8-K

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): October 20, 2015

________________________________

DOVER CORPORATION

(Exact name of registrant as specified in its charter)

________________________________

State of Delaware	1-4018	53-0257888
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)
3005 Highland Parkway
Downers Grove, Illinois		60515
(Address of principal executive offices)		(Zip Code)

(630) 541-1540

(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:

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

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

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ 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 October 20, 2015, Dover Corporation (i) issued the Press Release attached hereto as Exhibit 99.1 announcing its results of operations for the quarter ended September 30, 2015; and (ii) posted on its website at

http://www.dovercorporation.com the presentation slides attached hereto as Exhibit 99.2 for the quarter ended September 30, 2015.

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.

(d) Exhibits.

The following exhibits are furnished as part of this report:

99.1 Dover Corporation Press Release dated October 20, 2015.

99.2 Presentation Slides posted on Dover Corporation’s website at http://www.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.

Date:	October 20, 2015	DOVER CORPORATION
		(Registrant)
		By:	/s/ Ivonne M. Cabrera
			Ivonne M. Cabrera
			Senior Vice President, General Counsel & Secretary

EXHIBIT INDEX

Number	Exhibit
99.1	Press Release of Dover Corporation dated October 20, 2015
99.2	Presentation Slides posted on Dover Corporation’s website at http://www.dovercorporation.com

EX-99.1

Exhibit 99.1

Investor Contact:	Media Contact:
Paul Goldberg	Adrian Sakowicz
Vice President - Investor Relations	Vice President - Communications
(212) 922-1640	(630) 743-5039
peg@dovercorp.com	asakowicz@dovercorp.com

DOVER REPORTS THIRD QUARTER2015 RESULTS, UPDATES 2015 GUIDANCE, AND ANNOUNCES TWO ACQUISITIONS

• Reports quarterly revenue of $1.8 billion, a decrease of 11% from the prior year

• Delivers quarterly diluted earnings per share from continuing operations of $1.19, including $0.05 of discrete tax benefits

• Updates full year 2015 diluted earnings per share from continuing operations to now be in the range of $3.73 to $3.80, including discrete tax benefits

• Signs definitive agreements to acquire two businesses with combined 2016 revenue of approximately $165 million

Downers Grove, Illinois, October 20, 2015 — Dover (NYSE: DOV) announced today that for the third quarter ended September 30, 2015, revenue was $1.8 billion, a decrease of 11% from the prior year. The decrease in revenue was driven by an organic revenue decline of 10% and an unfavorable impact from foreign exchange of 4%, partially offset by 3%growth from acquisitions. Earnings from continuing operations were $186.5 million, a decrease of 17% as compared to $225.7 million for the prior year period. Diluted earnings per share from continuing operations ("EPS") for the third quarter ended September 30, 2015 were $1.19, compared to $1.34 EPS in the prior year period, representing a decrease of 11%. EPS from continuing operations for the third quarter of 2015 included discrete tax benefits of $0.05, compared to $0.03 EPS in the prior year period. Excluding these items, adjusted EPS from continuing operations for the third quarter of 2015 was $1.14, a decrease of 13% over an adjusted EPS of $1.31 in the prior year period.EPS for the third quarter ended September 30, 2015 and 2014 includes restructuring costs of $0.05 EPS and $0.01 EPS, respectively.

Revenue for the nine months ended September 30, 2015 was $5.3 billion, a decrease of 9% over the prior year, reflecting an organic revenue decline of 9% and an unfavorable impact from foreign exchange of 4%, offset by 4%growth from acquisitions. Earnings from continuing operations for the nine months ended September 30, 2015 were $459.3 million, a decrease of 24% as compared to $606.3 million for the prior year period. Diluted EPS for the nine months ended September 30, 2015 was $2.87, compared to $3.57 EPS in the prior year period, representing a decrease of 20%. EPS from continuing operations for the nine months ended September 30, 2015 included discrete tax benefits of $0.05, compared to $0.04 EPS in the prior year period. Excluding these items, adjusted EPS from continuing operations decreased20% to $2.82 from an adjusted EPS of $3.53 in the prior year period. EPS for the nine months ended September 30, 2015 and 2014 includes restructuring costs of $0.17 EPS and $0.03 EPS, respectively.

