FORM 8-K

0000950123-06-001417.txt : 20060209 0000950123-06-001417.hdr.sgml : 20060209 20060209172834 ACCESSION NUMBER: 0000950123-06-001417 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060209 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060209 DATE AS OF CHANGE: 20060209 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DOVER CORP CENTRAL INDEX KEY: 0000029905 STANDARD INDUSTRIAL CLASSIFICATION: CONSTRUCTION, MINING & MATERIALS HANDLING MACHINERY & EQUIP [3530] IRS NUMBER: 530257888 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-04018 FILM NUMBER: 06594384 BUSINESS ADDRESS: STREET 1: 280 PARK AVE STREET 2: 38-W CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2129221640 8-K 1 y17449e8vk.htm FORM 8-K FORM 8-K

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): February 9, 2006

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.)


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

(212) 922-1640
(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))

TABLE OF CONTENTS


	Item 2.02 Results of Operations and Financial Condition
	Item 9.01 Financial Statements and Exhibits
SIGNATURES
EXHIBIT INDEX
EX-99.1: SUPPLEMENTAL QUARTERLY FINANCIAL TABLES

Item 2.02 Results of Operations and Financial Condition

On January 26, 2006, Dover Corporation issued a press release announcing its results of operations for its quarter ended December 31, 2005, and full year 2005. Attached hereto is supplemental quarterly financial information reflecting the impact of discontinued operations with respect to each of the quarters of 2004 and 2005. Dover intends to post this information on its website promptly after filing this Current Report on Form 8-K.

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)		Not applicable

(b)		Not applicable

(c)		The following exhibit is filed as part of this report:

		Supplemental quarterly financial tables reflecting the impact of discontinued operations with respect to each of the quarters of 2004 and 2005, filed as Exhibit 99.1.

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: February 9, 2006	DOVER CORPORATION (Registrant)
	By:	/s/ Joseph W. Schmidt
		Joseph W. Schmidt, Vice President,
		General Counsel & Secretary

EXHIBIT INDEX


Number		Exhibit

99.1		Supplemental quarterly financial tables reflecting the impact of discontinued operations with respect to each of the quarters of 2004 and 2005

EX-99.1 2 y17449exv99w1.htm EX-99.1: SUPPLEMENTAL QUARTERLY FINANCIAL TABLES EX-99.1

Exhibit 99.1

DOVER CORPORATION
QUARTERLY MARKET SEGMENT INFORMATION (1)
(unaudited) (in thousands)

DIVERSIFIED


	2004												2005
	1 Qtr.			2 Qtr.			3 Qtr.			4 Qtr.			1 Qtr.			2 Qtr.			3 Qtr.			4 Qtr.

Revenue	$	147,356		$	154,382		$	148,273		$	152,436		$	185,057		$	196,969		$	185,051		$	182,006
Segment earnings		18,955			18,485			16,545			15,392			20,424			22,975			23,121			20,770
Bookings		176,705			157,935			166,871			161,717			231,308			199,741			184,191			194,965
Backlog		218,355			221,098			239,083			249,915			294,605			296,607			296,561			308,587
Book-to-Bill		1.20			1.02			1.13			1.06			1.25			1.01			1.00			1.07
Operating margin		12.9	%		12.0	%		11.2	%		10.1	%		11.0	%		11.7	%		12.5	%		11.4	%

ELECTRONICS


	2004												2005
	1 Qtr.			2 Qtr.			3 Qtr.			4 Qtr.			1 Qtr.			2 Qtr.			3 Qtr.			4 Qtr.

Revenue	$	107,997		$	113,159		$	117,878		$	134,745		$	135,599		$	141,487		$	132,263		$	212,220
Segment earnings		11,021			10,383			9,179			10,516			10,335			13,172			6,284			19,520
Bookings		118,478			114,972			111,400			132,738			147,154			134,968			136,025			239,756
Backlog		83,984			87,989			97,116			98,088			110,361			103,247			116,619			173,078
Book-to-Bill		1.10			1.02			0.95			0.99			1.09			0.95			1.03			1.13
Operating margin		10.2	%		9.2	%		7.8	%		7.8	%		7.6	%		9.3	%		4.8	%		9.2	%

INDUSTRIES


	2004												2005
	1 Qtr.			2 Qtr.			3 Qtr.			4 Qtr.			1 Qtr.			2 Qtr.			3 Qtr.			4 Qtr.

