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): September 17, 2007

DOVER CORPORATION

(Exact Name of Registrant as Specified in Charter)

STATE OF DELAWARE (State or other Jurisdiction of Incorporation)		1-4018 (Commission File Number)		53-0257888 (I.R.S. Employer Identification No.)
280 Park Avenue, New York, NY (Address of Principal Executive Offices)				10017 (Zip Code)

(212) 922-1640
(Registrant’s telephone number, including area code)

Not Applicable
(Former Name or Former address, if Changed Since Last Report)

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:

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 8.01 Other Information.

On September 17, 2007, Dover Corporation (the “Company”) announced that, effective as of the Company’s third quarter 2007 financial results, it has realigned its operating companies into four business segments highlighting broad end markets served and six focused market platforms as follows:

INDUSTRIAL PRODUCTS:
Material Handling
Mobile Equipment

ENGINEERED SYSTEMS:
Engineered Products
Product Identification

FLUID MANAGEMENT:
Energy
Fluid Solutions

ELECTRONIC TECHNOLOGIES

Attached hereto as Exhibit 99.1 is the Company’s press release dated September 17, 2007, announcing the realignment.

Annual unaudited financial information for the years 2004 to 2006 and quarterly unaudited financial information for the years 2006 and 2007 reflecting the Company’s four reporting business segments is attached hereto as Exhibit 99.2.

Item 9.01. Financial Statements and Exhibits.

The following exhibits are filed as part of this report.

99.1		Press Release of Dover Corporation, dated September 17, 2007
99.2		Annual unaudited financial information for the years 2004 to 2006 and quarterly unaudited financial information for the years 2006 and 2007 reflecting the Company’s four reporting business segment structure

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.

EXHIBIT INDEX

Exhibit No.		Description
99.1		Press Release of Dover Corporation, dated September 17, 2007
99.2		Annual unaudited financial information for the years 2004 to 2006 and quarterly unaudited financial information for the years 2006 and 2007 reflecting the Company’s four reporting business segment structure

Exhibit 99.1

CONTACT:		READ IT ON THE WEB
Paul Goldberg		http://www.dovercorporation.com
Director of Investor Relations
(212) 922-1640

DOVER CORPORATION ANNOUNCES NEW STRUCTURE TO ENHANCE FUTURE PERFORMANCE

Operating Companies Grouped By End Markets
Three Year Historical Data Attached

New York, NY (September 17, 2007): Dover Corporation (NYSE: DOV) today announced that, effective for Dover’s third quarter 2007 financial results, it has realigned its operating companies into four business segments highlighting broad end markets served and six focused market platforms, as follows:

INDUSTRIAL PRODUCTS: (LTM Revenue $2.1 billion)
Material Handling
Mobile Equipment

ENGINEERED SYSTEMS: (LTM Revenue $1.9 billion)
Engineered Products
Product Identification

FLUID MANAGEMENT: (LTM Revenue $1.4 billion)
Energy
Fluid Solutions

ELECTRONIC TECHNOLOGIES: (LTM Revenue $1.4 billion)

Commenting on this announcement, Ronald L. Hoffman, Dover’s President and Chief Executive Officer, said: “This new structure is the logical extension of the strategic portfolio review we initiated in 2005 and accomplishes several important objectives. First, it groups our companies into four more defined market segments. Second, this structure enhances the sharing of best practices as well as identifying and capturing synergy opportunities. Third, it provides increased direction for our acquisition program, focusing on the segment end markets. Fourth, it creates additional leadership opportunities to develop the executive talent needed to drive Dover’s future progress. Last, it provides shareholders and the financial community with greater clarity, simplicity and insight into the strategic business segments and operating platforms of Dover.

“We are very proud of the progress and improvements we have made over the last several years. We are now focused on companies that have higher growth, higher profit potential and less volatility. We have directed our acquisition program toward larger companies, which we expect will enhance the growth of our core business segments while maintaining our successful

and synergistic add-on acquisition program. Equally important, we initiated the PerformanceCOUNTS program, which incorporates world-class metrics to drive significant operational improvements. The combination of these actions has resulted in a 47% increase in revenues and a 68% improvement in earnings per share for the two-year period ending December 2006. The new organization will act as a catalyst for further improvements throughout Dover while at the same time enhancing Dover’s strong operating culture,” Hoffman concluded.

