8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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FORM 8-K

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CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 23, 2017

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DOVER CORPORATION

(Exact name of registrant as specified in its charter)

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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))

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 7.01 Regulation FD Disclosure.

Dover Corporation (the “Company” or “Dover”) will present at the Electrical Products Group Conference on Tuesday, May 23 at 7:30 a.m. Eastern time. A copy of the slide presentation to be used by the Company is attached as Exhibit 99.1 to this Current Report on Form 8-K. A link to the live audio webcast of the presentation and related materials will be available on the Company’s website (www.dovercorporation.com) and a replay of the webcast will be available on the website for approximately 90 days.

Exhibit 99.1 contains “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Such statements concern future events and 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 address matters that are uncertain, including, by way of example only: operating and strategic plans, future sales, earnings, cash flows, margins, organic growth, growth from acquisitions, restructuring charges, cost structure, capital expenditures, capital allocation, capital structure, dividends, cash flows, exchange rates, tax rates, interest rates, interest expense, changes in operations and trends in industries in which our businesses operate, anticipated market conditions and our positioning, global economies, and operating improvements. Forward-looking statements are subject to inherent risks and

uncertainties that could cause actual results to differ materially from current expectations. 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.

The information in this report (including Exhibit 99.1) shall not be deemed to be “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liability of that Section, and shall not be incorporated by reference into any registration statement or other document filed by Dover under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

99.1     Dover Corporation Presentation dated May 23, 2017.

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:	May 23, 2017	DOVER CORPORATION
		(Registrant)
		By:	/s/ Ivonne M. Cabrera
			Ivonne M. Cabrera
			Senior Vice President, General Counsel & Secretary

EXHIBIT INDEX

Number	Exhibit
99.1	Dover Corporation Presentation dated May 23, 2017.

EX-99.1

EPG Conference May 23, 2017 Bob Livingston President & Chief Executive Officer Exhibit 99.1

2 Forward looking statements 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 by referring to the documents we file from time to time with the SEC, including our Form 10-K for 2016 and our Form 10-Q for the first quarter of 2017, 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, dovercorporation.com, where considerably more information can be found.

3 Our strategy to create long-term value  Build platforms in key markets with significant growth potential  Capitalize on our expertise by providing a larger suite of products and solutions to customers on a global basis  Innovate to launch new products to help customers win in their markets  Expand margin utilizing productivity and continuous improvement (“CI”) processes across the organization 3

4 $1.4 $2.5 $2.3 $1.6 2017F Revenue Refrigeration & Food Equipment • Retail refrigeration • Food equipment • Heat transfer solutions Fluids • Retail fueling • Hygienic & Pharma • Pumps Engineered Systems • Marking & Coding • Digital Printing • Refuse Handling & Auto Service equipment Energy Refrigeration & Food Equip. Identify attractive companies to acquire leveraging our in-depth knowledge of customers, markets and opportunities Incentivize and invest in our businesses to improve their overall performance by applying management tools and systems Segments, key platforms, and unique capabilities Energy • Drilling & Artificial Lift • Automation • Bearings & Compression $ in billions Engineered Systems Fluids Foster a unique culture where our businesses embrace their responsibility of helping our customers win in their markets ≈ ≈ ≈ ≈

5 Select growth markets at a glance - Energy Estimated market size $8.0B $4.0B 2017 – 2019 est. market CAGR Key competitors Drilling & Artificial Lift (USS, DAL) Bearings & Compression (Waukesha, Cook) 2017F DOV revenues ~$775M ~$150M high potential growth tied to rig count growth and new well completions Key growth drivers • Oil price stability/growth • NA rig count growth • Increased well completion activity • Shale activity growth • New product introductions Automation (DEA) $4.0B ~$290M low-singles • Increasing use of natural gas in power gen • Growing installed base of reciprocating and rotating machinery • Global energy demand and gas production high potential growth tied to well completions and productivity spend • Increased well completion activity • Focus on productivity thru software solutions • New products • Customer adoption

