EXHIBIT 99.1

		READ IT ON THE WEB
CONTACT:
Paul Goldberg		www.dovercorporation.com
Treasurer and Director of Investor Relations
(212) 922-1640		January 31, 2007

DOVER REPORTS RECORD FOURTH QUARTER AND FULL YEAR 2006 RESULTS

New York, New York, January 31, 2007 — Dover Corporation (NYSE: DOV) announced that for the fourth quarter ended December 31, 2006, earnings from continuing operations were $156.1 million or $0.76 diluted earnings per share (“EPS”), compared to $121.6 million or $0.60 EPS in the prior-year period, representing increases of 28% and 27%, respectively. Earnings from continuing operations for the fourth quarter of 2006 included a charge of $0.02 EPS related to stock option expense. Revenue for the fourth quarter of 2006 was $1,714.7 million, an increase of 20% over the prior-year period.

For the year ended December 31, 2006, Dover’s earnings from continuing operations increased 35% to $603.3 million, or $2.94 EPS, compared to the prior year, and included a charge of $0.08 EPS related to stock option expense. Revenue for the year ended December 31, 2006 was $6,511.6 million, an increase of 22% over the prior year.

Dover’s President and Chief Executive Officer, Ronald L. Hoffman, stated: “We are very pleased to report record fourth quarter and full year results. Our organic growth was 14%, we made further progress with our “PerformanceCOUNTS” program and we generated strong operating cash flow of over $880 million, up 57% over the prior year. We also invested a record $1.1 billion in 2006 in new companies, including Paladin and Markem, which are expected to be value creating for many years to come.

“Looking to 2007, we anticipate building upon the successes of 2006 and the progress made through our “PerformanceCOUNTS” program, along with contributions from our acquisitions to deliver another record setting year. As always, we will face challenges as we try to achieve these ambitious goals. We start the year with a good backlog, up 21% over the prior year period, and many of our groups continue to exhibit strength and participate in healthy end-markets, including energy, product identification and heat exchangers. However, given our normal quarterly seasonality pattern, the impact of recent acquisitions, and some near-term softness in end-markets related to construction, foodservice, and electronics, we expect the first quarter to moderate from the 2006 fourth quarter. Thereafter, assuming economic conditions remain positive, we anticipate meaningful improvements in quarterly performance over comparable prior year periods through the balance of the year.”

Net earnings for the fourth quarter of 2006 were $118.5 million or $0.58 EPS, including a loss from discontinued operations of $37.6 million or $0.18 EPS, compared to $116.1 million or $0.57 EPS for the same period in 2005, which included a loss from discontinued operations of $5.5 million or $0.03 EPS. Full year 2006 net earnings were $561.8 million or $2.73 EPS, including a loss from discontinued operations of $41.5 million or $0.20 EPS, compared to $510.1 million or $2.50 EPS in the prior year, which included earnings from discontinued operations of $63.9 million or $0.31 EPS.

2

Acquisitions and Divestitures

During the fourth quarter of 2006, the Company acquired three companies: Markem in the Technologies segment Product Identification group, and two small add-ons in the Resources segment, for a total purchase price of $605 million. It also discontinued three small businesses in the Diversified segment, completed the sales of five companies and adjusted the carrying value of other previously discontinued businesses resulting in an after-tax loss of $37.4 million, or $0.18 EPS. The three businesses discontinued in the fourth quarter had a negligible impact on operating results. At year end 2006, six business units were being held for sale. Current year acquisitions, which totaled $1.1 billion, were primarily funded by cash from operations and proceeds from dispositions.

Growth Factors

										2006
Revenue Growth		Q1				Q2				Q3				Q4				YTD
Organic			16.8	%			16.8	%			10.5	%			9.6	%			13.8	%
Acquisitions			8.3	%			7.8	%			9.4	%			8.3	%			7.8	%
Currency translation			-1.9	%			-0.2	%			1.4	%			1.9	%			0.5	%
			23.2	%			24.4	%			21.3	%			19.8	%			22.1	%

Cash Flow

The following table is a reconciliation of free cash flow with cash flows from operating activities.

