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): January 30, 2008

DOVER CORPORATION

(Exact Name of Registrant as Specified in Charter)

Delaware		1-4018		53-0257888
(State or other Jurisdiction of Incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

280 Park Avenue
New York, NY 10017
(Address of Principal Executive Offices)

(212) 922-1640
(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 (see General Instruction A.2. below):

o		Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o		Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

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.

On January 30, 2008, Dover Corporation (i) issued the press release attached hereto as Exhibit 99.1 announcing its results of operations for the quarter and full year ended December 31, 2007; and (ii) posted on its website at http://www.dovercorporation.com the investor supplement attached hereto as Exhibit 99.2 for the quarter and full year ended December 31, 2007.

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 exhibit is furnished as part of this report:
		99.1     Press Release of Dover Corporation, dated January 30, 2008.
		99.2     Investor Supplement Posted on Dover Corporation’s Website at http://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.

EXHIBIT INDEX

Number				Exhibit
	99.1			Press Release of Dover Corporation, dated January 30, 2008
	99.2			Investor Supplement Posted on Dover Corporation’s Website at http://dovercorporation.com

EXHIBIT 99.1

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

January 30, 2008

DOVER REPORTS RECORD FOURTH QUARTER AND FULL YEAR 2007 RESULTS

New York, New York, January 30, 2008 — Dover Corporation (NYSE: DOV) announced today that for the fourth quarter ended December 31, 2007, it had earnings from continuing operations of $168.9 million or $0.86 diluted earnings per share (“EPS”), compared to $154.6 million or $0.75 EPS from continuing operations in the prior-year period, representing increases of 9% and 14%, respectively. Revenue for the fourth quarter of 2007 was $1.86 billion, an increase of 11% over the prior-year period.

Earnings from continuing operations for the twelve months ended December 31, 2007 were $653.3 million or $3.22 EPS, compared to $592.5 million or $2.88 EPS in the prior-year period, representing increases of 10% and 12%, respectively. Revenue for the twelve month period ended December 31, 2007 was $7.2 billion, up 14% over the prior year period. In addition, free cash flow for the year was $727.7 million, or 10.1% of revenue.

Commenting on the fourth quarter results, Dover’s President and Chief Executive Officer, Ronald L. Hoffman, stated:

“We are pleased to report Dover’s fourth quarter and full-year results. Our diluted EPS for the full year surpassed our previous high by 12%. This performance was even more impressive given that it was accomplished in the face of headwinds in portions of our Electronic Technologies and Industrial Products segments. Company-wide organic growth for the fourth quarter was 2.8% and 2.3% for the full year. Organic growth for our core industrial businesses (excluding Electronic Technologies) was 4.6% for the fourth quarter and 5.2% for the full-year indicating solid performance across our broad industrial business base.

“In addition to our strong financial results, Dover undertook several major initiatives in 2007 to enhance the long-term success of our company. First, we optimized Dover’s operating structure by re-aligning into four defined industry segments with six business platforms. This new simplified structure gives us sharper focus on our major end markets and related acquisition program, accelerates the sharing of best practices and realization of business synergies, and facilitates management development. Second, we adjusted our capital allocation to reflect the value we felt was inherent in our company versus the available external opportunities, by announcing two successive share repurchase programs during the year which will reduce the outstanding share count by roughly 10%. In 2007, we repurchased 12.4 million shares for $591 million and have added another million shares to that total in early 2008. Additionally, we spent $274 million on strategic add-on acquisitions, including Pole/Zero and Camco, which considerably strengthened both our Microwave Products Group and Material Handling Platform. Lastly, we launched a new initiative to capture synergies throughout our organization. Although we are early in the process, we are highly encouraged by the scope of the potential synergy opportunities and are confident they can bring meaningful improvement to our bottom line.

“Looking forward to 2008, assuming a reasonably stable global economy, we are encouraged that our recent strategic initiatives will enable Dover to improve full year earnings per share in the 10%+ range, despite headwinds in a few of our end-markets. We strongly believe in the positive direction Dover is headed and are confident our new structure, capital allocation model and synergy initiatives have laid solid groundwork for future growth. We also anticipate increased opportunities to expand our identified platforms through value-creating

2

add-on acquisitions. Lastly, I’d once again like to thank the 34,000 employees of Dover around the globe for their tireless efforts, professionalism and dedication to improving Dover every day. Without their vital daily contributions, none of our current or future successes would be possible.”

