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): July 24, 2009

DOVER CORPORATION

(Exact Name of Registrant as Specified in Charter)

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)

(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))

TABLE OF CONTENTS

EX-99.1

EX-99.2

EX-99.3

Item 2.02 Results of Operations and Financial Condition.

On July 24, 2009, Dover Corporation (i) issued the press release attached hereto as Exhibit 99.1 announcing its results of operations for the quarter ended June 30, 2009; and (ii) posted on its website at http://www.dovercorporation.com the investor supplement attached hereto as Exhibit 99.2 for the quarter ended June 30, 2009 and the presentation slides attached hereto as Exhibit 99.3 for the quarter ended June 30, 2009.

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 exhibits are furnished as part of this report:

99.1	Press Release of Dover Corporation, dated July 24, 2009.
99.2	Investor Supplement Posted on Dover Corporation’s Website at http://dovercorporation.com.
99.3	Presentation Slides 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.

Date: July 24, 2009	DOVER CORPORATION (Registrant)
	By:	/s/ Joseph W. Schmidt
		Joseph W. Schmidt
		Vice President, General Counsel & Secretary

EXHIBIT INDEX

Number	Exhibit
99.1	Press Release of Dover Corporation, dated July 24, 2009
99.2	Investor Supplement Posted on Dover Corporation’s Website at http://dovercorporation.com
99.3	Presentation Slides Posted on Dover Corporation’s Website at http://dovercorporation.com

EX-99.1

Exhibit 99.1

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

DOVER CORPORATION REPORTS SECOND QUARTER 2009 RESULTS

• Reports revenue of $1.4 billion and diluted earnings per share of $0.54

• Delivers free cash flow of $165 million

• Sees stabilizing order rates across the majority of the portfolio

• Provides revised earnings per share guidance of $1.75 — $2.00

New York, New York, July 24, 2009 — Dover Corporation (NYSE: DOV) announced today that for the second quarter ended June 30, 2009, earnings from continuing operations were $100.9 million or $0.54 diluted earnings per share (“EPS”), compared to $186.9 million or $0.98 EPS from continuing operations in the prior-year period, representing decreases of 46% and 45%, respectively. Revenue for the second quarter of 2009 was $1.4 billion, a decrease of 31% over the prior-year period. The revenue decrease was driven by a decline in core business revenue of 29%, a negative impact of foreign exchange of 3% and a 1% increase from net acquisitions.

Earnings from continuing operations for the six months ended June 30, 2009 were $162.0 million or $0.87 EPS, compared to $334.8 million or $1.74 EPS in the prior-year period, representing decreases of 52% and 50%, respectively. Revenue for the six month period ended June 30, 2009 was $2.8 billion, a decrease of 29% over the prior year period, and reflected a decline in core business revenue of 26% and a negative impact of foreign exchange of 3%. Earnings for both periods were favorably impacted by the expected benefits recognized for tax positions that were effectively settled in the quarter, resulting in a quarterly tax rate of 1.1% and a year-to-date tax rate of 17.4%.

Commenting on the second quarter results, Dover’s President and Chief Executive Officer, Robert A. Livingston, said, “The weak year-over-year revenue trends seen in the first quarter continued into the second quarter across a large portion of our portfolio. While revenue was consistent with first quarter levels, both operating margin and earnings before taxes improved sequentially, largely reflecting the net benefits of our restructuring actions. This improvement, though modest, was achieved as we continued to make significant investments in long-term value creating initiatives, such as global supply chain. Despite tepid market conditions, we continued to execute on our objectives of delivering double-digit margins and focusing on cash flow. I am pleased that we achieved 11%+ operating margins and generated free cash flow of $165.5 million in the quarter. Free cash flow was 11.9% of revenue for the quarter, and 9.0% of revenue year-to date, signifying the strong focus our business leaders have in delivering solid results in a down market. Further, order trends improved on a sequential basis over the first quarter, suggesting a more stable demand environment.”

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“We also continued to improve our long-term competitive position through thoughtful capital allocation. During the quarter, Hill Phoenix, a leading manufacturer of refrigeration systems and cases, acquired select assets of Tyler Refrigeration, a provider of similar products. This opens up additional business opportunities and allows us to better leverage the manufacturing and customer service capabilities inherent at Hill Phoenix. This acquisition underscores our commitment to grow our company in markets where we already exhibit strength and expertise.”