		Three Months Ended December 31,								Twelve Months Ended December 31,
Free Cash Flow (in thousands)		2006				2005				2006				2005
Cash flow provided by operating activities		$	291,677			$	243,441			$	884,264			$	564,852
Less: Capital expenditures			(57,637	)			(42,992	)			(194,735	)			(130,492	)
Free cash flow		$	234,040			$	200,449			$	689,529			$	434,360
Free cash flow as a percentage of revenue			13.6	%			14.0	%			10.6	%			8.1	%

The full year increase reflects higher earnings from continuing operations before depreciation and amortization, and lower tax payments, partially offset by higher capital expenditures. In addition, adjusted working capital (calculated as accounts receivable, plus inventory, less accounts payable) increased from the prior year end by $262.3 million as a result of acquisitions, foreign exchange translation and the Company’s organic growth. Excluding acquisitions and the effects of foreign exchange translation, working capital increased $41.3 million. Working capital as a percentage of revenue decreased to 18.9% from 20.7% at year end 2005.

Capitalization

The following table provides a summary reconciliation of total debt and net debt to total capitalization to the most directly comparable GAAP measures:

		At December 31,				At December 31,
Net Debt to Total Capitalization Ratio (in thousands)		2006				2005
Current maturities of long-term debt		$	32,267			$	1,201
Commercial paper and other short-term debt			258,282				192,961
Long-term debt			1,480,491				1,344,173
Total debt			1,771,040				1,538,335
Less: Cash and cash equivalents			373,616				185,832
Net debt			1,397,424				1,352,503
Add: Stockholders’ equity			3,811,022				3,329,523
Total capitalization		$	5,208,446			$	4,682,026
Net debt to total capitalization			26.8	%			28.9	%

3

Net debt at December 31, 2006 remained relatively flat as a result of the increase in cash flow from operations and cash proceeds generated from the sales of discontinued businesses that funded Dover’s acquisition program. The percentage decrease in net debt to total capital, after record acquisition spending, reflects strong operational free cash flow and proceeds from dispositions of $446.0 million.

Tax Rate

The 2006 fourth quarter effective tax rate for continuing operations was 22.6%, which reflected the effect of the full year retroactive extension of the U.S. Federal research credit and a favorable mix of foreign earnings in low-taxed overseas jurisdictions. The 2005 fourth quarter tax rate for continuing operations was 25.6%, which included benefits related to the settlement of certain U.S. federal and state tax issues.

The 2006 tax rate for continuing operations was 26.7%, reflecting the same factors that impacted the fourth quarter rate, as well as a lower relative United States federal tax exclusion for foreign sales in 2006. The 2005 tax rate for continuing operations of 26.5% included a $9.5 million provision related to the repatriation of $373.7 million of dividends and a $25.5 million benefit primarily related to the resolution of U.S. tax issues and a $5.5 million benefit related to a favorable federal tax court decision. Excluding the repatriation provision, the full year 2005 tax rate for continuing operations was 24.9%.

Dover will host a webcast of its fourth quarter 2006 conference call at 8:00 AM Eastern Time on Wednesday January 31, 2007. 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.

Dover Corporation makes information available to the public, orally and in writing, which may use words like “anticipates,” “expects,” “believes,” “indicates,” “suggests,” “will,” “plans” and “should,” which are “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. This press release contains forward-looking statements concerning future events and the performance of Dover Corporation that involve inherent risks and uncertainties that could cause actual results to differ materially from current expectations, including, but not limited to, failure to achieve expected synergies, the impact of continued events in the Middle East on the worldwide economy, economic conditions, increases in the cost of raw materials, changes in customer demand, increased competition in the markets served by Dover Corporation’s operating companies, the impact of natural disasters, such as hurricanes, and their effect on global energy markets and other risks. 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.