Commenting on the third quarter results, Dover's President and Chief Executive Officer, Robert A. Livingston, said, "Overall, our third quarter performance was in line with our expectations. Our

team aggressively pursued cost actions and productivity initiatives, which helped to mitigate weak global macro conditions.

“We continued to pursue acquisitions that offer industry-leading products and significantly complement and expand our market positions. In this regard, I am pleased to announce we have signed definitive agreements to acquire two businesses, both of which are expected to close later in the fourth quarter. These acquisitions are in addition to our previously announced Tokheim deal.

“Specifically, we have agreed to acquire Italy-based JK Group SPA (“JK”), a leading manufacturer of innovative inks and consumables serving the fast-growing digital textile printing markets. JK’s digital inks will complement our MS Solutions equipment business, and will join the Engineered Systems segment under its Printing & Identification platform. We have also agreed to acquire Gala Industries, Inc. (“Gala”), a leading manufacturer of underwater pelletizing systems and solutions serving the plastics compounding industry, headquartered in Eagle Rock, Virginia. Gala will become part of our Maag business within the Fluids segment, and collectively, will provide our customers unequaled process and engineering expertise.”

The combined purchase price of JK and Gala will be approximately $520 million. JK and Gala are expected to have combined 2016 revenue of about $165 million and be about $0.11 accretive to continuing earnings per share in 2016. On an operating basis, which excludes purchase accounting amortization, JK and Gala are expected to be approximately $0.23 accretive in 2016. Combining JK and Gala with the previously announced Tokheim deal, Dover expects 2016 acquisition revenue to be approximately $500 million and 2016 continuing earnings per share accretion to be about $0.18. On an operating basis, which excludes normal transaction-related costs and purchase accounting amortization, these acquisitions are expected to be approximately $0.38 accretive in 2016. Dover expects to fund the nearly $1 billion in total acquisition spend with cash on hand and debt. Interest charges associated with the incremental debt financing are not included in the above earnings per share estimates.

"Looking to the remainder of 2015,” Mr. Livingston continued, “we have lowered our guidance to reflect the impact of generally weaker global market conditions. We expect full-year revenue to decline 10% to 11%, a two point reduction from our previous forecast. Within this revenue forecast, organic growth is anticipated to decline 9% to 10%, completed acquisitions will provide approximately 3% growth, and FX is expected to be a 4% headwind. In total, full year EPS is expected to be in the range of $3.73 to $3.80, as compared to our prior forecast of $3.75 to $3.90. This range includes approximately $0.20 of restructuring charges, representing a $0.02 increase from our last forecast, and now also includes $0.05 of discrete tax benefits.”

Net earnings for the third quarter ended September 30, 2015, were $186.1 million, or $1.19 EPS, which included a loss from discontinued operations of $0.4 million, compared to net earnings of $231.8 million, or $1.38 EPS, for the same period of 2014, which included earnings from discontinued operations of $6.2 million, or $0.04 EPS.

Net earnings for the nine months ended September 30, 2015, were $728.0 million, or $4.55 EPS, which included earnings from discontinued operations of $268.7 million, or $1.68 EPS, compared to net earnings of $605.9 million, or $3.57 EPS, for the same period of 2014, which included a loss from discontinued operations of $0.4 million. 2015 earnings from discontinued operations included gains of $265.6 million, or $1.66 EPS, resulting from the disposition of two businesses held for sale.

Dover will host a webcast of its third quarter 2015 conference call at 10:00 A.M. Eastern Time (9:00 A.M. Central Time) on Tuesday, October 20, 2015. The webcast can be accessed on the Dover website at www.dovercorporation.com. The conference call will also be made available for replay

on the website. Additional information on Dover’s third quarter results and its operating segments can also be found on the Company’s website.

About Dover:

Dover is a diversified global manufacturer with annual revenues of approximately $7 billion. We deliver innovative equipment and components, specialty systems and support services through four major operating segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. Dover combines global scale with operational agility to lead the markets we serve.  Recognized for our entrepreneurial approach for 60 years, our team of 26,000 employees takes an ownership mindset, collaborating with customers to redefine what’s possible.  Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under “DOV.” Additional information is available at www.dovercorporation.com.

