STATE OF DELAWARE | 1-4018 | 53-0257888 | ||
(State or Other Jurisdiction | (Commission File Number) | (I.R.S. Employer | ||
of Incorporation) | Identification No.) |
280 Park Avenue, New York, NY | 10017 | |
(Address of Principal Executive Offices) | (Zip Code) |
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
o | Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b)) |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
o | 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 | ||||||||
Item 9.01 Financial Statements and Exhibits | ||||||||
SIGNATURES | ||||||||
EXHIBIT INDEX | ||||||||
EX-99.1: SUPPLEMENTAL QUARTERLY FINANCIAL TABLES |
(a) | Not applicable | |
(b) | Not applicable | |
(c) | The following exhibit is filed as part of this report: | |
Supplemental quarterly financial tables reflecting the impact of discontinued operations with respect to each of the quarters of 2004 and 2005, filed as Exhibit 99.1. |
Date: February 9, 2006 | DOVER CORPORATION (Registrant) |
|||
By: | /s/ Joseph W. Schmidt | |||
Joseph W. Schmidt, Vice President, | ||||
General Counsel & Secretary | ||||
Number | Exhibit | |
99.1
|
Supplemental quarterly financial tables reflecting the impact of discontinued operations with respect to each of the quarters of 2004 and 2005 |
2004 | 2005 | |||||||||||||||||||||||||||||||
1 Qtr. | 2 Qtr. | 3 Qtr. | 4 Qtr. | 1 Qtr. | 2 Qtr. | 3 Qtr. | 4 Qtr. | |||||||||||||||||||||||||
Revenue |
$ | 147,356 | $ | 154,382 | $ | 148,273 | $ | 152,436 | $ | 185,057 | $ | 196,969 | $ | 185,051 | $ | 182,006 | ||||||||||||||||
Segment earnings |
18,955 | 18,485 | 16,545 | 15,392 | 20,424 | 22,975 | 23,121 | 20,770 | ||||||||||||||||||||||||
Bookings |
176,705 | 157,935 | 166,871 | 161,717 | 231,308 | 199,741 | 184,191 | 194,965 | ||||||||||||||||||||||||
Backlog |
218,355 | 221,098 | 239,083 | 249,915 | 294,605 | 296,607 | 296,561 | 308,587 | ||||||||||||||||||||||||
Book-to-Bill |
1.20 | 1.02 | 1.13 | 1.06 | 1.25 | 1.01 | 1.00 | 1.07 | ||||||||||||||||||||||||
Operating margin |
12.9 | % | 12.0 | % | 11.2 | % | 10.1 | % | 11.0 | % | 11.7 | % | 12.5 | % | 11.4 | % |
2004 | 2005 | |||||||||||||||||||||||||||||||
1 Qtr. | 2 Qtr. | 3 Qtr. | 4 Qtr. | 1 Qtr. | 2 Qtr. | 3 Qtr. | 4 Qtr. | |||||||||||||||||||||||||
Revenue |
$ | 107,997 | $ | 113,159 | $ | 117,878 | $ | 134,745 | $ | 135,599 | $ | 141,487 | $ | 132,263 | $ | 212,220 | ||||||||||||||||
Segment earnings |
11,021 | 10,383 | 9,179 | 10,516 | 10,335 | 13,172 | 6,284 | 19,520 | ||||||||||||||||||||||||
Bookings |
118,478 | 114,972 | 111,400 | 132,738 | 147,154 | 134,968 | 136,025 | 239,756 | ||||||||||||||||||||||||
Backlog |