TABLES FOLLOW

DOVER CORPORATION
SUMMARY SEGMENT RESULTS

Diversified

		Three Months Ended December 31,												Twelve Months Ended December 31,
(in thousands)		2006				2005				% Change				2006				2005				% Change
Revenue		$	190,336			$	176,260				8	%		$	778,125			$	722,054				8	%
Segment earnings			19,779				21,038				-6	%			90,055				87,617				3	%
Operating margin			10.4	%			11.9	%							11.6	%			12.1	%
Bookings			213,243				189,216				13	%			830,756				785,983				6	%
Book-to-Bill			1.12				1.07								1.07				1.09
Backlog															358,385				304,781				18	%
Electronics
Revenue		$	232,969			$	194,582				20	%		$	880,685			$	546,043				61	%
Segment earnings			37,191				20,194				84	%			119,425				46,888				155	%
Operating margin			16.0	%			10.4	%							13.6	%			8.6	%
Bookings			213,374				213,304				—				888,244				571,983				55	%
Book-to-Bill			0.92				1.10								1.01				1.05
Backlog															150,143				141,102				6	%
Industries
Revenue		$	231,197			$	207,267				12	%		$	876,494			$	817,947				7	%
Segment earnings			35,057				29,764				18	%			123,982				104,282				19	%
Operating margin			15.2	%			14.4	%							14.1	%			12.7	%
Bookings			236,523				224,942				5	%			939,149				846,258				11	%
Book-to-Bill			1.02				1.09								1.07				1.03
Backlog															288,835				222,793				30	%
Resources
Revenue		$	517,135			$	395,247				31	%		$	1,841,491			$	1,518,939				21	%
Segment earnings			75,971				67,302				13	%			316,328				260,671				21	%
Operating margin			14.7	%			17.0	%							17.2	%			17.2	%
Bookings			505,186				393,148				28	%			1,873,241				1,550,000				21	%
Book-to-Bill			0.98				0.99								1.02				1.02
Backlog															237,987				167,561				42	%
Systems
Revenue		$	201,902			$	174,695				16	%		$	834,854			$	705,377				18	%
Segment earnings			23,880				21,920				9	%			114,113				100,088				14	%
Operating margin			11.8	%			12.5	%							13.7	%			14.2	%
Bookings			171,112				176,185				-3	%			841,913				755,436				11	%
Book-to-Bill			0.85				1.01								1.01				1.07
Backlog															181,530				174,402				4	%
Technologies
Revenue		$	344,469			$	287,151				20	%		$	1,313,546			$	1,033,853				27	%
Segment earnings			46,075				39,498				17	%			206,728				134,963				53	%
Operating margin			13.4	%			13.8	%							15.7	%			13.1	%
Bookings			325,609				288,104				13	%			1,297,719				1,058,873				23	%
Book-to-Bill			0.95				1.00								0.99				1.02
Backlog															125,929				102,207				23	%

