 	$	0.88	
 	$	1.14	
 	$	1.18	
 	$	3.20	
 	$	1.07	
 	$	4.26	

* Per share data may not add due to rounding.	 	 	 	 	 	 	 	

DOVER CORPORATION
QUARTERLY FREE CASH FLOW
(unaudited)(in thousands)

 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	2012	 	2011	
 	Q1	Q2	Q3	Q3 YTD	 	Q1	Q2	Q3	Q3 YTD	Q4	FY 2011	
Cash flow from operating activities	$	160,127	
 	$	252,120	
 	$	298,987	
 	$	711,234	
 	 	$	117,503	
 	$	205,260	
 	$	376,614	
 	$	699,377	
 	$	358,852	
 	$	1,058,229	
 	
Less: Additions to property, plant and equipment	(71,429	)	(74,358	)	(69,329	)	(215,116	)	 	(51,379	)	(72,338	)	(65,000	)	(188,717	)	(83,092	)	(271,809	)	
Free cash flow	$	88,698	
 	$	177,762	
 	$	229,658	
 	$	496,118	
 	 	$	66,124	
 	$	132,922	
 	$	311,614	
 	$	510,660	
 	$	275,760	
 	$	786,420	

Free cash flow as a percentage of earnings from continuing operations	45.1	%	83.5	%	94.8	%	76.1	%	 	37.8	%	55.6	%	139.5	%	80.1	%	132.0	%	92.9	%	
 	 	 	 	 	 	 	 	 	 	 	 	
Free cash flow as a percentage of revenue	4.3	%	8.2	%	10.4	%	7.7	%	 	3.6	%	6.7	%	14.6	%	8.6	%	13.8	%	9.9	%	

Third Quarter 2012 Earnings Conference Call October 17, 2012 - 9:00am CT

 

Forward Looking Statements We want to remind everyone that our comments may contain forward-looking statements that are inherently subject to uncertainties. We caution everyone to be guided in their analysis of Dover Corporation by referring to our Form 10-K for a list of factors that could cause our results to differ from those anticipated in any such forward-looking statements. We would also direct your attention to our internet site, www.dovercorporation.com, where considerably more information can be found. 2

 

$0.40 $0.50 $0.60 $0.70 $0.80 $0.90 $1.00 $1.10 $1.20 $1.30 $1.40 Q1 Q2 Q3* Q4* Q1* Q2* Q3* Q4* Q1 Q2 Q3 Revenue $2.2B 3% $6.4B 8% EPS (cont.) $1.32 11% $3.51 4% Bookings $2.1B 1% $6.4B 6% Seg. Margins 18.0% 100 bps 17.0% -10 bps Organic Rev. 1% 4% Acq. Growth 4% 6% FCF (a) $230M -26% $496M -3% Dover’s Q3 2012 Performance Continuing Earnings Per Share FY $3.65 • Results driven by excellent conversion on modest revenue growth; Europe remains weak, China continues to slow • Solid revenue growth in Energy and Engineered Systems (10% & 8%, respectively) •Revenue declines in Communication Technologies and Printing & Identification driven by challenges at Sound Solutions and weaker electronics markets, respectively •Strong operating margin performance was broad-based •Overall book-to-bill of 0.94 Q3 Q3/Q3 2010 2011 * Includes discrete & other tax benefits of $0.20 EPS in Q3 2010, $0.07 in Q4 2010, $0.04 in Q1 2011, $0.12 in Q2 2011, $0.01 in Q3 2011, $0.05 in Q4 2011 and $0.02 in Q3 2012 FY $4.48 (a) See Press Release filed under Form 8-K for free cash flow reconciliation 3 Quarterly Comments Discrete tax benefits 2012 Adjusted continuing earnings per share YTD YTD/YTD

 

4 Revenue Q3 2012 Communication Technologies Energy Engineered Systems Printing & Identification Total Dover Organic -1% 3% 4% -6% 1% Acquisitions - 8% 7% - 4% Currency -1% -1% -3% -5% -2% Total -2% 10% 8% -11% 3% YTD 2012 Communication Technologies Energy Engineered Systems Printing & Identification Total Dover Organic 3% 13% 6% -8% 4% Acquisitions 14% 5% 5% - 6% Currency -1% -1% -1% -4% -2% Total 16% 17% 10% -12% 8%

 

$674 $674 $370 $358 $362 $396 $539 $562 $212 $218 $0 $300 $600 $900 DCT Q2 DCT Q3 DE Q2 DE Q3 DES Q2 DES Q3 DPI Q2 DPI Q3 $666 $600 $358 $343 $383 $412 $530 $527 $204 $198 $0 $300 $600 $900 DCT Q2 DCT Q3 DE Q2 DE Q3 DES Q2 DES Q3 DPI Q2 DPI Q3 Sequential Results – Q2 12 / Q3 12 Fluid Solutions ↑ 10% ↑ 4% Refrigeration & Industrial ↑ 8% ↓ 1% ↓ 8% ↓ 4% $ in millions 5 Bookings ↑ 1% ↓ 3% Revenue

 