Forward-Looking Statements:

This press release contains “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Such statements relate to, among other things, operating and strategic plans, income, earnings, cash flows, foreign exchange, changes in operations, acquisitions, industries in which Dover businesses operate, anticipated market conditions and our positioning, global economies, and operating improvements. Forward-looking statements may be indicated by words or phrases such as “anticipates,” “expects,” “believes,” “suggests,” “will,” “plans,” “should,” “would,” “could,” and “forecast”, or the use of the future tense and similar words or phrases. Forward-looking statements are subject to inherent risks and uncertainties that could cause actual results to differ materially from current expectations, including, but not limited to, oil and natural gas demand, production growth, and prices; changes in exploration and production spending by Dover’s customers and changes in the level of oil and natural gas exploration and development; changes in customer demand and capital spending; economic conditions generally and changes in economic conditions globally and in markets served by Dover businesses, including well activity and U.S. industrials activity; Dover's ability to achieve expected savings from integration and other cost-control initiatives, such as lean and productivity programs as well as efforts to reduce sourcing input costs; the impact of interest rate and currency exchange rate fluctuations; the ability of Dover's businesses to expand into new geographic markets; Dover's ability to identify and successfully consummate value-adding acquisition opportunities or planned divestitures; the impact of loss of a significant customer, or loss or non-renewal of significant contracts; the ability of Dover's businesses to develop and launch new products, timing of such launches and risks relating to market acceptance by customers; the relative mix of products and services which impacts margins and operating efficiencies; increased competition and pricing pressures; the impact of loss of a single-source manufacturing facility; short-term capacity constraints; increases in the cost of raw materials; domestic and foreign governmental and public policy changes or developments, including environmental regulations, conflict minerals disclosure requirements, and tax policies; protection and validity of patent and other intellectual property rights; the impact of legal matters and legal compliance risks; conditions and events affecting domestic and global financial and capital markets; and a downgrade in Dover's credit ratings which, among other matters, could make obtaining financing more difficult and costly. Dover 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 herein. Dover undertakes no obligation to update any forward-looking statement, except as required by law.

INVESTOR SUPPLEMENT - THIRD QUARTER2015

DOVER CORPORATION

CONSOLIDATED STATEMENTS OF EARNINGS

(unaudited)(in thousands, except per share data)

	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
Revenue	$	1,787,582		$	2,009,575		$	5,261,711		$	5,774,781
Cost of goods and services	1,114,974			1,235,153			3,307,376			3,524,400
Gross profit	672,608			774,422			1,954,335			2,250,381
Selling and administrative expenses	395,688			426,160			1,233,017			1,298,388
Operating earnings	276,920			348,262			721,318			951,993
Interest expense, net	31,983			31,231			96,008			95,847
Other income, net	(367		)	(1,032		)	(5,810		)	(7,074		)
Earnings before provision for income taxes and discontinued operations	245,304			318,063			631,120			863,220
Provision for income taxes	58,821			92,380			171,813			256,915
Earnings from continuing operations	186,483			225,683			459,307			606,305
(Loss) earnings from discontinued operations, net	(385		)	6,161			268,697			(364		)
Net earnings	$	186,098		$	231,844		$	728,004		$	605,941
Basic earnings per common share:
Earnings from continuing operations	$	1.20		$	1.36		$	2.90		$	3.62
Earnings (loss) from discontinued operations, net	—			0.04			1.70			—
Net earnings	1.20			1.40			4.59			3.62
Weighted average shares outstanding	155,300			166,021			158,507			167,401
Diluted earnings per common share:
Earnings from continuing operations	$	1.19		$	1.34		$	2.87		$	3.57
Earnings (loss) from discontinued operations, net	—			0.04			1.68			—
Net earnings	1.19			1.38			4.55			3.57
Weighted average shares outstanding	156,560			168,343			160,112			169,761
Dividends paid per common share	$	0.42		$	0.40		$	1.22		$	1.15

DOVER CORPORATION

QUARTERLY SEGMENT INFORMATION

(unaudited)(in thousands)