Net earnings for the fourth quarter of 2007 were $185.4 million or $0.94 EPS, including income from discontinued operations of $16.5 million or $0.08 EPS, compared to net earnings of $118.5 million or $0.58 EPS for the same period of 2006, which included a loss from discontinued operations of $36.0 million or $0.18 EPS. Net earnings for the twelve months ended December 31, 2007 were $661.1 million or $3.26 EPS, including income from discontinued operations of $7.8 million or $0.04 EPS, compared to net earnings of $561.8 million or $2.73 EPS for the same period of 2006, which included a loss from discontinued operations of $30.7 million or $0.15 EPS.

Dover will host a webcast of its fourth quarter 2007 conference call at 8:00 A.M. Eastern Time on Wednesday, January 30, 2008. 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 and additional information on Dover’s fourth quarter 2007 results and its operating companies can also be found on the Company website.

Dover Corporation, with over $7 billion in annual revenues, is a global portfolio of manufacturing companies providing innovative components and equipment, specialty systems and support services for a variety of applications in the industrial products, engineered systems, fluid management and electronic technologies markets. For more information, please visit www.dovercorporation.com.

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, including the sub-prime lending and credit issues, 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.

EXHIBIT 99.2

Share Repurchase Program

In the fourth quarter of 2007, the Company purchased 4.8 million of its outstanding shares for $222 million under two previously announced programs that collectively authorized the purchase of approximately 20 million shares of Dover common stock. During 2007, the Company purchased a total of 12.4 million shares under the programs for $591 million. In 2008 (through January 29th), the Company purchased an additional one million shares at a cost of $40 million, leaving the balance of the Board's authorization at about $420 million.

Acquisitions and Divestitures

During the fourth quarter of 2007, the Company completed two add-on acquisitions: Camco, formerly Industrial Motion Controls LLC (De-Sta-Co) in the Industrial Products segment and Windrock Inc. (Gas Equipment Group) in the Fluid Management segment, for a total purchase price of $97.1 million. During 2007, Dover made a total of seven add-on acquisitions, totaling $273.6 million, net of cash acquired.

During the fourth quarter of 2007, the Company completed the sale of a previously discontinued business and recorded other adjustments resulting in an after-tax gain of $0.3 million. For 2007, the Company finalized the sales of a total of six businesses resulting in an after-tax loss of $17.1 million. At year end 2007, two businesses remain held for sale.

Growth Factors

		2007
Revenue Growth		Q1				Q2				Q3				Q4				YTD
Organic			4.0	%			-0.8	%			3.3	%			2.8	%			2.3	%
Acquisitions			12.8	%			12.0	%			9.7	%			5.0	%			9.7	%
Currency translation			1.9	%			1.8	%			1.9	%			3.0	%			2.2	%
			18.7	%			13.0	%			14.9	%			10.8	%			14.2	%
Organic Growth less Electronic Technologies segment			7.3	%			3.1	%			5.8	%			4.6	%			5.2	%

Cash Flow

The following table is a reconciliation of free cash flow (a non-GAAP measure) with cash flows from operating activities.

		Three Months Ended December 31,								Years Ended December 31,
Free Cash Flow (in thousands)		2007				2006				2007				2006
Cash flow provided by operating activities		$	364,349			$	289,187			$	901,941			$	866,082
Less: Capital expenditures			43,565				57,218				174,252				190,732
Free cash flow		$	320,784			$	231,969			$	727,689			$	675,350
Free cash flow as a percentage of revenue			17.2	%			13.8	%			10.1	%			10.7	%
Free cash flow as a percentage of earnings from continuing operations											111.4	%			114.0	%

The full year increase in free cash flow reflects higher earnings from continuing operations before depreciation and amortization and lower capital expenditures, partially offset by higher tax payments in 2007. In addition, Adjusted Working Capital (a non-GAAP measure calculated as accounts receivable, plus inventory, less accounts payable) increased from the prior year end by $29.1 million, or 2% to $1,363.0 million which reflected an increase in receivables of $57.4 million, a decrease in inventory of $13.0 million and an increase in accounts payable of $15.3 million. Excluding acquisitions and the effects of foreign exchange translation, working capital would have decreased by $50.1 million, or 4%. Average Annual Adjusted Working Capital as a percentage of revenue (a non-GAAP measure calculated as the five-quarter average balance of accounts receivable, plus inventory, less accounts payable divided by the trailing twelve months of revenue) increased to 19.2% at December 31, 2007 from 19.0% at December 31, 2006.