6 Communication Technologies • Modest revenue declines in most served end-markets •Within the handset market, strong MEMs revenue growth offset by lower Sound Solutions volume • Margin gains driven by strong leverage on MEMS volume, and absence of one-time acquisition related costs realized in prior year, partially offset by lower Sound Solutions volume • Bookings growth led by handset markets •Book-to-bill at 1.04 $ in millions Q3 2012 Q3 2011 % Change Revenue $396 $405 -2% Earnings $ 64 $ 53 19% Margin 16.1% 13.2% 290 bps Bookings $412 $411 Flat Quarterly Comments Revenue by End-Market % of Q3 Revenue Y / Y Growth Handsets 38% -2% Life Sciences 16% -1% Aerospace / Industrial 15% 1% Military / Defense 13% -5% Telecom / Other 18% -4%

 

7 Energy • Revenue and earnings growth driven by production and downstream markets; drilling slowing as anticipated •Average NA rig count declined 7% over prior year; oil prices remain supportive of continued investment in production • Operating margin of 24.7% reflects strong execution • Bookings growth driven by recent acquisitions serving the production market • Book-to-bill at 0.94 $ in millions Quarterly Comments Q3 2012 Q3 2011 % Change Revenue $562 $511 10% Earnings $139 $125 11% Margin 24.7% 24.5% 20 bps Bookings $527 $498 6% Revenue by End-Market % of Q3 Revenue Y / Y Growth Drilling 17% -12% Production 56% 20% Downstream 27% 9%

 

8 Engineered Systems • Revenue growth in Refrigeration & Industrial was broad-based; revenue gains in Fluids were driven by recent acquisitions •Results in Fluids continue to be impacted by weak Europe and softer China • Strong margin performance driven by productivity and cost improvements • Bookings impacted by normal seasonality in refrigeration market • Book-to-bill at 0.89 $ in millions Quarterly Comments Q3 2012 Q3 2011 % Change Revenue $892 $823 8% Earnings $144 $126 15% Margin 16.2% 15.2% 100 bps Bookings $798 $777 3% Revenue by End-Market % of Q3 Revenue Y / Y Growth Fluids 24% 26% Refrigeration & Food Equipment 41% 2% Industrial 35% 6%

 

Printing & Identification • Revenue and earnings decline driven by a weaker electronics market, a weak Europe & softer China; Fast moving consumer goods market up 6% organically (ex.impact of FX) • Operating margin decline reflects volume decreases and product mix • Bookings decline most evident in electronics markets •Book-to-bill at 0.96 $ in millions Quarterly Comments Q3 2012 Q3 2011 % Change Revenue $358 $401 -11% Earnings $ 51 $ 59 -14% Margin 14.4% 14.8% -40 bps Bookings $343 $384 -10% 9 Revenue by End-Market % of Q3 Revenue Y / Y Growth Fast Moving Consumer Goods 40% -1% Industrial 24% -10% Electronics 36% -20%

 

Q3 2012 Overview Q3 2012 Net Interest Expense $30.4 million, largely unchanged from last year, in- line with expectations Corporate Expense $32.0 million, down $2 million from last year Effective Tax Rate (ETR) Q3 rate was 27.9%. Higher tax rate was driven by mix of geographic earnings, and included a $0.02 benefit from resolution of discrete tax matters. Capex $69.3 million, in-line with expectations Share Repurchases 4.3 million shares* 10 * Includes 900,000 shares repurchased in Q3 and settled in Q4

 

FY 2012 Guidance – Revenue Growth by Segment 11 2012F Organic Growth 2012F Acquisition Growth (b) Total Communication Technologies ≈ 1% 10% ≈ 11% Energy ≈ 11% ≈ 5% ≈ 16% Engineered Systems ≈ 4% ≈ 5% ≈ 9% Printing & Identification ≈ (9%) - ≈ (9%) Total ≈ 3% (a) ≈ 4% ≈ 7% (b) Includes completed deals only (a) Includes -2% impact from foreign exchange

 

FY 2012 Guidance  Revenue: • Organic revenue : ≈ 3% (inc. -2% FX) • Acquisitions: ≈ 4% • Total revenue: ≈ 7%  Corporate expense: ≈ $138 million  Interest expense: ≈ $120 million  Full-Year Tax Rate: ≈ 27.9%  Capital expenditures: ≈ 3.8% of rev.  FCF for full year: ≈ 10% of revenue 12 2012 EPS from continuing ops: $4.55 – $4.65

 

 2011 EPS – Continuing Ops $4.48 • Less 2011 tax benefits (1): ($0.22)  2011 Adjusted EPS – Continuing Ops $4.26 • Volume, mix, price (inc. FX): $0.24 - $0.30 • Net benefits of productivity: $0.20 - $0.24 • Acquisitions: ($0.14) • Investment / Compensation: ($0.05) • Corporate expense: - • Interest / Shares / Tax Rate (net): $0.01 • Discrete tax benefits $0.03  2012 EPS – Continuing Ops $4.55 - $4.65 2012 EPS Guidance Bridge - Cont. Ops (1) $0.04 in Q1 2011, $0.12 in Q2 2011, $0.01 in Q3 2011 and $0.05 in Q4 2011 13