83,984 | 87,989 | 97,116 | 98,088 | 110,361 | 103,247 | 116,619 | 173,078 | ||||||||||||||||||||||||
Book-to-Bill |
1.10 | 1.02 | 0.95 | 0.99 | 1.09 | 0.95 | 1.03 | 1.13 | ||||||||||||||||||||||||
Operating margin |
10.2 | % | 9.2 | % | 7.8 | % | 7.8 | % | 7.6 | % | 9.3 | % | 4.8 | % | 9.2 | % |
2004 | 2005 | |||||||||||||||||||||||||||||||
1 Qtr. | 2 Qtr. | 3 Qtr. | 4 Qtr. | 1 Qtr. | 2 Qtr. | 3 Qtr. | 4 Qtr. | |||||||||||||||||||||||||
Revenue |
$ | 181,877 | $ | 193,136 | $ | 195,015 | $ | 203,412 | $ | 201,828 | $ | 218,028 | $ | 213,302 | $ | 214,187 | ||||||||||||||||
Segment earnings |
19,512 | 23,210 | 23,272 | 22,748 | 22,325 | 24,967 | 28,699 | 30,089 | ||||||||||||||||||||||||
Bookings |
214,676 | 199,487 | 192,876 | 196,833 | 206,242 | 216,801 | 221,982 | 230,298 | ||||||||||||||||||||||||
Backlog |
197,793 | 205,807 | 205,335 | 197,126 | 203,573 | 202,311 | 211,132 | 227,079 | ||||||||||||||||||||||||
Book-to-Bill |
1.18 | 1.03 | 0.99 | 0.97 | 1.02 | 0.99 | 1.04 | 1.08 | ||||||||||||||||||||||||
Operating margin |
10.7 | % | 12.0 | % | 11.9 | % | 11.2 | % | 11.1 | % | 11.5 | % | 13.5 | % | 14.0 | % |
2004 | 2005 | |||||||||||||||||||||||||||||||
1 Qtr. | 2 Qtr. | 3 Qtr. | 4 Qtr. | 1 Qtr. | 2 Qtr. | 3 Qtr. | 4 Qtr. | |||||||||||||||||||||||||
Revenue |
$ | 290,322 | $ | 314,640 | $ | 336,691 | $ | 345,934 | $ | 371,261 | $ | 393,845 | $ | 404,176 | $ | 410,030 | ||||||||||||||||
Segment earnings |
47,622 | 55,002 | 52,858 | 50,980 | 63,793 | 66,763 | 66,017 | 67,773 | ||||||||||||||||||||||||
Bookings |
335,553 | 339,118 | 319,815 | 351,251 | 404,634 | 387,635 | 410,102 | 409,252 | ||||||||||||||||||||||||
Backlog |
146,037 | 170,622 | 155,073 | 160,978 | 194,210 | 186,251 | 192,418 | 191,422 | ||||||||||||||||||||||||
Book-to-Bill |
1.16 | 1.08 | 0.95 | 1.02 | 1.09 | 0.98 | 1.01 | 1.00 | ||||||||||||||||||||||||
Operating margin |
16.4 | % | 17.5 | % | 15.7 | % | 14.7 | % | 17.2 | % | 17.0 | % | 16.3 | % | 16.5 | % |
2004 | 2005 | |||||||||||||||||||||||||||||||
1 Qtr. | 2 Qtr. | 3 Qtr. | 4 Qtr. | 1 Qtr. | 2 Qtr. | 3 Qtr. | 4 Qtr. | |||||||||||||||||||||||||
Revenue |
$ | 136,178 | $ | 146,581 | $ | 169,091 | $ | 167,584 | $ | 155,871 | $ | 177,735 | $ | 197,076 | $ | 174,695 | ||||||||||||||||
Segment earnings |
15,501 | 15,941 | 19,095 | 22,942 | 22,037 | 26,910 | 29,221 | 21,920 | ||||||||||||||||||||||||
Bookings |
147,334 | 167,675 | 175,592 | 163,452 | 156,181 | 221,709 | 201,361 | 176,185 | ||||||||||||||||||||||||
Backlog |
100,895 | 121,651 | 128,063 | 124,908 | 125,037 | 170,238 | 172,806 | 174,402 | ||||||||||||||||||||||||
Book-to-Bill |
1.08 | 1.14 | 1.04 | 0.98 | 1.00 | 1.25 | 1.02 | 1.01 | ||||||||||||||||||||||||