“Though quarterly order rates stabilized across most of our businesses, we still do not anticipate a meaningful second half recovery in the majority of our end-markets and distribution channels, resulting in a full year decrease in revenue of 24% — 26%. Based on this reduced revenue forecast, we estimate full year earnings per share will be in the range of $1.75 — $2.00. While demand levels are hard to predict, we will continue to work diligently to control our costs, while still pursuing the global supply chain initiative, so that we will be positioned to fully participate in the eventual market recovery.”

Net earnings for the second quarter of 2009 were $97.1 million or $0.52 EPS, including a loss from discontinued operations of $3.8 million or $0.02 EPS, compared to net earnings of $135.3 million or $0.71 EPS for the same period of 2008, which included a loss from discontinued operations of $51.6 million or $0.27 EPS. Net earnings for the six months ended June 30, 2009 were $150.5 million or $0.81 EPS, including a loss from discontinued operations of $11.5 million or $0.06 EPS, compared to net earnings of $282.5 million or $1.47 EPS for the same period of 2008, which included a loss from discontinued operations of $52.4 million or $0.27 EPS.

Dover will host a webcast of its second quarter 2009 conference call at 9:00 A.M. Eastern Time on Friday, July 24, 2009. 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 second quarter 2009 results and its operating companies can also be found on the Company website.

Dover Corporation 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.

This press release contains “forward-looking” statements within the meaning of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Such statements relate to, among other things, income, earnings, cash flows, changes in operations, operating improvements, industries in which Dover companies operate and the U.S. and global economies. Statements in this press release that are not historical may be indicated by words or phrases such as “anticipates,” “expects,” “believes,” “indicates,” “suggests,” “will,” “plans,” “supports,” “projects,” “should,” “would,” “could,” “hope,” “forecast” and “management is of the opinion,” use of 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, current economic conditions and uncertainties in the credit and capital markets; the Company’s ability to achieve expected savings from integration, synergy and other cost-control initiatives; the ability to identify and successfully consummate value-adding acquisition opportunities; increased competition and pricing pressures in the markets served by Dover’s operating companies; the ability of Dover’s companies to expand into new geographic markets and to anticipate and meet customer demands for new products and product enhancements; increases in the cost of raw materials; changes in customer demand; political events that could impact the worldwide economy; the

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impact of natural disasters and their effect on global energy markets; a downgrade in Dover’s credit ratings; international economic conditions including interest rate and currency exchange rate fluctuations; the relative mix of products and services which impacts margins and operating efficiencies; short-term capacity constraints; domestic and foreign governmental and public policy changes including environmental regulations and tax policies (including domestic and international export subsidy programs, R&E credits and other similar programs); unforeseen developments in contingencies such as litigation; protection and validity of patent and other intellectual property rights; the cyclical nature of some of Dover’s companies; domestic housing industry weakness; and continued events in the Middle East and possible future terrorist threats and their effect on the worldwide economy. 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.

EX-99.2

Exhibit 99.2

INVESTOR SUPPLEMENT — SECOND QUARTER 2009

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

	Three Months Ended June 30						Six Months Ended June 30
	2009			2008			2009			2008
Revenue	$	1,390,331		$	2,010,978		$	2,769,417		$	3,876,464
Cost of goods and services		897,021			1,271,359			1,793,963			2,457,299
Gross profit		493,310			739,619			975,454			1,419,165
Selling and administrative expenses		364,962			446,531			732,352			890,306
Operating earnings		128,348			293,088			243,102			528,859
Interest expense, net		24,840			27,388			47,238			50,819
Other expense (income), net		1,513			1,186			(223	)		3,719
Total interest/other expense, net		26,353			28,574			47,015			54,538
Earnings before provision for income		—						—			—
taxes and discontinued operations		101,995			264,514			196,087			474,321
Provision for income taxes		1,121			77,604			34,118			139,480
Earnings from continuing operations		100,874			186,910			161,969			334,841
Loss from discontinued operations, net		(3,794	)		(51,634	)		(11,463	)		(52,387	)
Net earnings	$	97,080		$	135,276		$	150,506		$	282,454
Basic earnings (loss) per common share:
Earnings from continuing operations	$	0.54		$	0.99		$	0.87		$	1.76
Loss from discontinued operations, net		(0.02	)		(0.27	)		(0.06	)		(0.27	)
Net earnings		0.52			0.72			0.81			1.48
Weighted average shares outstanding		186,070			189,094			186,041			190,760
Diluted earnings (loss) per common share:
Earnings from continuing operations	$	0.54		$	0.98		$	0.87		$	1.74
Loss from discontinued operations, net		(0.02	)		(0.27	)		(0.06	)		(0.27	)
Net earnings		0.52			0.71			0.81			1.47
Weighted average shares outstanding		186,292			190,589			186,198			191,966
Dividends paid per common share	$	0.25		$	0.20		$	0.50		$	0.40