	2015												2014
	Q1			Q2			Q3			Q3 YTD			Q1			Q2			Q3			Q3 YTD			Q4			FY 2014
REVENUE
Energy	$	430,423		$	366,044		$	363,872		$	1,160,339		$	478,773		$	481,016		$	507,334		$	1,467,123		$	550,116		$	2,017,239
Engineered Systems
Printing & Identification	230,181			229,934			227,992			688,107			231,679			252,354			257,282			741,315			247,569			988,884
Industrials	343,015			363,157			351,404			1,057,576			335,995			361,467			355,019			1,052,481			344,600			1,397,081
	573,196			593,091			579,396			1,745,683			567,674			613,821			612,301			1,793,796			592,169			2,385,965
Fluids	340,236			351,511			352,018			1,043,765			345,009			346,275			361,797			1,053,081			377,485			1,430,566
Refrigeration & Food Equipment	372,097			448,115			492,460			1,312,672			411,493			522,357			528,807			1,462,657			458,532			1,921,189
Intra-segment eliminations	(451		)	(133		)	(164		)	(748		)	(379		)	(833		)	(664		)	(1,876		)	(355		)	(2,231		)
Total consolidated revenue	$	1,715,501		$	1,758,628		$	1,787,582		$	5,261,711		$	1,802,570		$	1,962,636		$	2,009,575		$	5,774,781		$	1,977,947		$	7,752,728
NET EARNINGS
Segment Earnings:
Energy	$	52,305		$	40,909		$	48,726		$	141,940		$	118,968		$	114,991		$	122,738		$	356,697		$	105,118		$	461,815
Engineered Systems	88,149			96,702			102,866			287,717			83,227			101,766			108,800			293,793			93,205			386,998
Fluids	54,634			70,168			74,911			199,713			57,942			63,112			67,559			188,613			63,026			251,639
Refrigeration & Food Equipment	36,150			65,732			76,665			178,547			44,862			84,926			78,012			207,800			30,934			238,734
Total Segments	231,238			273,511			303,168			807,917			304,999			364,795			377,109			1,046,903			292,283			1,339,186
Corporate expense / other	34,526			20,382			25,881			80,789			30,734			29,287			27,815			87,836			29,964			117,800
Net interest expense	32,037			31,988			31,983			96,008			32,655			31,961			31,231			95,847			31,332			127,179
Earnings from continuing operations before provision for income taxes	164,675			221,141			245,304			631,120			241,610			303,547			318,063			863,220			230,987			1,094,207
Provision for income taxes	47,485			65,507			58,821			171,813			71,569			92,966			92,380			256,915			59,152			316,067
Earnings from continuing operations	117,190			155,634			186,483			459,307			170,041			210,581			225,683			606,305			171,835			778,140
Earnings (loss) from discontinued operations, net	92,320			176,762			(385		)	268,697			(9,903		)	3,378			6,161			(364		)	(2,541		)	(2,905		)
Net earnings	$	209,510		$	332,396		$	186,098		$	728,004		$	160,138		$	213,959		$	231,844		$	605,941		$	169,294		$	775,235
SEGMENT OPERATING MARGIN
Energy	12.2		%	11.2		%	13.4		%	12.2		%	24.8		%	23.9		%	24.2		%	24.3		%	19.1		%	22.9		%
Engineered Systems	15.4		%	16.3		%	17.8		%	16.5		%	14.7		%	16.6		%	17.8		%	16.4		%	15.7		%	16.2		%
Fluids	16.1		%	20.0		%	21.3		%	19.1		%	16.8		%	18.2		%	18.7		%	17.9		%	16.7		%	17.6		%
Refrigeration & Food Equipment	9.7		%	14.7		%	15.6		%	13.6		%	10.9		%	16.3		%	14.8		%	14.2		%	6.7		%	12.4		%
Total Segment	13.5		%	15.6		%	17.0		%	15.4		%	16.9		%	18.6		%	18.8		%	18.1		%	14.8		%	17.3		%
DEPRECIATION AND AMORTIZATION EXPENSE
Energy	$	34,427		$	32,740		$	31,858		$	99,025		$	25,575		$	25,807		$	27,145		$	78,527		$	33,429		$	111,956
Engineered Systems	14,526			14,392			14,503			43,421			15,850			15,982			15,334			47,166			14,780			61,946
Fluids	13,848			13,648			13,367			40,863			16,366			15,308			14,019			45,693			15,210			60,903
Refrigeration & Food Equipment	16,458			16,406			16,609			49,473			17,212			17,451			17,073			51,736			16,965			68,701
Corporate	923			841			837			2,601			870			1,000			910			2,780			902			3,682
	$	80,182		$	78,027		$	77,174		$	235,383		$	75,873		$	75,548		$	74,481		$	225,902		$	81,286		$	307,188