Operating margin |
11.4 | % | 10.9 | % | 11.3 | % | 13.7 | % | 14.1 | % | 15.1 | % | 14.8 | % | 12.5 | % |
2004 | 2005 | |||||||||||||||||||||||||||||||
1 Qtr. | 2 Qtr. | 3 Qtr. | 4 Qtr. | 1 Qtr. | 2 Qtr. | 3 Qtr. | 4 Qtr. | |||||||||||||||||||||||||
Revenue |
$ | 315,288 | $ | 388,074 | $ | 412,674 | $ | 353,866 | $ | 336,036 | $ | 399,977 | $ | 426,767 | $ | 423,796 | ||||||||||||||||
Segment earnings |
26,583 | 52,815 | 58,065 | 22,123 | 20,941 | 45,706 | 54,554 | 42,462 | ||||||||||||||||||||||||
Bookings |
363,764 | 413,143 | 348,947 | 327,350 | 378,448 | 419,740 | 392,103 | 442,514 | ||||||||||||||||||||||||
Backlog |
195,420 | 235,485 | 175,797 | 165,746 | 205,430 | 218,277 | 186,291 | 203,255 | ||||||||||||||||||||||||
Book-to-Bill |
1.15 | 1.06 | 0.85 | 0.93 | 1.13 | 1.05 | 0.92 | 1.04 | ||||||||||||||||||||||||
Operating margin |
8.4 | % | 13.6 | % | 14.1 | % | 6.3 | % | 6.2 | % | 11.4 | % | 12.8 | % | 10.0 | % |
(1) | Excludes discontinued operations. |
2004 | 2005 | |||||||||||||||||||||||||||||||
1 Qtr. | 2 Qtr. | 3 Qtr. | 4 Qtr. | 1 Qtr. | 2 Qtr. | 3 Qtr. | 4 Qtr. | |||||||||||||||||||||||||
Net earnings |
||||||||||||||||||||||||||||||||
Continuing operations |
$ | 81,887 | $ | 103,750 | $ | 112,261 | $ | 96,296 | $ | 96,226 | $ | 121,005 | $ | 132,168 | $ | 125,054 | ||||||||||||||||
Discontinued operations |
1,226 | 8,514 | 8,003 | 818 | 1,908 | 52,197 | (9,488 | ) | (8,928 | ) | ||||||||||||||||||||||
Net earnings |
83,113 | 112,264 | 120,264 | 97,114 | 98,134 | 173,202 | 122,680 | 116,126 | ||||||||||||||||||||||||
Basic earnings per common share: |
||||||||||||||||||||||||||||||||
Continuing operations |
$ | 0.40 | $ | 0.51 | $ | 0.55 | $ | 0.47 | $ | 0.47 | $ | 0.60 | $ | 0.65 | $ | 0.62 | ||||||||||||||||
Discontinued operations |
0.01 | 0.04 | 0.04 | | 0.01 | 0.26 | (0.05 | ) | (0.04 | ) | ||||||||||||||||||||||
Net earnings |
0.41 | 0.55 | 0.59 | 0.48 | 0.48 | 0.85 | 0.61 | 0.57 | ||||||||||||||||||||||||
Diluted earnings per common share: |
||||||||||||||||||||||||||||||||
Continuing operations |
$ | 0.40 | $ | 0.51 | $ | 0.55 | $ | 0.47 | $ | 0.47 | $ | 0.59 | $ | 0.65 | $ | 0.61 | ||||||||||||||||
Discontinued operations |
0.01 | 0.04 | 0.04 | | 0.01 | 0.26 | (0.05 | ) | (0.04 | ) | ||||||||||||||||||||||
Net earnings |
0.41 | 0.55 | 0.59 | 0.47 | 0.48 | 0.85 | 0.60 | 0.57 | ||||||||||||||||||||||||
Average Shares |
||||||||||||||||||||||||||||||||
Basic Average Shares |
203,088 | 203,263 | 203,335 | 203,413 | 203,650 | 202,959 | 202,572 | 202,736 | ||||||||||||||||||||||||
Diluted Average Shares |
204,763 | 204,787 | 204,714 | 204,875 | 204,904 | 203,984 | 203,918 | 204,050 |