The following table is a reconciliation of the share amounts used in computing earnings per share:

	Three Months Ended June 30				Six Months Ended June 30
	2009		2008		2009		2008
Weighted average shares outstanding — Basic		186,070		189,094		186,041		190,760
Dilutive effect of assumed exercise of employee stock options/SAR’s		222		1,495		157		1,206
Weighted average shares outstanding — Diluted		186,292		190,589		186,198		191,966
Anti-dilutive options/SAR’s excluded from diluted EPS computation		13,365		3,778		13,538		3,778

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

	2008																		2009
							Q2																		Q2
	Q1			Q2			YTD			Q3			Q4			FY 2008			Q1			Q2			YTD
REVENUE
Industrial Products
Material Handling	$	287,208		$	306,988		$	594,196		$	286,568		$	256,105		$	1,136,869		$	186,651		$	153,574		$	340,225
Mobile Equipment		329,723			342,228			671,951			343,261			308,210			1,323,422			248,292			229,521			477,813
Eliminations		(157	)		(210	)		(367	)		(218	)		(201	)		(786	)		(152	)		(147	)		(299	)
		616,774			649,006			1,265,780			629,611			564,114			2,459,505			434,791			382,948			817,739
Engineered Systems
Product Identification		231,526			249,250			480,776			234,868			208,825			924,469			177,357			193,019			370,376
Engineered Products		267,696			289,479			557,175			289,778			238,928			1,085,881			223,427			274,398			497,825
		499,222			538,729			1,037,951			524,646			447,753			2,010,350			400,784			467,417			868,201
Fluid Management
Energy		213,003			236,461			449,464			249,656			236,294			935,414			176,334			138,415			314,749
Fluid Solutions		188,328			210,207			398,535			202,054			178,223			778,812			154,488			156,897			311,385
Eliminations		(32	)		(38	)		(70	)		(28	)		(82	)		(180	)		(50	)		(42	)		(92	)
		401,299			446,630			847,929			451,682			414,435			1,714,046			330,772			295,270			626,042
Electronic Technologies		351,757			379,958			731,715			362,446			301,970			1,396,131			214,035			245,953			459,988
Intra-segment eliminations		(3,566	)		(3,345	)		(6,911	)		(2,609	)		(1,624	)		(11,144	)		(1,296	)		(1,257	)		(2,553	)
Total consolidated revenue	$	1,865,486		$	2,010,978		$	3,876,464		$	1,965,776		$	1,726,648		$	7,568,888		$	1,379,086		$	1,390,331		$	2,769,417
NET EARNINGS
Segment Earnings:
Industrial Products	$	78,838		$	87,925		$	166,763		$	74,690		$	58,287		$	299,740		$	34,545		$	25,421		$	59,966
Engineered Systems		62,996			80,045			143,041			82,032			53,480			278,553			43,305			57,462			100,767
Fluid Management		85,139			97,878			183,017			102,232			100,068			385,317			75,441			55,573			131,014
Electronic Technologies		36,234			51,029			87,263			53,826			52,552			193,641			(12,110	)		17,993			5,883
Total Segments		263,207			316,877			580,084			312,780			264,387			1,157,251			141,181			156,449			297,630
Corporate expense / other		(29,969	)		(24,975	)		(54,944	)		(30,785	)		(29,466	)		(115,195	)		(24,691	)		(29,614	)		(54,305	)
Net interest expense		(23,431	)		(27,388	)		(50,819	)		(25,924	)		(19,294	)		(96,037	)		(22,398	)		(24,840	)		(47,238	)
Earnings from continuing operations before provision for income taxes		209,807			264,514			474,321			256,071			215,627			946,019			94,092			101,995			196,087
Provision for income taxes		61,876			77,604			139,480			65,736			46,045			251,261			32,997			1,121			34,118
Earnings from continuing operations		147,931			186,910			334,841			190,335			169,582			694,759			61,095			100,874			161,969
Earnings (loss) from discontinued operations, net		(753	)		(51,634	)		(52,387	)		(2,685	)		(48,855	)		(103,927	)		(7,669	)		(3,794	)		(11,463	)
Net earnings	$	147,178		$	135,276		$	282,454		$	187,650		$	120,727		$	590,831		$	53,426		$	97,080		$	150,506
SEGMENT OPERATING MARGIN
Industrial Products		12.8	%		13.5	%		13.2	%		11.9	%		10.3	%		12.2	%		7.9	%		6.6	%		7.3	%
Engineered Systems		12.6	%		14.9	%		13.8	%		15.6	%		11.9	%		13.9	%		10.8	%		12.3	%		11.6	%
Fluid Management		21.2	%		21.9	%		21.6	%		22.6	%		24.1	%		22.5	%		22.8	%		18.8	%		20.9	%
Electronic Technologies		10.3	%		13.4	%		11.9	%		14.9	%		17.4	%		13.9	%		-5.7	%		7.3	%		1.3	%
Total Segment		14.1	%		15.8	%		15.0	%		15.9	%		15.3	%		15.3	%		10.2	%		11.3	%		10.7	%