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

		2005																				2006
		Q1				Q2				Q3				Q4				YTD				Q1				Q2				Q3				Q4				YTD
REVENUE
Diversified		$	177,342			$	189,399			$	179,053			$	176,260			$	722,054			$	193,676			$	202,358			$	191,755			$	190,336			$	778,125
Electronics			116,980				121,700				112,781				194,582				546,043				199,496				222,751				225,469				232,969				880,685
Industries			193,956				210,450				206,274				207,267				817,947				208,572				215,338				221,387				231,197				876,494
Resources			356,308				377,135				390,249				395,247				1,518,939				425,162				435,341				463,853				517,135				1,841,491
Systems			155,871				177,735				197,076				174,695				705,377				181,285				234,124				217,543				201,902				834,854
Technologies			219,085				252,005				275,612				287,151				1,033,853				294,942				343,367				330,768				344,469				1,313,546
Intramarket eliminations			(2,401	)			(2,676	)			(2,446	)			(3,352	)			(10,875	)			(3,091	)			(3,672	)			(3,453	)			(3,356	)			(13,572	)
Total consolidated revenue		$	1,217,141			$	1,325,748			$	1,358,599			$	1,431,850			$	5,333,338			$	1,500,042			$	1,649,607			$	1,647,322			$	1,714,652			$	6,511,623
NET EARNINGS
Segment Earnings:
Diversified		$	20,546			$	22,590			$	23,443			$	21,038			$	87,617			$	22,584			$	23,384			$	24,308			$	19,779			$	90,055
Electronics			9,227				12,259				5,208				20,194				46,888				20,754				29,862				31,618				37,191				119,425
Industries			21,920				24,418				28,180				29,764				104,282				27,328				30,208				31,389				35,057				123,982
Resources			62,747				65,545				65,077				67,302				260,671				82,797				80,919				76,641				75,971				316,328
Systems			22,037				26,910				29,221				21,920				100,088				26,972				38,341				24,920				23,880				114,113
Technologies			17,590				33,284				44,591				39,498				134,963				47,712				60,684				52,257				46,075				206,728
Total segments			154,067				185,006				195,720				199,716				734,509				228,147				263,398				241,133				237,953				970,631
Corporate expense / other			(15,229	)			(14,753	)			(13,414	)			(11,549	)			(54,945	)			(18,559	)			(18,692	)			(16,352	)			(17,174	)			(70,777	)
Net interest expense			(16,118	)			(15,230	)			(16,257	)			(24,626	)			(72,231	)			(21,486	)			(19,247	)			(17,183	)			(19,068	)			(76,984	)
Earnings from continuing operations before provision for income taxes			122,720				155,023				166,049				163,541				607,333				188,102				225,459				207,597				201,711				822,869
Provision for income taxes			30,757				45,667				42,817				41,897				161,138				56,812				66,699				50,454				45,576				219,541
Earnings from continuing operations			91,963				109,356				123,232				121,644				446,195				131,290				158,760				157,143				156,135				603,328
Earnings (loss) from discontinued operations, net			6,172				63,845				(552	)			(5,518	)			63,947				72,538				(86,850	)			10,381				(37,615	)			(41,546	)
Net earnings		$	98,135			$	173,201			$	122,680			$	116,126			$	510,142			$	203,828			$	71,910			$	167,524			$	118,520			$	561,782
SEGMENT OPERATING MARGIN
Diversified			11.6	%			11.9	%			13.1	%			11.9	%			12.1	%			11.7	%			11.6	%			12.7	%			10.4	%			11.6	%
Electronics			7.9	%			10.1	%			4.6	%			10.4	%			8.6	%			10.4	%			13.4	%			14.0	%			16.0	%			13.6	%
Industries			11.3	%			11.6	%			13.7	%			14.4	%			12.7	%			13.1	%			14.0	%			14.2	%			15.2	%			14.1	%
Resources			17.6	%			17.4	%			16.7	%			17.0	%			17.2	%			19.5	%			18.6	%			16.5	%			14.7	%			17.2	%
Systems			14.1	%			15.1	%			14.8	%			12.5	%			14.2	%			14.9	%			16.4	%			11.5	%			11.8	%			13.7	%
Technologies			8.0	%			13.2	%			16.2	%			13.8	%			13.1	%			16.2	%			17.7	%			15.8	%			13.4	%			15.7	%

QUARTERLY EPS (unaudited) (in thousands)