Dover has restated its financials for the past three years and its 2006 and 2007 quarterly results to reflect the new structure. As part of this realignment process, Dover discontinued two businesses, Crenlo and Graphics Microsystems, whose results are now included in discontinued operations. The discontinuance of these two entities resulted in a reduction of diluted EPS from continuing operations of $.06 in 2006 and $.03 for the first six months of 2007. In addition to the customary segment data, the Company intends to provide revenue and bookings data as well as market commentary on a platform basis in future earnings releases.

Dover Corporation, with over $7 billion in annualized revenues, is a global portfolio of manufacturing companies providing innovative equipment, specialty systems and support services for a variety of applications in the industrial products, engineered systems, fluid management and electronic technologies markets. Please visit www.dovercorporation.com for further information. Restated financial data can be found on the Company website and in the Company’s Form 8-K filed after this release.

Statements in this release may be “forward-looking”, which involve risks and uncertainties. Such forward-looking information includes, among other things, statements regarding the company’s financial condition and the expected benefits of the company’s new operational structure. The company’s operations are subject to various additional risks and uncertainties, including economic and currency conditions, market demand, pricing, and competitive and technological factors, among others, as set forth more fully in the company’s SEC filings.

Exhibit 99.2

DOVER CORPORATION
REVENUE, EARNINGS & OTHER DATA BY SEGMENT
(unaudited) (in thousands)

(in thousands)			For the Years Ended December 31,
		2006				2005				2004
REVENUE
Industrial Products		$	1,926,289			$	1,729,949			$	1,501,900
Engineered Systems			1,674,163				1,404,792				1,160,401
Fluid Management			1,329,603				1,068,048				835,002
Electronic Technologies			1,411,564				941,416				822,280
Intramarket eliminations			(12,340	)			(9,377	)			(7,987	)
Total consolidated revenue		$	6,329,279			$	5,134,828			$	4,311,596
EARNINGS FROM CONTINUING OPERATIONS
Segment Earnings:
Industrial Products		$	251,228			$	233,860			$	207,019
Engineered Systems			241,730				205,494				168,857
Fluid Management			267,377				198,344				146,438
Electronic Technologies			214,947				88,022				84,238
Total segments			975,282				725,720				606,552
Corporate expense / other (1)			(88,805	)			(65,042	)			(67,798	)
Net interest expense			(76,984	)			(72,243	)			(61,142	)
Earnings from continuing operations before provision for income taxes and discontinued operations			809,493				588,435				477,612
Provision for taxes			217,038				155,933				126,094
Earnings from continuing operations — total consolidated		$	592,455			$	432,502			$	351,518
OPERATING MARGINS (pre-tax)
Segments:
Industrial Products			13.0	%			13.5	%			13.8	%
Engineered Systems			14.4	%			14.6	%			14.6	%
Fluid Management			20.1	%			18.6	%			17.5	%
Electronic Technologies			15.2	%			9.3	%			10.2	%
Total Segment			15.4	%			14.1	%			14.1	%
Earnings from continuing operations			12.8	%			11.5	%			11.1	%

		2006				2005				2004
TOTAL ASSETS AT DECEMBER 31:
Industrial Products		$	1,956,419			$	1,521,915			$	1,459,780
Engineered Systems			1,977,348				1,062,406				1,066,983
Fluid Management			1,078,071				1,027,757				835,362
Electronic Technologies			1,879,673				1,842,326				989,826
Corporate (principally cash and equivalents and marketable securities)			495,046				311,060				391,904
Total continuing assets			7,386,557				5,765,464				4,743,855
Assets from discontinued operations			240,101				815,028				1,033,998
Consolidated total		$	7,626,658			$	6,580,492				5,777,853

		For the Years Ended December 31,
		2006				2005				2004
DEPRECIATION and AMORTIZATION (continuing)
Industrial Products		$	49,292			$	41,306			$	43,179
Engineered Systems			37,971				31,499				25,444
Fluid Management			38,882				31,924				25,046
Electronic Technologies			68,248				42,586				33,089
Corporate			1,240				1,224				1,176
Consolidated total		$	195,633			$	148,539			$	127,934
CAPITAL EXPENDITURES (continuing)
Industrial Products		$	39,000			$	31,866			$	25,810
Engineered Systems			42,148				27,130				21,208
Fluid Management			53,302				30,861				16,429
Electronic Technologies			55,583				33,899				18,526
Corporate			700				2,639				320
Consolidated total		$	190,733			$	126,395			$	82,293