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

	2008																		2009
							Q2																		Q2
	Q1			Q2			YTD			Q3			Q4			FY 2008			Q1			Q2			YTD
BOOKINGS
Industrial Products
Material Handling	$	296,278		$	313,199		$	609,477		$	292,436		$	207,115		$	1,109,028		$	118,343		$	126,224		$	244,567
Mobile Equipment		360,324			318,059			678,383			295,240			204,257			1,177,880			210,558			245,937			456,495
Eliminations		(296	)		(385	)		(681	)		(193	)		(260	)		(1,134	)		(22	)		(202	)		(224	)
		656,306			630,873			1,287,179			587,483			411,112			2,285,774			328,879			371,959			700,838
Engineered Systems
Product Identification		239,547			250,538			490,085			233,196			197,431			920,712			175,680			205,736			381,416
Engineered Products		284,257			279,673			563,930			260,227			219,716			1,043,873			236,354			259,868			496,222
		523,804			530,211			1,054,015			493,423			417,147			1,964,585			412,034			465,604			877,638
Fluid Management
Energy		233,662			252,535			486,197			268,390			209,930			964,517			142,722			132,855			275,577
Fluid Solutions		197,289			217,466			414,755			195,253			161,351			771,359			150,376			159,483			309,859
Eliminations		(24	)		(32	)		(56	)		(31	)		(91	)		(178	)		(42	)		(39	)		(81	)
		430,927			469,969			900,896			463,612			371,190			1,735,698			293,056			292,299			585,355
Electronic Technologies		360,337			384,790			745,127			363,535			233,720			1,342,382			223,707			243,274			466,981
Intra-segment eliminations		(2,992	)		(3,490	)		(6,482	)		(1,755	)		(1,182	)		(9,419	)		(1,294	)		(1,436	)		(2,730	)
Total consolidated bookings	$	1,968,382		$	2,012,353		$	3,980,735		$	1,906,298		$	1,431,987		$	7,319,020		$	1,256,382		$	1,371,700		$	2,628,082
BACKLOG
Industrial Products
Material Handling	$	228,082		$	235,284					$	240,009		$	188,591					$	120,066		$	93,247
Mobile Equipment		575,070			549,430						498,908			387,329						349,358			368,315
Eliminations		(171	)		(186	)					(161	)		(220	)					(48	)		(143	)
		802,981			784,528						738,756			575,700						469,376			461,419
Engineered Systems
Product Identification		79,956			82,196						76,247			61,195						57,801			66,288
Engineered Products		244,981			235,513						205,127			183,821						196,394			245,165
		324,937			317,709						281,374			245,016						254,195			311,453
Fluid Management
Energy		106,540			119,033						133,713			95,532						58,771			54,734
Fluid Solutions		85,130			91,870						82,998			64,471						60,781			63,788
Eliminations		(6	)		—						(3	)		(12	)					(5	)		(1	)
		191,664			210,903						216,708			159,991						119,547			118,521
Electronic Technologies		246,711			251,403						248,725			175,317						186,850			185,512
Intra-segment eliminations		(2,038	)		(1,424	)					(540	)		(61	)					(42	)		(242	)
Total consolidated backlog	$	1,564,255		$	1,563,119					$	1,485,023		$	1,155,963					$	1,029,926		$	1,076,663
ACQUISITION RELATED DEPRECIATION AND AMORTIZATION EXPENSE *
Industrial Products	$	9,215		$	8,070		$	17,285		$	7,805		$	7,193		$	32,283		$	8,387		$	7,709		$	16,096
Engineered Systems		6,109			6,116			12,225			6,103			6,066			24,394			6,070			6,437			12,507
Fluid Management		3,914			5,607			9,521			5,422			4,607			19,550			4,828			4,592			9,420
Electronic Technologies		8,902			9,416			18,318			9,304			8,859			36,481			8,287			8,217			16,504
	$	28,140		$	29,209		$	57,349		$	28,634		$	26,725		$	112,708		$	27,572		$	26,955		$	54,527