Revenue	$	181,877		$	193,136		$	195,015		$	203,412		$	201,828		$	218,028		$	213,302		$	214,187
Segment earnings		19,512			23,210			23,272			22,748			22,325			24,967			28,699			30,089
Bookings		214,676			199,487			192,876			196,833			206,242			216,801			221,982			230,298
Backlog		197,793			205,807			205,335			197,126			203,573			202,311			211,132			227,079
Book-to-Bill		1.18			1.03			0.99			0.97			1.02			0.99			1.04			1.08
Operating margin		10.7	%		12.0	%		11.9	%		11.2	%		11.1	%		11.5	%		13.5	%		14.0	%

RESOURCES


	2004												2005
	1 Qtr.			2 Qtr.			3 Qtr.			4 Qtr.			1 Qtr.			2 Qtr.			3 Qtr.			4 Qtr.

Revenue	$	290,322		$	314,640		$	336,691		$	345,934		$	371,261		$	393,845		$	404,176		$	410,030
Segment earnings		47,622			55,002			52,858			50,980			63,793			66,763			66,017			67,773
Bookings		335,553			339,118			319,815			351,251			404,634			387,635			410,102			409,252
Backlog		146,037			170,622			155,073			160,978			194,210			186,251			192,418			191,422
Book-to-Bill		1.16			1.08			0.95			1.02			1.09			0.98			1.01			1.00
Operating margin		16.4	%		17.5	%		15.7	%		14.7	%		17.2	%		17.0	%		16.3	%		16.5	%

SYSTEMS


	2004												2005
	1 Qtr.			2 Qtr.			3 Qtr.			4 Qtr.			1 Qtr.			2 Qtr.			3 Qtr.			4 Qtr.

Revenue	$	136,178		$	146,581		$	169,091		$	167,584		$	155,871		$	177,735		$	197,076		$	174,695
Segment earnings		15,501			15,941			19,095			22,942			22,037			26,910			29,221			21,920
Bookings		147,334			167,675			175,592			163,452			156,181			221,709			201,361			176,185
Backlog		100,895			121,651			128,063			124,908			125,037			170,238			172,806			174,402
Book-to-Bill		1.08			1.14			1.04			0.98			1.00			1.25			1.02			1.01
Operating margin		11.4	%		10.9	%		11.3	%		13.7	%		14.1	%		15.1	%		14.8	%		12.5	%

TECHNOLOGIES


	2004												2005
	1 Qtr.			2 Qtr.			3 Qtr.			4 Qtr.			1 Qtr.			2 Qtr.			3 Qtr.			4 Qtr.

Revenue	$	315,288		$	388,074		$	412,674		$	353,866		$	336,036		$	399,977		$	426,767		$	423,796
Segment earnings		26,583			52,815			58,065			22,123			20,941			45,706			54,554			42,462
Bookings		363,764			413,143			348,947			327,350			378,448			419,740			392,103			442,514
Backlog		195,420			235,485			175,797			165,746			205,430			218,277			186,291			203,255
Book-to-Bill		1.15			1.06			0.85			0.93			1.13			1.05			0.92			1.04
Operating margin		8.4	%		13.6	%		14.1	%		6.3	%		6.2	%		11.4	%		12.8	%		10.0	%


(1)		Excludes discontinued operations.

DOVER CORPORATION
QUARTERLY EPS & EARNINGS
(Unaudited) (in thousands)


	2004								2005
	1 Qtr.		2 Qtr.		3 Qtr.		4 Qtr.		1 Qtr.		2 Qtr.		3 Qtr.			4 Qtr.


Net earnings
Continuing operations	$	81,887	$	103,750	$	112,261	$	96,296	$	96,226	$	121,005	$	132,168		$	125,054
Discontinued operations		1,226		8,514		8,003		818		1,908		52,197		(9,488	)		(8,928	)
Net earnings		83,113		112,264		120,264		97,114		98,134		173,202		122,680			116,126

Basic earnings per common share:
Continuing operations	$	0.40	$	0.51	$	0.55	$	0.47	$	0.47	$	0.60	$	0.65		$	0.62
Discontinued operations		0.01		0.04		0.04		—		0.01		0.26		(0.05	)		(0.04	)
Net earnings		0.41		0.55		0.59		0.48		0.48		0.85		0.61			0.57

Diluted earnings per common share:
Continuing operations	$	0.40	$	0.51	$	0.55	$	0.47	$	0.47	$	0.59	$	0.65		$	0.61
Discontinued operations		0.01		0.04		0.04		—		0.01		0.26		(0.05	)		(0.04	)
Net earnings		0.41		0.55		0.59		0.47		0.48		0.85		0.60			0.57

Average Shares
Basic Average Shares		203,088		203,263		203,335		203,413		203,650		202,959		202,572			202,736
Diluted Average Shares		204,763		204,787		204,714		204,875		204,904		203,984		203,918			204,050

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Table of Contents

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