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)		2007				2006
Current maturities of long-term debt		$	33,175			$	32,267
Commercial paper and other short-term debt			605,474				258,282
Long-term debt			1,452,003				1,480,491
Total debt			2,090,652				1,771,040
Less: Cash and cash equivalents			602,412				374,845
Net debt			1,488,240				1,396,195
Add: Stockholders’ equity			3,946,173				3,811,022
Total capitalization		$	5,434,413			$	5,207,217
Net debt to total capitalization			27.4	%			26.8	%

Net debt at December 31, 2007 increased $92 million as a result of increased commercial paper borrowings used primarily to fund the Company’s share repurchase programs during 2007. The percentage increase in net debt to total capital, after $591 million of share repurchases, reflects strong operational free cash flow and net proceeds from dispositions of $91 million.

Tax Rate

The Company’s effective tax rates for the fourth quarter of 2007 and 2006 was 24.1% and 22.9%, respectively. Both periods were favorably impacted by the mix of foreign earnings in low-taxed overseas jurisdictions. The higher rate in the 2007 period was caused by an increase in unrecognized tax benefits as required under FIN 48, while the 2006 period was favorably impacted by the effect of the full year retroactive extension of the U.S. Federal research tax credit.

The 2007 tax rate for continuing operations was 26.4%, reflecting the same factors that affected the fourth quarter 2007 rate. The 2006 tax rate for continuing operations of 26.8% also reflected 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.

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

		Three Months Ended December 31								Twelve Months Ended December 31
		2007				2006				2007				2006
Revenue		$	1,860,021			$	1,679,173			$	7,226,089			$	6,329,279
Cost of goods and services			1,187,964				1,082,630				4,604,422				4,020,702
Gross profit			672,057				596,543				2,621,667				2,308,577
Selling and administrative expenses			425,301				375,159				1,640,977				1,410,654
Operating earnings			246,756				221,384				980,690				897,923
Interest expense, net			22,395				19,068				89,008				76,984
Other expense, net			1,797				1,795				4,078				11,446
Total interest/other expense, net			24,192				20,863				93,086				88,430
Earnings before provision for income taxes and discontinued operations			222,564				200,521				887,604				809,493
Provision for income taxes			53,688				45,958				234,331				217,038
Earnings from continuing operations			168,876				154,563				653,273				592,455
Earnings (loss) from discontinued operations, net			16,488				(36,043	)			7,807				(30,673	)
Net earnings		$	185,364			$	118,520			$	661,080			$	561,782
Basic earnings (loss) per common share:
Earnings from continuing operations		$	0.86			$	0.76			$	3.24			$	2.91
Earnings (loss) from discontinued operations			0.08				(0.18	)			0.04				(0.15	)
Net earnings			0.95				0.58				3.28				2.76
Weighted average shares outstanding			195,932				204,182				201,330				203,773
Diluted earnings (loss) per common share:
Earnings from continuing operations		$	0.86			$	0.75			$	3.22				2.88
Earnings (loss) from discontinued operations			0.08				(0.18	)			0.04				(0.15	)
Net earnings			0.94				0.58				3.26				2.73
Weighted average shares outstanding			197,286				205,978				202,918				205,497
Dividends paid per common share		$	0.200			$	0.185			$	0.770			$	0.710

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
		2007				2006				2007				2006
Weighted average shares outstanding — Basic			195,932				204,182				201,330				203,773
Dilutive effect of assumed exercise of employee stock options			1,354				1,796				1,588				1,724
Weighted average shares outstanding — Diluted			197,286				205,978				202,918				205,497
Anti-dilutive shares excluded from diluted EPS computation			1,635				—				3,241				1,716