*    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.

DOVER CORPORATION
QUARTERLY EARNINGS PER SHARE
(unaudited) (in thousands)

	2008															2009
	Q1			Q2			Q3			Q4			FY 2008			Q1			Q2			YTD
Basic earnings (loss) per common share:
Continuing operations	$	0.77		$	0.99		$	1.02		$	0.91		$	3.69		$	0.33		$	0.54		$	0.87
Discontinued operations		(0.00	)		(0.27	)		(0.01	)		(0.26	)		(0.55	)		(0.04	)		(0.02	)		(0.06	)
Net earnings		0.76			0.72			1.01			0.65			3.13			0.29			0.52			0.81
Diluted earnings (loss) per common share:
Continuing operations	$	0.77		$	0.98		$	1.01		$	0.91		$	3.67		$	0.33		$	0.54		$	0.87
Discontinued operations		(0.00	)		(0.27	)		(0.01	)		(0.26	)		(0.55	)		(0.04	)		(0.02	)		(0.06	)
Net earnings		0.76			0.71			1.00			0.65			3.12			0.29			0.52			0.81

EX-99.3

TABLE OF CONTENTS

Exhibit 99.3

Dover Corporation Second Quarter 2009 Conference Call July 24, 2009 9:00 am

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.

3 Dover's Q2 2009 Performance Continuing Earnings Per Share 2006 2007 2008 $2.90 $3.30 $3.67 Revenue $ 1.4B -31% EPS (continuing) $0.54 -45% Segment Margins 11.3% -450 bps Organic Revenue - 29% Net Acquisition Growth 1% Free Cash Flow $165M -13% Quarterly revenue decline reflected weakness in virtually all end-markets, and in all geographies Segment margins improved sequentially to above 11%, driven by restructuring efforts and revenue mix Free cash flow generation of $165 million was strong at 164% of net earnings from continuing operations, and 12% of revenue Quarterly bookings improved sequentially at all segments and platforms except Energy Low tax rate driven by benefits recognized for tax positions effectively settled during the quarter Q2 Q2/Q2 2009 $0.87

4 Revenue Q2 2009 Industrial Products Engineered Systems Fluid Management Electronic Technologies Total Dover Organic -39% -14% -31% -29% -29% Net Acquisitions (A) 0% 6% 0% -2%(B) 1% Currency -2% -5% -3% -4% -3% Total -41% -13% -34% -35% -31% (A) Acquisition growth was 1.6% for Q2 before dispositions (B) Reflects the disposition of an Everett Charles company in Q4 2008