DOVER CORPORATION

QUARTERLY SEGMENT INFORMATION

(continued)

(unaudited)(in thousands)

	2015												2014
	Q1			Q2			Q3			Q3 YTD			Q1			Q2			Q3			Q3 YTD			Q4			FY 2014
BOOKINGS
Energy	$	416,628		$	345,079		$	351,557		$	1,113,264		$	478,469		$	477,162		$	526,134		$	1,481,765		$	534,646		$	2,016,411
Engineered Systems
Printing & Identification	235,617			224,203			226,756			686,576			250,416			245,429			249,288			745,133			248,071			993,204
Industrials	337,070			336,173			338,744			1,011,987			370,949			363,773			342,687			1,077,409			374,438			1,451,847
	572,687			560,376			565,500			1,698,563			621,365			609,202			591,975			1,822,542			622,509			2,445,051
Fluids	339,310			333,695			357,032			1,030,037			362,943			375,009			350,853			1,088,805			345,553			1,434,358
Refrigeration & Food Equipment	419,659			486,793			430,681			1,337,133			493,731			542,810			459,099			1,495,640			367,567			1,863,207
Intra-segment eliminations	(628		)	(417		)	(385		)	(1,430		)	(506		)	(1,089		)	(737		)	(2,332		)	(644		)	(2,976		)
Total consolidated bookings	$	1,747,656		$	1,725,526		$	1,704,385		$	5,177,567		$	1,956,002		$	2,003,094		$	1,927,324		$	5,886,420		$	1,869,631		$	7,756,051
BACKLOG
Energy	$	212,060		$	194,819		$	156,631					$	210,846		$	206,415		$	232,739					$	233,347
Engineered Systems
Printing & Identification	108,151			103,403			100,476						131,298			128,912			115,352						110,359
Industrials	276,598			248,592			236,298						266,517			268,680			254,612						282,598
	384,749			351,995			336,774						397,815			397,592			369,964						392,957
Fluids	259,504			240,389			236,608						328,617			348,508			323,424						277,834
Refrigeration & Food Equipment	337,084			373,193			307,351						431,298			450,065			376,141						282,507
Intra-segment eliminations	(595		)	(354		)	(598		)				(374		)	(211		)	(302		)				(431		)
Total consolidated backlog	$	1,192,802		$	1,160,042		$	1,036,766					$	1,368,202		$	1,402,369		$	1,301,966					$	1,186,214

DOVER CORPORATION

QUARTERLY EARNINGS PER SHARE

(unaudited)(in thousands, except per share data*)

	2015									2014
	Q1		Q2		Q3			Q3 YTD		Q1			Q2		Q3		Q3 YTD			Q4			FY 2014
Basic earnings (loss) per common share:
Continuing operations	$	0.72	$	0.98	$	1.20		$	2.90	$	1.00		$	1.26	$	1.36	$	3.62		$	1.04		$	4.67
Discontinued operations	0.57		1.11		—			1.70		$	(0.06	)	$	0.02	$	0.04	$	—		$	(0.02	)	$	(0.02	)
Net earnings	1.30		2.10		1.20			4.59		$	0.94		$	1.29	$	1.40	$	3.62		$	1.03		$	4.65
Diluted earnings (loss) per common share:
Continuing operations	$	0.72	$	0.97	$	1.19		$	2.87	$	0.99		$	1.25	$	1.34	$	3.57		$	1.03		$	4.61
Discontinued operations	0.57		1.10		—			1.68		$	(0.06	)	$	0.02	$	0.04	$	—		$	(0.02	)	$	(0.02	)
Net earnings	1.28		2.07		1.19			4.55		$	0.93		$	1.27	$	1.38	$	3.57		$	1.02		$	4.59
Adjusted diluted earnings per common share (calculated below):
Continuing operations	$	0.72	$	0.97	$	1.14		$	2.82	$	0.97		$	1.25	$	1.31	$	3.53		$	1.01		$	4.54
Net earnings (loss) and average shares used in calculated earnings (loss) per share amounts are as follows:
Net earnings (loss):
Continuing operations	$	117,190	$	155,634	$	186,483		$	459,307	$	170,041		$	210,581	$	225,683	$	606,305		$	171,835		$	778,140
Discontinued operations	92,320		176,762		(385		)	268,697		(9,903		)	3,378		6,161		(364		)	(2,541		)	(2,905		)
Net earnings	209,510		332,396		186,098			728,004		160,138			213,959		231,844		605,941			169,294			775,235
Average shares outstanding:
Basic	161,650		158,640		155,300			158,507		169,750			166,474		166,021		167,401			164,589			166,692
Diluted	163,323		160,398		156,560			160,112		172,013			168,857		168,343		169,761			166,467			168,842