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

		2006																				2007
																														Q2
		Q1				Q2				Q3				Q4				FY 2006				Q1				Q2				YTD
REVENUE
Industrial Products
Material Handling		$	155,581			$	157,101			$	175,408			$	218,409			$	706,499			$	243,344			$	251,679			$	495,023
Mobile Equipment			296,492				305,684				307,310				311,232				1,220,718				307,758				315,394				623,152
Eliminations			(187	)			(263	)			(259	)			(219	)			(928	)			(219	)			(220	)			(439	)
			451,886				462,522				482,459				529,422				1,926,289				550,883				566,853				1,117,736
Engineered Systems
Product Identification			114,731				137,040				143,482				173,048				568,301				206,625				224,353				430,978
Engineered Products			239,045				303,325				286,792				276,700				1,105,862				285,108				311,178				596,286
			353,776				440,365				430,274				449,748				1,674,163				491,733				535,531				1,027,264
Fluid Management
Energy			158,495				164,768				178,054				182,861				684,178				189,367				188,690				378,057
Fluid Solutions			157,455				161,434				159,478				167,032				645,399				169,669				174,579				344,248
Eliminations			66				(17	)			(20	)			(3	)			26				(40	)			(24	)			(64	)
			316,016				326,185				337,512				349,890				1,329,603				358,996				363,245				722,241
Electronic Technologies			330,019				370,236				358,137				353,172				1,411,564				321,173				340,717				661,890
Intramarket eliminations			(2,850	)			(3,296	)			(3,135	)			(3,059	)			(12,340	)			(3,437	)			(3,455	)			(6,892	)
Total consolidated revenue		$	1,448,847			$	1,596,012			$	1,605,247			$	1,679,173			$	6,329,279			$	1,719,348			$	1,802,891			$	3,522,239
NET EARNINGS
Segment Earnings:
Industrial Products		$	62,985			$	65,177			$	61,858			$	61,208			$	251,228			$	70,148			$	85,077			$	155,225
Engineered Systems			49,995				73,789				62,905				55,041				241,730				50,944				77,318				128,262
Fluid Management			67,072				66,732				67,297				66,276				267,377				73,842				73,283				147,125
Electronic Technologies			47,742				60,872				52,658				53,675				214,947				36,949				45,354				82,303
Total Segments			227,794				266,570				244,718				236,200				975,282				231,883				281,032				512,915
Corporate expense / other (1)			(22,563	)			(27,824	)			(21,807	)			(16,611	)			(88,805	)			(22,393	)			(23,106	)			(45,499	)
Net interest expense			(21,484	)			(19,248	)			(17,184	)			(19,068	)			(76,984	)			(21,838	)			(22,449	)			(44,287	)
Earnings from continuing operations before provision for income taxes			183,747				219,498				205,727				200,521				809,493				187,652				235,477				423,129
Provision for income taxes			55,616				65,025				50,439				45,958				217,038				53,161				63,510				116,671
Earnings from continuing operations			128,131				154,473				155,288				154,563				592,455				134,491				171,967				306,458
Earnings (loss) from discontinued operations, net			75,695				(82,562	)			12,237				(36,043	)			(30,673	)			(5,560	)			227				(5,333	)
Net earnings		$	203,826			$	71,911			$	167,525			$	118,520			$	561,782			$	128,931			$	172,194			$	301,125
SEGMENT OPERATING MARGIN
Industrial Products			13.9	%			14.1	%			12.8	%			11.6	%			13.0	%			12.7	%			15.0	%			13.9	%
Engineered Systems			14.1	%			16.8	%			14.6	%			12.2	%			14.4	%			10.4	%			14.4	%			12.5	%
Fluid Management			21.2	%			20.5	%			19.9	%			18.9	%			20.1	%			20.6	%			20.2	%			20.4	%
Electronic Technologies			14.5	%			16.4	%			14.7	%			15.2	%			15.2	%			11.5	%			13.3	%			12.4	%
Total Segment			15.7	%			16.7	%			15.2	%			14.1	%			15.4	%			13.5	%			15.6	%			14.6	%