5 PERFORMANCECOUNTS Target Q2 2009 Inventory Turns 8.0 6.4 Earnings Growth 10% -46% Segment Operating Margins 15% 11.3% WC as a % of Revenue <20% 19.9% ROI (Operating) 25% 21.7% Dover met 1 out of 5 metrics for Q2 2009

6 Sequential Results - Q2 Material Handling Fluid Solutions Mobile Equipment Energy Product Identification Engineered Products ^ 12% ^ 17% ^ 13% Electronic Technologies

7 Industrial Products Revenue ($ in millions) Operating Earnings ($ in millions) ^ 35% ^ 41% ^ 64% ^ 71% Lower revenue primarily driven by continued weakness in infrastructure and energy end- markets Restructuring actions ongoing, helped dampen effects of low volume Quarterly bookings improved sequentially at both platforms, suggesting some stability in end- markets Heil Environmental, driven by municipal and independent orders, and Sargent, driven by strong military business were the relative outperformers

8 Engineered Systems Revenue ($ in millions) Operating Earnings ($ in millions) ^ 16% ^ 13% Revenue gains from Tyler acquisition ($33M) were offset by weakness in most other end- markets; Refrigeration cases and systems remained solid •Earnings impacted by lower volume, partially offset by restructuring efforts •Bookings improved 13% sequentially, yielding a book-to- bill of 1.00 Product ID business trends improved sequentially through the quarter indicating modest recovery in the distributor channel ^ 30% ^ 28%

9 Fluid Management Revenue ($ in millions) Operating Earnings ($ in millions) ^ 26% ^ 34% ^ 28% ^ 43% Revenue decrease driven by substantially lower volume, particularly in oil and gas drilling and production Earnings decrease driven by volume decline, offset by internal initiatives and restructuring; margins remain strong Bookings sequentially improved in Fluid Solutions, while the pace of bookings decline significantly moderated in the Energy Stable NA rig count and commodity prices indicate the bottom of the cycle may be near

10 Electronic Technologies Revenue ($ in millions) Operating Earnings ($ in millions) ^ 37% ^ 35% ^ 93% ^ 65% Revenue decline driven by significantly weaker volume in electronic assembly markets, partially offset by growth at Knowles Earnings decline primarily driven by volume; substantial sequential earnings improvement the result of restructuring efforts, modest electronic assembly pick-up and solid Knowles performance Strong quarterly bookings improvement in electronic assembly companies MEMS, hearing aid, military/space and China telecom to remain solid

11 Geographic Revenue Mix (6 months ended June 30, 2009) Dover Growth Rate: -29% YTD 2009 Growth Rate - -31.0% - -33.5% - -34.6% - -24.7%

Q2 2009 Overview Q2 2009 YTD 2009 Free Cash Flow $165.5 million, 12% of revenue, and 164% of net earnings $248.9 million, 9% of revenue, and 154% of net earnings Net Interest Expense $24.8 million, down $2.5 million from lower CP outstanding at lower rates $47.2 million, down $3.6 million YTD Net Debt to Capital 22.6%, down 230 basis points, reflecting lower debt levels Effective Tax Rate (ETR) 1.1%, reflecting the benefit recognized for tax positions effectively settled in the quarter 17.4%, reflecting the benefits of the second quarter settlement Corporate Expense $29.6 million, up $4.6 million, driven by accelerated global procurement initiative investment $54.3 million, $1 million lower YTD 12

Restructuring Update - Q2 13 Highlights Electronic Technologies continued to right-size operations and completed restructuring efforts Industrial Products continues to respond to markets weaker than anticipated Engineered Systems takes cost out of Product Identification platform FY Savings Savings from 2009 programs still on track for $125M Incremental savings from 2008 programs is $50M $19M $10M $9M

14 Revised 2009 Guidance Revenue: Core revenue: ^ (21% - 23%) Impact of FX: ^ ( 3%) Total revenue: ^ (24% - 26%) Capital expenditures: $100 - $120 million Interest expense: $92 - $97 million Full-year tax rate: 25% - 26% Free cash flow for full year: > 10% of revenue Corporate expenses: $110 - $115 million Full year EPS: $1.75 - $2.00