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
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 16, 2011
DOVER CORPORATION
(Exact Name of Registrant as Specified in Charter)
| State of Delaware | 1-4018 | 53-0257888 | ||
| (State or Other Jurisdiction | (Commission File Number) | (I.R.S. Employer | ||
| of Incorporation) | Identification No.) |
| 3005 Highland Parkway, Suite 200, | ||
| Downers Grove, Illinois | 60515 | |
| (Address of Principal Executive Offices) | (Zip Code) |
(630) 541-1540
(Registrant’s telephone number, including area code)
(Registrant’s telephone number, including area code)
(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 7.01 Regulation FD Disclosure
On June 16, 2011, Dover Corporation (the “Company”) is making a presentation at the Deutsche Bank
2011 Global Industrials and Basic Materials Conference in Chicago, Illinois. A copy of the
presentation slides is being posted on the Company’s website (http://www.dovercorporation.com) at
the beginning of the time slot for Dover’s presentation at the Conference and can be found in the
Investor Information section of the website. Attached hereto as Exhibit 99.1 is a copy of the
presentation materials.
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 exhibits are furnished as part of this report: |
| 99.1 | Dover Corporation presentation at the Deutsche Bank Global Industrials and Basic Materials Conference |
SIGNATURE
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.
| Date: June 16, 2011 | DOVER CORPORATION | |||
| (Registrant) | ||||
| By: | /s/ Joseph W. Schmidt
|
|||
| General Counsel & Secretary | ||||
EXHIBIT INDEX
| Exhibit No. | Description | |
99.1
|
Dover Corporation presentation at the Deutsche Bank Global Industrials and Basic Materials Conference |
Exhibit 99.1
| Deutsche Bank Global Industrials and Basic Materials Conference Chicago, IL June 16th, 2011 |
| 2 Forward Looking Statements We want to remind everyone that our comments may contain forward-looking statements that are inherently subject to uncertainties. We caution everyone to be guided in their analysis of Dover Corporation by referring to our Form 10-K for a list of factors that could cause our results to differ from those anticipated in any such forward looking statements. We would also direct your attention to our internet site, www.dovercorporation.com, where considerably more information can be found. |
| Dover's Q1 2011 Performance & Full-Year Outlook Continuing Earnings Per Share 2009 FY $3.74 Q1 results reflect solid end-markets, with particular strength seen at Fluid Management and Industrial Products Q1 bookings strength is primarily driven by oil & gas and global infrastructure resulting in a book-to-bill of 1.15 Energy and Industrial Products markets continue to expand in Q2Emerging market activity remains strongQ2 softness in refrigeration cases, solar equipment, and North American light truck & auto markets Q1 Q1/Q1 2010 FY $1.99 2011 * Includes discrete tax benefits of $0.15 EPS in Q2 2009, $0.20 EPS in Q3 2010, $0.07 in Q4 2010 and $0.04 in Q1 2011 FY11 (F) (a) See Q1 2011 Form 10-Q for free cash flow reconciliation 3 |
| Positioning for Growth Maintaining advantagedDover business model Maintaining advantagedDover business model StrategicFocusAreas The Strategy Remains Consistent Capturing the Benefits of Common Ownership Disciplined Capital Allocation 4 |
| Positioning for Growth - Five Key Growth Spaces 60% of 2010 Revenue & 70% of 2010 Segment Earnings Energy Product Identification Refrigeration & Food Service Equipment Communication Components Fluid Solutions 5 FY 2010 revenue: $886 M FY 2010 revenue: $1,035 M FY 2010 revenue: $838 M FY 2010 revenue: $890 M FY 2010 revenue: $755 M |
| Increased living standardsInfrastructure build-outManufacturing/LCC capabilities International/BRIC growth Global energy demand Increased demand, depleting resourcesRenewable energy technologiesEmerging market growth Sustainability Energy efficiencyEnvironmentally friendly productsRecycling Consumer product safety Product identificationTraceabilityFood safety Mobile devicesDefense spending/ geopoliticsInfrastructure 6 Communications Tailwinds 6 |
| Productivity Operational ExcellenceSafetyQualityProductivitySupply chainLeanFacility consolidationShared FacilitiesRegional support centersShared manufacturing centersStrategic PricingPrice for value delivered 7 |
| Expands Energy growth space as part of Norris Production Solutions portfolio of technology in artificial lift applications and strengthens product alignmentCustomers value comprehensive down- hole solutions from a single sourceIncreases scale and enables better penetration in international oil and gas marketsH-F will Add ^$160M in revenue in 2011 and be accretive to EPS Capital Allocation - Recent Deals Harbison-Fischer Builds out Communications Components growth spaceKnowles will be positioned as the premier acoustics device company in the fast- growing cell phone marketSignificant opportunities to cross sell complementary products and leverage scaleWill add ^$350M in revenue and be slightly accretive to EPS in the first full year of ownershipClosing will occur in Q3 Sound Solutions Sound Solutions 8 |
| Diversified End-Markets Based on FY 2010 revenue Based on 2010 full year revenue Asia & Latin America are among our fastest growing regions2010Asian revenue surpasses Europe in Q3 & Q42011China Q1 growth = 69%; Asia (inc. China) grows 40% in Q1Q1 Latin America growth = 30%Businesses spread across economic cycles 9 |
| Conclusion - Financial Goals - Next Three Years GROWTH Grow 6% - 8% organically, complemented by acquisition growth of 3% - 5% Total shareholder return in the top quartile of our peer companies MARGIN Expand segment margin to 17% - 18% by 2013 CASH FLOW Generate free cash flow of 10% of revenue 10 |