Note:
Earnings from continuing operations are adjusted by discrete tax items and other one-time gains to derive adjusted earnings from continuing operations and adjusted diluted earnings per common share as follows:
	2015								2014
	Q1		Q2		Q3		Q3 YTD		Q1		Q2			Q3		Q3 YTD		Q4		FY 2014
Adjusted earnings from continuing operations:
Earnings from continuing operations	$	117,190	$	155,634	$	186,483	$	459,307	$	170,041	$	210,581		$	225,683	$	606,305	$	171,835	$	778,140
Gains (losses) from discrete and other tax items	—		—		8,131		8,131		2,541		(635		)	5,524		7,430		3,860		11,290
Adjusted earnings from continuing operations	$	117,190	$	155,634	$	178,352	$	451,176	$	167,500	$	211,216		$	220,159	$	598,875	$	167,975	$	766,850
Adjusted diluted earnings per common share:
Earnings from continuing operations	$	0.72	$	0.97	$	1.19	$	2.87	$	0.99	$	1.25		$	1.34	$	3.57	$	1.03	$	4.61
Gains (losses) from discrete and other tax items	—		—		0.05		0.05		0.01		—			0.03		0.04		0.02		0.07
Adjusted earnings from continuing operations	$	0.72	$	0.97	$	1.14	$	2.82	$	0.97	$	1.25		$	1.31	$	3.53	$	1.01	$	4.54
* Per share data may not add due to rounding.

DOVER CORPORATION

QUARTERLY FREE CASH FLOW

(unaudited)(in thousands)

	2015												2014
	Q1			Q2			Q3			Q3 YTD			Q1			Q2			Q3			Q3 YTD			Q4			FY 2014
Cash flow from operating activities	$	131,332		$	218,911		$	282,213		$	632,456		$	28,361		$	185,013		$	292,012		$	505,386		$	444,778		$	950,164
Less: Additions to property, plant and equipment	(27,956		)	(43,807		)	(39,516		)	(111,279		)	(32,695		)	(42,550		)	(33,532		)	(108,777		)	(57,256		)	(166,033		)
Free cash flow	$	103,376		$	175,104		$	242,697		$	521,177		$	(4,334	)	$	142,463		$	258,480		$	396,609		$	387,522		$	784,131
Free cash flow as a percentage of earnings from continuing operations	88.2		%	112.5		%	130.1		%	113.5		%	(2.5		)%	67.7		%	114.5		%	65.4		%	225.5		%	100.8		%
Free cash flow as a percentage of revenue	6.0		%	10.0		%	13.6		%	9.9		%	(0.2		)%	7.3		%	12.9		%	6.9		%	19.6		%	10.1		%

EX-99.2

Earnings Conference Call Third Quarter 2015 October 20, 2015 – 9:00am CT

2 Forward looking statements and non-GAAP measures We want to remind everyone that our comments may contain forward-looking statements that are inherently subject to uncertainties and risks. We caution everyone to be guided in their analysis of Dover Corporation by referring to the documents we file from time to time with the SEC, including our Form 10-K for 2014, 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 website, www.dovercorporation.com, where considerably more information can be found. This document contains non-GAAP financial information. Reconciliations of non-GAAP measures are included either in this presentation or Dover’s earnings release and investor supplement for the third quarter 2015. 2