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

		2006																				2007
		Q1				Q2				Q3				Q4				FY 2006				Q1				Q2				Q3				Q4				FY 2007
REVENUE
Industrial Products
Material Handling		$	155,581			$	157,101			$	175,408			$	218,409			$	706,499			$	243,344			$	251,679			$	233,106			$	230,983			$	959,112
Mobile Equipment			296,492				305,684				307,310				311,232				1,220,718				307,758				315,394				315,920				323,912				1,262,984
Eliminations			(187	)			(263	)			(259	)			(219	)			(928	)			(219	)			(220	)			(203	)			(335	)			(977	)
			451,886				462,522				482,459				529,422				1,926,289				550,883				566,853				548,823				554,560				2,221,119
Engineered Systems																			—																				—
Product Identification			114,731				137,040				143,482				173,048				568,301				206,625				224,353				227,617				253,985				912,580
Engineered Products			239,045				303,325				286,792				276,700				1,105,862				285,108				311,178				333,254				305,169				1,234,709
			353,776				440,365				430,274				449,748				1,674,163				491,733				535,531				560,871				559,154				2,147,289
Fluid Management																			—																				—
Energy			158,495				164,768				178,054				182,861				684,178				189,367				188,690				197,759				199,208				775,024
Fluid Solutions			157,455				161,434				159,478				167,032				645,399				169,669				174,579				176,756				186,109				707,113
Eliminations			66				(17	)			(20	)			(3	)			26				(40	)			(24	)			(12	)			(53	)			(129	)
			316,016				326,185				337,512				349,890				1,329,603				358,996				363,245				374,503				385,264				1,482,008
Electronic Technologies			330,019				370,236				358,137				353,172				1,411,564				321,173				340,717				363,002				365,211				1,390,103
Intra-segment eliminations			(2,850	)			(3,296	)			(3,135	)			(3,059	)			(12,340	)			(3,437	)			(3,455	)			(3,370	)			(4,168	)			(14,430	)
Total consolidated revenue		$	1,448,847			$	1,596,012			$	1,605,247			$	1,679,173			$	6,329,279			$	1,719,348			$	1,802,891			$	1,843,829			$	1,860,021			$	7,226,089
NET EARNINGS
Segment Earnings:
Industrial Products		$	62,985			$	65,177			$	61,858			$	61,208			$	251,228			$	70,148			$	85,077			$	75,893			$	65,933			$	297,051
Engineered Systems			49,995				73,789				62,905				55,041				241,730				50,944				77,318				79,451				74,104				281,817
Fluid Management			67,072				66,732				67,297				66,276				267,377				73,842				73,283				79,184				78,267				304,576
Electronic Technologies			47,742				60,872				52,658				53,675				214,947				36,949				45,354				50,801				47,233				180,337
Total Segments			227,794				266,570				244,718				236,200				975,282				231,883				281,032				285,329				265,537				1,063,781
Corporate expense / other			(22,563	)			(27,824	)			(21,807	)			(16,611	)			(88,805	)			(22,393	)			(23,106	)			(21,092	)			(20,578	)			(87,169	)
Net interest expense			(21,484	)			(19,248	)			(17,184	)			(19,068	)			(76,984	)			(21,838	)			(22,449	)			(22,326	)			(22,395	)			(89,008	)
Earnings from continuing operations before provision for income taxes			183,747				219,498				205,727				200,521				809,493				187,652				235,477				241,911				222,564				887,604
Provision for income taxes			55,616				65,025				50,439				45,958				217,038				53,161				63,510				63,972				53,688				234,331
Earnings from continuing operations			128,131				154,473				155,288				154,563				592,455				134,491				171,967				177,939				168,876				653,273
Earnings (loss) from discontinued operations, net			75,695				(82,562	)			12,237				(36,043	)			(30,673	)			(5,560	)			227				(3,348	)			16,488				7,807
Net earnings		$	203,826			$	71,911			$	167,525			$	118,520			$	561,782			$	128,931			$	172,194			$	174,591			$	185,364			$	661,080
SEGMENT OPERATING MARGIN
Industrial Products			13.9	%			14.1	%			12.8	%			11.6	%			13.0	%			12.7	%			15.0	%			13.8	%			11.9	%			13.4	%
Engineered Systems			14.1	%			16.8	%			14.6	%			12.2	%			14.4	%			10.4	%			14.4	%			14.2	%			13.3	%			13.1	%
Fluid Management			21.2	%			20.5	%			19.9	%			18.9	%			20.1	%			20.6	%			20.2	%			21.1	%			20.3	%			20.6	%
Electronic            Technologies			14.5	%			16.4	%			14.7	%			15.2	%			15.2	%			11.5	%			13.3	%			14.0	%			12.9	%			13.0	%
Total Segment			15.7	%			16.7	%			15.2	%			14.1	%			15.4	%			13.5	%			15.6	%			15.5	%			14.3	%			14.7	%