		2005																2006
		1 Qtr.				2 Qtr.				3 Qtr.				4 Qtr.				1 Qtr.				2 Qtr.				3 Qtr.				4 Qtr.
Basic earnings (loss) per common share:
Continuing operations		$	0.45			$	0.54			$	0.61			$	0.60			$	0.65			$	0.78			$	0.77			$	0.76
Discontinued operations			0.03				0.31				—				(0.03	)			0.36				(0.43	)			0.05				(0.18	)
Net earnings			0.48				0.85				0.61				0.57				1.00				0.35				0.82				0.58
Diluted earnings (loss) per common share:
Continuing operations		$	0.45			$	0.54			$	0.60			$	0.60			$	0.64			$	0.77			$	0.77			$	0.76
Discontinued operations			0.03				0.31				—				(0.03	)			0.35				(0.42	)			0.05				(0.18	)
Net earnings			0.48				0.85				0.60				0.57				0.99				0.35				0.82				0.58

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

		2005																				2006
																		Q4																				Q4
		Q1				Q2				Q3				Q4				YTD				Q1				Q2				Q3				Q4				YTD
BOOKINGS
Diversified		$	224,032			$	194,091			$	178,644			$	189,216			$	785,983			$	208,245			$	210,061			$	199,207			$	213,243			$	830,756
Electronics			122,961				117,234				118,484				213,304				571,983				223,559				219,784				231,527				213,374				888,244
Industries			196,456				209,887				214,973				224,942				846,258				219,424				232,185				251,017				236,523				939,149
Resources			387,121				375,164				394,567				393,148				1,550,000				454,669				441,761				471,625				505,186				1,873,241
Systems			156,182				221,709				201,360				176,185				755,436				231,036				229,633				210,132				171,112				841,913
Technologies			233,611				275,436				261,722				288,104				1,058,873				339,124				325,101				307,885				325,609				1,297,719
BOOK-TO-BILL
Diversified			1.26				1.02				1.00				1.07				1.09				1.08				1.04				1.04				1.12				1.07
Electronics			1.05				0.96				1.05				1.10				1.05				1.12				0.99				1.03				0.92				1.01
Industries			1.01				1.00				1.04				1.09				1.03				1.05				1.08				1.13				1.02				1.07
Resources			1.09				0.99				1.01				0.99				1.02				1.07				1.01				1.02				0.98				1.02
Systems			1.00				1.25				1.02				1.01				1.07				1.27				0.98				0.97				0.85				1.01
Technologies			1.07				1.09				0.95				1.00				1.02				1.15				0.95				0.93				0.95				0.99
BACKLOG
Diversified		$	287,663			$	292,288			$	292,557			$	304,781				—			$	317,750			$	323,567			$	334,638			$	358,385				—
Electronics			83,269				78,197				93,459				141,102				—				165,253				163,182				169,151				150,143				—
Industries			197,043				196,445				205,286				222,793				—				234,174				251,301				282,234				288,835				—
Resources			167,810				165,087				169,580				167,561				—				196,379				203,757				249,040				237,987				—
Systems			125,037				170,238				172,806				174,402				—				223,843				218,360				211,939				181,530				—
Technologies			90,426				109,210				102,232				102,207				—				147,984				141,526				123,416				125,929				—

7

DOVER CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(unaudited) (in thousands, except per share figures)