3 $0.20 $0.40 $0.60 $0.80 $1.00 $1.20 $1.40 Q1* Q2 Q3* Q4* Q1 Q2 Q3* Q3 2015 Performance Adjusted Earnings Per Share* (continuing operations) Q3 Q3/Q3 * Excludes discrete & other tax benefits of $0.01 in Q1 2014, $0.03 in Q3 2014, $0.02 in Q4 2014, and $0.05 in Q3 2015 (b) See Press Release for free cash flow reconciliation 3 Quarterly Comments 2014 2015  Revenue impacted by weak global macro conditions, the impact of FX, and continued tough oil & gas markets, partially offset by acquisition growth  US activity declined, largely driven by oil & gas markets and tough comps in retail refrigeration. Asian and European activity softened on reduced capex spending  Segment margin benefitted from broad-based cost and productivity initiatives, partially offsetting the impact of lower volume and business mix  Bookings decline largely driven by oil & gas markets and FX  Book-to-bill of 0.95 Note: Q4 2014 includes restructuring and other costs of $0.17; includes restructuring costs of $0.10 in Q1 2015, $0.01 in Q2 2015, and $0.05 in Q3 2015 Revenue $1.8B -11% $5.3B -9% Adj. EPS (cont.) $1.14 -13% $2.82 -20% Bookings $1.7B -12% $5.2B -12% Seg. Margin 17.0% -180 bps 15.4% -270 bps Adj. Seg. Margin (a) 17.6% -120 bps 16.1% -200 bps Organic Rev. -10% -9% Acq. Growth 3% 4% FCF (b) $243M -6% $521M 31% 9M 9M/9M (a) Adjusted for $11.5 million of restructuring in Q3 2015 and $ 38.7 million for 9m 2015

4 Revenue Q3 2015 Energy Engineered Systems Fluids Refrigeration & Food Equip Total Organic -37% 1% 1% -6% -10% Acquisitions 11% - 1% 1% 3% Currency -2% -6% -5% -2% -4% Total -28% -5% -3% -7% -11% 9M 2015 Energy Engineered Systems Fluids Refrigeration & Food Equip Total Organic -32% 3% 3% -8% -9% Acquisitions 13% - 2% 1% 4% Currency -2% -6% -6% -3% -4% Total -21% -3% -1% -10% -9%

5 Printing & ID Industrial $336 $339 $345 $352 $224 $227 $334 $357 $487 $431 $0 $200 $400 $600 $800 DE Q2 DE Q3 DES Q2 DES Q3 DF Q2 DF Q3 DRE Q2 DRE Q3 Sequential Results – Q2 2015 → Q3 2015 5 $363 $352 $366 $364 $230 $228 $352 $352 $448 $492 $0 $200 $400 $600 $800 DE Q2 DE Q3 DES Q2 DES Q3 DF Q2 DF Q3 DRE Q2 DRE Q3 Revenue -1% -12% +10% +7% Flat +1% -2% +2% Bookings

6 Energy  Revenue decline driven by persistent low demand and inventory adjustments in NA oil & gas markets – Middle East markets holding up well – Bearings & Compression’s energy-related markets weakened on slower OEM build rates  Adjusted margin of 15.1% reflects negative product mix and price pressure, partially offset by the benefits of restructuring  Bookings decline of 33% driven by macro oil & gas trends  Book-to-bill at 0.97 6 Q3 2015 Q3 2014 % Change Revenue $364 $507 -28% Earnings $ 49 $123 -60% Margin 13.4% 24.2% -1080 bps Adj. Earnings* $ 55 $123 -55% Adj. Margin* 15.1% 24.2% -910 bps Bookings $352 $526 -33% Revenue by End-Market % of Q3 Revenue Y / Y Drilling & Production 67% -31% Bearings & Compression 22% -12% Automation 11% -35% $ in millions * Q3 2015 earnings adjusted for $6M in restructuring costs

7 Engineered Systems  Modest organic revenue growth offset by impact of FX – Printing & Identification was flat organically, where solid North American results were offset by a softer Asia and order timing in Europe – Industrial’s organic growth of 1% was led by waste handling and microwave components  Adjusted margin of 18.5% reflects positive business mix and completed restructuring  Bookings decline primarily reflects impact of FX, up 2% organically  Book-to-bill of 0.98 7 Q3 2015 Q3 2014 % Change Revenue $579 $612 -5% Earnings $103 $109 -5% Margin 17.8% 17.8% Flat Adj. Earnings* $107 $109 -2% Adj. Margin* 18.5% 17.8% 70 bps Bookings $565 $592 -4% Revenue by End-Market % of Q3 Revenue Y / Y Growth Printing & Identification 39% -11% Industrial 61% -1% $ in millions * Q3 2015 earnings adjusted for $4M in restructuring costs

