Dover Reports Record First Quarter 2007 Results

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Dover Reports Record First Quarter 2007 Results

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NEW YORK, April 25 /PRNewswire-FirstCall/ -- Dover Corporation (NYSE: DOV) announced that for the first quarter ended March 31, 2007, it had earnings from continuing operations of $138.8 million or $0.67 diluted earnings per share ("EPS"), compared to $131.3 million or $0.64 EPS from continuing operations in the prior-year period, representing increases of 6% and 5%, respectively. Revenue for the first quarter of 2007 was $1,780.2 million, an increase of 18% over the prior-year period.

Organic revenue growth for the quarter was 3.8%, while growth from acquisitions and foreign currency were 12.0% and 2.1% respectively. Net earnings for the first quarter of 2007 were $128.9 million or $0.63 EPS, including a loss from discontinued operations of $9.9 million or $0.05 EPS, compared to net earnings of $203.8 million or $0.99 EPS for the same period of 2006, which included earnings from discontinued operations of $72.5 million or $0.35 EPS.

Dover will host a Webcast of its first quarter 2007 conference call at 8:00 AM Eastern Time on Wednesday, April 25, 2007. The Webcast can be accessed at the Dover Corporation website at http://www.dovercorporation.com. The conference call will also be made available for replay on the website and additional information on Dover's first quarter 2007 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.

Dover Corporation is a diversified global manufacturer of value-added products and components that serves a variety of industrial and commercial markets including energy, defense, telecommunications, product identification, waste management and refrigeration systems. For over 50 years, Dover has been providing its customers -- now in over 100 countries -- with outstanding products and services that reflect the company's commitment to operational excellence, innovation and market leadership. Today, Dover encompasses more than 39 operating companies with over 33,000 employees in 37 countries around the world. Headquartered in New York, the company generated over $6.5 billion in revenue in 2006. For more information, please visit http://www.dovercorporation.com.

SOURCE:
Dover Corporation - 04/25/2007

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