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

		2006																				2007
																																						Q4
		Q1				Q2				Q3				Q4				FY 2006				Q1				Q2				Q3				Q4				FY 2007
BOOKINGS
Industrial Products
Material Handling		$	176,965			$	156,684			$	170,758			$	208,163			$	712,570			$	259,039			$	246,416			$	228,085			$	227,507			$	961,047
Mobile Equipment			302,838				311,496				325,345				311,417				1,251,096				374,845				353,122				298,016				338,357				1,364,340
Eliminations			(404	)			(426	)			(1,589	)			(380	)			(2,799	)			(438	)			(445	)			(324	)			(349	)			(1,556	)
		$	479,399			$	467,754			$	494,514			$	519,200			$	1,960,867			$	633,446			$	599,093			$	525,777			$	565,515			$	2,323,831
Engineered Systems
Product Identification		$	122,201			$	130,013			$	145,929			$	163,953			$	562,096			$	215,596			$	219,111			$	231,166			$	253,343			$	919,216
Engineered Products			295,712				305,753				290,647				275,653				1,167,765				322,940				344,559				294,235				247,718				1,209,452
		$	417,913			$	435,766			$	436,576			$	439,606			$	1,729,861			$	538,536			$	563,670			$	525,401			$	501,061			$	2,128,668
Fluid Management
Energy		$	170,191			$	166,628			$	186,444			$	170,664			$	693,927			$	200,010			$	187,502			$	194,733				202,820			$	785,065
Fluid Solutions			160,388				167,631				158,783				167,130				653,932				171,944				180,964				177,021				186,715				716,644
Eliminations			(20	)			(11	)			(20	)			(32	)			(83	)			(15	)			(16	)			(12	)			(67	)			(110	)
		$	330,559			$	334,248			$	345,207			$	337,762			$	1,347,776			$	371,939			$	368,450			$	371,742			$	389,468			$	1,501,599
Electronic Technologies		$	382,817			$	364,096			$	340,645			$	322,485			$	1,410,043			$	311,840			$	354,858			$	381,804			$	330,049			$	1,378,551
Intra-segment eliminations			(3,243	)			(3,655	)			(2,030	)			(3,488	)			(12,416	)			(3,041	)			(4,308	)			(4,474	)			(2,837	)			(14,660	)
Total consolidated bookings		$	1,607,445			$	1,598,209			$	1,614,912			$	1,615,565			$	6,436,131			$	1,852,720			$	1,881,763			$	1,800,250			$	1,783,256			$	7,317,989
BACKLOG
Industrial Products
Material Handling		$	130,621			$	130,402			$	156,112			$	146,614							$	161,991			$	157,945			$	153,245			$	149,628
Mobile Equipment			369,013				385,745				417,467				429,191								501,591				541,683				529,423				543,776
Eliminations			(5	)			(4	)			(147	)			(165	)							(207	)			(236	)			(275	)			(195	)
		$	499,629			$	516,143			$	573,432			$	575,640							$	663,375			$	699,392			$	682,393			$	693,209
Engineered Systems
Product Identification		$	42,912			$	43,733			$	48,042			$	57,706							$	66,875			$	62,216			$	68,682			$	68,938
Engineered Products			250,996				252,512				256,306				256,200								286,313				327,088				287,901				230,796
		$	293,908			$	296,245			$	304,348			$	313,906							$	353,188			$	389,304			$	356,583			$	299,734
Fluid Management
Energy		$	67,711			$	68,139			$	88,161			$	75,449							$	88,392			$	89,044			$	87,105			$	88,245
Fluid Solutions			56,154				62,481				61,794				63,565								65,683				72,028				73,007				73,713
Eliminations			(9	)			(3	)			(3	)			(33	)							(8	)			—				—				(14	)
		$	123,856			$	130,617			$	149,952			$	138,981							$	154,067			$	161,072			$	160,112			$	161,944
Electronic Technologies		$	243,480			$	242,205			$	227,528			$	200,048							$	229,010			$	243,996			$	266,474			$	232,704
Intra-segment eliminations			(1,716	)			(2,071	)			(1,197	)			(1,632	)							(1,193	)			(2,110	)			(3,223	)			(1,913	)
Total consolidated backlog		$	1,159,157			$	1,183,139			$	1,254,063			$	1,226,943							$	1,398,447			$	1,491,654			$	1,462,339			$	1,385,678
ACQUISITION RELATED DEPRECIATION AND AMORTIZATION EXPENSE *
Industrial Products		$	3,718			$	3,542			$	6,888			$	11,065			$	25,213			$	6,460			$	6,417			$	6,933			$	6,899			$	26,709
Engineered Systems			1,801				3,431				4,000				5,404				14,636				12,094				5,954				6,257				6,948				31,253
Fluid Management			4,487				3,936				3,761				3,999				16,183				3,800				3,812				3,796				4,161				15,569
Electronic Technologies			8,135				8,709				7,976				8,094				32,914				8,756				10,319				9,957				9,264				38,296
		$	18,141			$	19,618			$	22,625			$	28,562			$	88,946			$	31,110			$	26,502			$	26,943			$	27,272			$	111,827