6 Select growth markets at a glance - Engineered Systems Text Estimated market size $2.0B $3.5B 2017 – 2019 est. market CAGR double- digits Key competitors Digital Printing (MS, JK, Caldera) Refuse Handling & Vehicle Service Equipment (ESG, VSG) 2017F DOV revenues ~$850M <$200M ~$965M $8.5B Marking & Coding (MI) mid-singles low-to-mid singles Key growth drivers • Growing consumerism in developing economies • Food safety concerns • Logistics • New packaging designs and materials • Growth in fast fashion • Water conservation • Print quality and consistency • Flexibility • Productivity • Productivity • Safety • Environmental concerns • Growth in recycling • Increasing average age of vehicles • Growing global car park • New materials used in auto manufacturing

7 Select growth markets at a glance - Fluids Estimated market size $2.0B $7.0B 2017 – 2019 est. market CAGR Key competitors 2017F DOV revenues ~$1.3B ~$250M Retail Fueling (OPW, Wayne,Tokheim, Fairbanks) low-to-mid singles, plus EMV lift mid-to-high singles Key growth drivers Hygenic & Pharma (Hydro, CPC, certain PSG brands) • Recent acquisitions • EMV upgrade cycle • Environmental and safety regulations • Remote monitoring and SaaS • Increasing miles driven • Auto growth in developing markets • Health and safety concerns • Growing single use adoption • Expanding applications • Aging demographics Pumps (PSG, Maag) $15.0B + ~$675M low-to-mid singles • Significant global petrochemical investment • Low feedstock prices • Worldwide growth of plastics usage • Global industrial growth

8 Select growth markets at a glance - Refrigeration & Food Equipment Estimated market size $6.0B $2.5B $11.0B 2017 – 2019 est. market CAGR Key competitors Retail Refrigeration (Hillphoenix & Anthony) 2017F DOV revenues ~$300M ~$1.2B ~$215M Food Equipment (UB & Belvac) low-singles mid-singles mid-singles Key growth drivers Heat Transfer Solutions (SWEP) • Regulation/Energy efficiency • Changing trends in merchandising • Fresh & healthy • Rising wages drive need for productivity solutions • Demographic trends • Food safety • Convergence of restaurants and food retailers • Growth in developing economies • Regulation/Energy efficiency • Expanding applications • Market adoption of brazed plate technology • Urbanization driving demand for compact solutions Alfa Laval

9 More opportunities ahead – mid-term  Markets support ongoing growth – Energy continues to recover – Engineered Systems benefits from high-growth Digital Textile Printing markets and improving global Industrial markets – Fluids growth driven by EMV tailwind and strong Hygienic & Pharma markets – Refrigeration & Food Equipment leveraging leading position in energy efficiency and specialty merchandising  Additional opportunities to expand platforms  Multiple margin expansion opportunities

10 Strong start to the year – momentum building  Strong results delivered in Q1 – Global market activity above initial expectations  Broad-based market improvement; all major geographies posted organic growth – 12% revenue growth; up 4% organically – 21% bookings growth; up 12% organically – Raised full-year revenue, margin and EPS guidance  Recent acquisitions performing very well  Forecasted FY 2017 EPS up 33% from prior year at mid-point (adjusted basis)

11 Second quarter update Revenue Bookings Margin Energy Drilling & Production Automation Bearings & Compression Engineered Systems Printing & Identification Industrial Fluids Fueling & Transport Pumps Hygienic & Pharma Refrigeration & Food Equipment Refrigeration Food Equipment : in-line with expectations : above expectations : below expectations

12 Key takeaways  Our strategy remains consistent. We have great platforms serving markets that offer ample opportunities for growth  We are anticipating strong growth and have above market expectations of this portfolio. We continue to expand our capabilities to service our customers with a focus on helping them win in their markets  We are committed to margin enhancement through our set of productivity tools and processes  We will continue to generate strong free cash flow, with capital allocation focused on growth