		Three Months Ended December 31,								Twelve Months Ended December 31,
		2006				2005				2006				2005
Revenue		$	1,714,652			$	1,431,850			$	6,511,623			$	5,333,338
Cost of goods and services			1,111,324				932,188				4,163,581				3,454,634
Gross profit			603,328				499,662				2,348,042				1,878,704
Selling and administrative expenses			380,148				314,410				1,436,237				1,211,461
Operating earnings			223,180				185,252				911,805				667,243
Interest expense, net			19,068				24,626				76,984				72,231
Other expense (income), net			2,401				(2,915	)			11,952				(12,321	)
Total interest/other expense, net			21,469				21,711				88,936				59,910
Earnings before provision for income taxes and discontinued operations			201,711				163,541				822,869				607,333
Provision for income taxes			45,576				41,897				219,541				161,138
Earnings from continuing operations			156,135				121,644				603,328				446,195
Earnings (loss) from discontinued operations, net			(37,615	)			(5,518	)			(41,546	)			63,947
Net earnings		$	118,520			$	116,126			$	561,782			$	510,142
Basic earnings (loss) per common share:
Earnings from continuing operations		$	0.76			$	0.60			$	2.96			$	2.20
Earnings (loss) from discontinued operations			(0.18	)			(0.03	)			(0.20	)			0.32
Net earnings			0.58				0.57				2.76				2.51
Weighted average shares outstanding			204,182				202,736				203,773				202,979
Diluted earnings (loss) per common share:
Earnings from continuing operations		$	0.76			$	0.60			$	2.94			$	2.19
Earnings (loss) from discontinued operations			(0.18	)			(0.03	)			(0.20	)			0.31
Net earnings			0.58				0.57				2.73				2.50
Weighted average shares outstanding			205,978				204,050				205,497				204,177
Dividends paid per common share		$	0.19			$	0.17			$	0.72			$	0.66
The following table is a reconciliation of the share amounts used in computing earnings per share:
		Three Months Ended December 31,								Twelve Months Ended December 31,
		2006				2005				2006				2005
Weighted average shares outstanding — Basic			204,182				202,736				203,773				202,979
Dilutive effect of assumed exercise of employee stock options			1,796				1,314				1,724				1,198
Weighted average shares outstanding — Diluted			205,978				204,050				205,497				204,177
Anti-dilutive shares excluded from diluted EPS computation			—				3,640				1,716				4,339

DOVER CORPORATION
CONDENSED BALANCE SHEET AND STATEMENT OF CASH FLOWS
(unaudited) (in thousands)

		At December 31,				At December 31,
		2006				2005
BALANCE SHEET
Assets:
Cash and cash equivalents		$	373,616			$	185,832
Receivables, net of allowances for doubtful accounts			1,056,828				850,084
Inventories			709,647				573,265
Deferred tax and other current assets			131,415				96,597
Property, plant and equipment, net			856,799				706,744
Goodwill			3,201,983				2,555,596
Intangibles, net			1,065,382				696,267
Other assets			123,045				239,367
Assets of discontinued operations			107,943				676,740
		$	7,626,658			$	6,580,492
Liabilities & Stockholders’ Equity:
Short-term debt		$	290,549			$	194,162
Payables and accrued expenses			996,711				815,497
Taxes payable and other deferrals			916,599				684,424
Long-term debt			1,480,491				1,344,173
Liabilities of discontinued operations			131,286				212,713
Stockholders’ equity			3,811,022				3,329,523
		$	7,626,658			$	6,580,492

		Twelve Months Ended December 31,
		2006				2005
CASH FLOWS
Operating activities:
Net earnings		$	561,782			$	510,142
Loss (earnings) from discontinued operations, net of tax			41,546				(63,947	)
Depreciation and amortization			201,501				155,047
Stock-based compensation			26,396				—
Contributions to defined benefit pension plan			(3,004	)			(19,709	)
Net change in assets and liabilities			56,043				(16,681	)
Net cash provided by operating activities			884,264				564,852
Investing activities:
Proceeds from the sale of property and equipment			19,017				11,807
Additions to property, plant and equipment			(194,735	)			(130,492	)
Proceeds from sale of discontinued business			445,905				159,278
Acquisitions (net of cash and cash equivalents acquired)			(1,116,780	)			(1,089,650	)
Net cash used in investing activities			(846,593	)			(1,049,057	)
Financing activities:
Increase in debt, net			228,107				441,226
Cash dividends to stockholders			(144,799	)			(133,913	)
Purchase of treasury stock			(48,329	)			(51,929	)
Proceeds from exercise of stock options			93,311				19,220
Net cash provided by financing activities			128,290				274,604
Effect of exchange rate changes on cash			19,816				(17,234	)
Net cash provided by discontinued operations			2,007				102,849
Net increase (decrease) in cash and equivalents			187,784				(123,986	)
Cash and cash equivalents at beginning of period			185,832				309,818
Cash and cash equivalents at end of period		$	373,616			$	185,832