* Represents the pre-tax impact on earnings from the depreciation and amortization of acquisition accounting write-ups to reflect the fair value of inventory, property, plant and equipment, and intangible assets.

		2006																				2007
		Q1				Q2				Q3				Q4				FY 2006				Q1				Q2				Q3				Q4				FY 2007
Basic earnings (loss) per common share:
Continuing operations		$	0.63			$	0.76			$	0.76			$	0.76			$	2.91			$	0.66			$	0.84			$	0.89			$	0.86			$	3.24
Discontinued operations			0.37				(0.40	)			0.06				(0.18	)			(0.15	)			(0.03	)			0.00				(0.02	)			0.08				0.04
Net earnings			1.00				0.35				0.82				0.58				2.76				0.63				0.84				0.87				0.95				3.28
Diluted earnings (loss) per common share:
Continuing operations		$	0.63			$	0.75			$	0.76			$	0.75			$	2.88			$	0.65			$	0.83			$	0.88			$	0.86			$	3.22
Discontinued operations			0.37				(0.40	)			0.06				(0.18	)			(0.15	)			(0.03	)			0.00				(0.02	)			0.08				0.04
Net earnings			0.99				0.35				0.82				0.58				2.73				0.63				0.84				0.86				0.94				3.26

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

BALANCE SHEET

		At December 31, 2007				At December 31, 2006
Assets:
Cash and cash equivalents		$	602,412			$	374,845
Receivables, net of allowances			1,097,697				1,040,286
Inventories, net			681,600				694,631
Deferred tax and other current assets			158,790				130,349
Property , plant and equipment, net			885,145				815,188
Goodwill			3,293,986				3,143,034
Intangible assets, net			1,070,574				1,065,382
Other assets			169,185				122,842
Assets of discontinued operations			106,642				240,101
		$	8,066,031			$	7,626,658
Liabilities and Stockholders’ Equity
Notes payable and current maturities of long-term debt		$	638,649			$	290,549
Payables and accrued expenses			1,024,405				977,884
Taxes payable and other deferrals			933,308				918,563
Long-term debt			1,452,003				1,480,491
Liabilities of discontinued operations			71,493				148,149
Stockholders’ equity			3,946,173				3,811,022
		$	8,066,031			$	7,626,658

CASH FLOWS

		Twelve Months Ended December 31,
		2007				2006
Operating activities:
Net earnings		$	661,080			$	561,782
Loss (earnings) from discontinued operations, net of tax			(7,807	)			30,672
Depreciation and amortization			245,028				195,633
Stock-based compensation			25,706				25,982
Contributions to defined benefit plans			(8,700	)			(3,004	)
Net change in assets and liabilities			(13,366	)			55,017
Net cash provided by operating activities			901,941				866,082
Investing activities:
Proceeds from the sale of property and equipment			24,485				19,007
Additions to property, plant and equipment			(174,252	)			(190,732	)
Proceeds from sale of discontinued businesses			90,966				445,905
Acquisitions (net of cash and cash equivalents acquired)			(273,610	)			(1,116,780	)
Net cash used in investing activities			(332,411	)			(842,600	)
Financing activities:
Increase in debt, net			317,609				228,107
Purchase of treasury stock			(596,009	)			(48,329	)
Proceeds from exercise of stock options, including tax benefits			87,117				93,311
Dividends to stockholders			(154,390	)			(144,799	)
Net cash provided by (used in) financing activities			(345,673	)			128,290
Effect of exchange rate changes on cash			34,356				19,816
Net cash provided by (used in) discontinued operations			(30,646	)			16,314
Net increase in cash and cash equivalents			227,567				187,902
Cash and cash equivalents at beginning of period			374,845				186,943
Cash and cash equivalents at end of period		$	602,412			$	374,845