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

		2006																				2007
																														Q2
		Q1				Q2				Q3				Q4				FY 2006				Q1				Q2				YTD
BOOKINGS
Industrial Products
Material Handling		$	176,965			$	156,684			$	170,758			$	208,163			$	712,570			$	259,039			$	246,416			$	505,455
Mobile Equipment			302,838				311,496				325,345				311,417				1,251,096				374,845				353,122				727,967
Eliminations			(404	)			(426	)			(1,589	)			(380	)			(2,799	)			(438	)			(445	)			(883	)
		$	479,399			$	467,754			$	494,514			$	519,200			$	1,960,867			$	633,446			$	599,093			$	1,232,539
Engineered Systems
Product Identification		$	122,201			$	130,013			$	145,929			$	163,953			$	562,096			$	215,596			$	219,111			$	434,707
Engineered Products			295,712				305,753				290,647				275,653				1,167,765				322,940				344,559				667,499
		$	417,913			$	435,766			$	436,576			$	439,606			$	1,729,861			$	538,536			$	563,670			$	1,102,206
Fluid Management
Energy			170,191				166,628				186,444				170,664				693,927				200,010				187,502				387,512
Fluid Solutions			160,388				167,631				158,783				167,130				653,932				171,944				180,964				352,908
Eliminations			(21	)			(11	)			(20	)			(32	)			(84	)			(15	)			(16	)			(31	)
		$	330,558			$	334,248			$	345,207			$	337,762			$	1,347,775			$	371,939			$	368,450			$	740,389
Electronic Technologies		$	382,817			$	364,096			$	340,645			$	322,485			$	1,410,043			$	311,840			$	354,858			$	666,698
BACKLOG
Industrial Products
Material Handling		$	130,621			$	130,402			$	156,112			$	146,614							$	161,991			$	157,945
Mobile Equipment			369,013				385,745				417,467				429,191								501,591				541,683
Eliminations			(6	)			(5	)			(147	)			(165	)							(207	)			(236	)
		$	499,628			$	516,142			$	573,432			$	575,640							$	663,375			$	699,392
Engineered Systems
Product Identification		$	42,912			$	43,733			$	48,042			$	57,706							$	66,875			$	62,216
Engineered Products			250,996				252,512				256,306				256,200								286,313				327,088
		$	293,908			$	296,245			$	304,348			$	313,906							$	353,188			$	389,304
Fluid Management
Energy		$	67,711			$	68,139			$	88,161			$	75,449							$	88,392			$	89,044
Fluid Solutions			56,154				62,481				61,794				63,565								65,683				72,028
Eliminations			(9	)			(4	)			(3	)			(33	)							(8	)			—
		$	123,856			$	130,616			$	149,952			$	138,981							$	154,067			$	161,072
Electronic Technologies		$	243,480			$	242,205			$	227,528			$	200,048							$	229,010			$	243,996
ACQUISITION PREMIUM EXPENSE INCLUDING DEPRECIATION AND AMORTIZATION
Industrial Products		$	3,718			$	3,542			$	6,888			$	11,065			$	25,213			$	6,460			$	6,417			$	12,877
Engineered Systems			1,801				3,431				4,000				5,404				14,636				12,094				5,954				18,048
Fluid Management			4,487				3,936				3,761				3,999				16,183				3,800				3,812				7,612
Electronic Technologies			8,135				8,709				7,976				8,094				32,914				8,756				10,319				19,075
		$	18,141			$	19,618			$	22,625			$	28,562			$	88,946			$	31,110			$	26,502			$	57,612

QUARTERLY EPS (unaudited)

		2006																				2007
																														Q2
		Q1				Q2				Q3				Q4				FY 2006				Q1				Q2				YTD
Basic earnings (loss) per common share:
Continuing operations		$	0.63			$	0.76			$	0.76			$	0.76			$	2.91			$	0.66			$	0.84			$	1.50
Discontinued operations			0.37				(0.40	)			0.06				(0.18	)			(0.15	)			(0.03	)			0.00				(0.03	)
Net earnings			1.00				0.35				0.82				0.58				2.76				0.63				0.84				1.47
Diluted earnings (loss) per common share:
Continuing operations		$	0.63			$	0.75			$	0.76			$	0.75			$	2.88			$	0.65			$	0.83			$	1.49
Discontinued operations			0.37				(0.40	)			0.06				(0.17	)			(0.15	)			(0.03	)			0.00				(0.03	)
Net earnings			0.99				0.35				0.82				0.58				2.73				0.63				0.84				1.46