8 Fluids  Revenue decline driven by FX; organic growth of 1% reflects: – Solid Fluid Transfer businesses – Strong shipments of plastics-related projects in Pumps, offset by oil & gas market weakness  Strong segment margin reflects positive product mix, leverage on volume and productivity  Bookings growth primarily related to project related orders  Book-to-bill at 1.01 8 Q3 2015 Q3 2014 % Change Revenue $352 $362 -3% Earnings $ 75 $ 68 11% Margin 21.3% 18.7% 260 bps Bookings $357 $351 2% Revenue by End-Market % of Q3 Revenue Y / Y Growth Pumps 42% -7% Fluid Transfer 58% 1% $ in millions

9 Refrigeration & Food Equipment  Revenue decline primarily reflects anticipated reduced volume from a key retail refrigeration customer – Within Food Equipment, can- shaping equipment results were improved, but were impacted by a delayed large shipment  Margin improvement reflects reduced manufacturing and supply chain costs versus last year, and the benefits of restructuring  Bookings reflect normal seasonality off a lower base  Book-to-bill at 0.87 9 Q3 2015 Q3 2014 % Change Revenue $492 $529 -7% Earnings $ 77 $ 78 -2% Margin 15.6% 14.8% 80 bps Bookings $431 $459 -6% Revenue by End-Market % of Q3 Revenue Y / Y Growth Refrigeration 79% -8% Food Equipment 21% -4% $ in millions

10 Q3 2015 Overview 10 Q3 2015 Net Interest Expense $32 million, inline with forecast Corporate Expense $26 million, down $2 million from last year; reflecting continuing cost management initiatives Effective Tax Rate (ETR) Q3 rate was 27.3%, excluding discrete tax benefits of $0.05 cents. Rate reflects the benefits from restructuring international operations Capex $40 million, generally inline with expectations Share Repurchases Repurchased 1.5M shares ($100M) in quarter

11 FY 2015 Guidance  Revenue – Organic revenue: (10% - 9%) – Completed acquisitions: ≈ 3% – FX impact: (4%) – Total revenue: (11% - 10%)  Corporate expense: ≈ $107 million  Interest expense: ≈ $127 million  Full-year tax rate: ≈ 28.5%  Capital expenditures: ≈ 2.3% of revenue  FY free cash flow: ≈ 12% of revenue 2015 Organic growth rate Energy (34% - 33%) Engineered Systems ≈ 3% Fluids 2% - 3% Refrigeration & Food Equipment (8% - 7%) Total organic (10% - 9%) Acquisitions ≈ 3% (a) FX Impact (4%) Total revenue (11% - 10%) (a) Reflects completed acquisitions. Does not include Tokheim, JK or Gala

12 2015 EPS Guidance – Continuing Ops  2014 EPS – Continuing Ops (GAAP) $ 4.61 – Less 2014 tax items(1): (0.07)  2014 Adjusted EPS $ 4.54 – Net restructuring and one-time items(2): (0.04 - 0.02) – Performance including restructuring benefits & deal costs (3): (1.15 - 1.11) – Acquisitions(4): ≈ 0.04 – Shares(5): ≈ 0.21 – Interest / Corp. / Tax rate / Other (net): 0.08 - 0.09  2015 Adjusted EPS – Continuing Ops $3.68 - $3.75 – Plus 2015 tax items(6): $0.05  2015 EPS – Continuing Ops (GAAP) $3.73 - $3.80 (1) $0.01 in Q1 2014 , $0.03 in Q3 2014 and $0.02 in Q4 2014 (4) Deals completed, principally Accelerated (does not include Tokheim, JK, or Gala) (5) Based on 2015 repurchases of $600M (2) Includes restructuring charges of $0.16 in Q4 2014 and approximately $0.20 in FY 2015, and pension settlement costs of $0.01 in Q4 2014 (3) Includes restructuring benefits of $0.40 - $0.41, and deal costs of $0.02 in Q3 2015 (6) $0.05 in Q3 2015