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 23, 2009

DOVER CORPORATION

(Exact Name of Registrant as Specified in Charter)

Delaware
(State or other Jurisdiction
of Incorporation) 1-4018
(Commission File Number) 53-0257888
(I.R.S. Employer
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))

Item 2.02 Results of Operations and Financial Condition.

On October 23, 2009, Dover Corporation (i) issued the press release attached hereto as Exhibit 99.1 announcing its results of operations for the quarter ended September 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 September 30, 2009 and the presentation slides attached hereto as Exhibit 99.3 for the quarter ended September 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 October 23, 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: October 23, 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 October 23, 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 THIRD QUARTER 2009 RESULTS

• Reports revenue of $1.5 billion, up 8% sequentially

• Delivers diluted earnings per share from continuing operations of $0.58

• Generates free cash flow of $222 million for the quarter, 14.8% of revenue

• Expects full year EPS to be around the midpoint of previously provided range of $1.75 — $2.00

New York, New York, October 23, 2009 — Dover Corporation (NYSE: DOV) announced today that for the third quarter ended September 30, 2009, earnings from continuing operations were $107.5 million or $0.58 diluted earnings per share (“EPS”), compared to $190.3 million or $1.01 EPS from continuing operations in the prior-year period, representing decreases of 44% and 43%, respectively. Revenue for the third quarter of 2009 was $1.5 billion, a decrease of 24% over the prior-year period. The revenue decrease was driven by a decline in core business revenue of 24%, a negative impact of foreign exchange of 2% and a 2% increase from net acquisitions.

Earnings from continuing operations for the nine months ended September 30, 2009 were $269.5 million or $1.45 EPS, compared to $525.2 million or $2.76 EPS in the prior-year period, representing decreases of 49% and 47%, respectively. Revenue for the nine month period ended September 30, 2009 was $4.3 billion, a decrease of 27% over the prior year period, and reflected a decline in core business revenue of 26%, a negative impact of foreign exchange of 3% and a 2% increase from net acquisitions.

Commenting on the third quarter results, Dover’s President and Chief Executive Officer, Robert A. Livingston, said, “The signs of stability we observed during the second quarter carried through to the third quarter across the majority of our businesses. I am pleased that we were able to leverage an 8% sequential improvement in revenue into a 38% sequential improvement in segment earnings. Operating margins expanded sequentially at all segments and came in at 14.3%, reflecting our year-long restructuring efforts. Quarterly free cash flow was $222 million, representing 14.8% of revenue for the quarter, and we are well on track to deliver another year in which our free cash flow exceeds 10% of revenue. Further, order trends continue to be stable, with some businesses, particularly our refrigeration business in Engineered Systems, beginning to see the effects of a normal seasonal slowdown.

“Consistent with our comments last quarter, we continue to anticipate full year revenue to be 24% - 26% lower than last year. Based on this expectation, we estimate full year earnings per share will be around the midpoint of our previously provided range of $1.75 — $2.00. Thanks in

2

large part to the continued disciplined focus of our business leaders, we remain well-positioned to finish the year with solid double-digit margins and strong cash flow. We are confident the steps we’ve taken to strengthen our businesses will provide us with a foundation to leverage the eventual market recovery when it occurs.”

Net earnings for the third quarter of 2009 were $106.9 million or $0.57 EPS, including a loss from discontinued operations of $.6 million, compared to net earnings of $187.7 million or $1.00 EPS for the same period of 2008, which included a loss from discontinued operations of $2.7 million or $0.01 EPS. Net earnings for the nine months ended September 30, 2009 were $257.4 million or $1.38 EPS, including a loss from discontinued operations of $12.1 million or $0.06 EPS, compared to net earnings of $470.1 million or $2.47 EPS for the same period of 2008, which included a loss from discontinued operations of $55.1 million or $0.29 EPS.

Dover will host a webcast of its third quarter 2009 conference call at 9:00 A.M. Eastern Time on Friday, October 23, 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. Additional information on Dover’s third 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 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

3

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 — THIRD QUARTER 2009

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

	Three Months Ended September 30						Nine Months Ended September 30
	2009			2008			2009			2008
Revenue	$	1,499,611		$	1,965,776		$	4,269,028		$	5,842,240
Cost of goods and services		941,345			1,261,433			2,735,308			3,718,732
Gross profit		558,266			704,343			1,533,720			2,123,508
Selling and administrative expenses		378,125			434,992			1,110,476			1,325,299
Operating earnings		180,141			269,351			423,244			798,209
Interest expense, net		26,299			25,924			73,537			76,743
Other income, net		(903	)		(12,644	)		(1,124	)		(8,926	)
Total interest expense/other income, net		25,396			13,280			72,413			67,817
Earnings before provision for income taxes and discontinued operations		154,745			256,071			350,831			730,392
Provision for income taxes		47,261			65,736			81,378			205,216
Earnings from continuing operations		107,484			190,335			269,453			525,176
Loss from discontinued operations, net		(600	)		(2,685	)		(12,063	)		(55,072	)
Net earnings	$	106,884		$	187,650		$	257,390		$	470,104
Basic earnings (loss) per common share:
Earnings from continuing operations	$	0.58		$	1.02		$	1.45		$	2.77
Loss from discontinued operations, net		—			(0.01	)		(0.06	)		(0.29	)
Net earnings		0.57			1.01			1.38			2.48
Weighted average shares outstanding		186,148			186,488			186,077			189,326
Diluted earnings (loss) per common share:
Earnings from continuing operations	$	0.58		$	1.01		$	1.45		$	2.76
Loss from discontinued operations, net		—			(0.01	)		(0.06	)		(0.29	)
Net earnings		0.57			1.00			1.38			2.47
Weighted average shares outstanding		186,358			187,706			186,321			190,531
Dividends paid per common share	$	0.26		$	0.25		$	0.76		$	0.65

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

	Three Months Ended September 30				Nine Months Ended September 30
	2009		2008		2009		2008
Weighted average shares outstanding — Basic		186,148		186,488		186,077		189,326
Dilutive effect of Stock Options SARs and Performance Shares		210		1,218		244		1,205
Weighted average shares outstanding — Diluted		186,358		187,706		186,321		190,531
Anti-dilutive equity securities excluded from diluted EPS computation		12,404		3,735		9,721		3,735

DOVER CORPORATION — INVESTOR SUPPLEMENT
THIRD QUATER 2009

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

	2008															2009
																									Q3
	Q1			Q2			Q3			Q4			FY 2008			Q1			Q2			Q3			YTD
REVENUE
Industrial Products
Material Handling	$	287,208		$	306,988		$	286,568		$	256,105		$	1,136,869		$	186,651		$	153,574		$	154,238		$	494,463
Mobile Equipment		329,723			342,228			343,261			308,210			1,323,422			248,292			229,521			242,011			719,824
Eliminations		(157	)		(210	)		(218	)		(201	)		(786	)		(152	)		(147	)		(209	)		(508	)
		616,774			649,006			629,611			564,114			2,459,505			434,791			382,948			396,040			1,213,779
Engineered Systems
Product Identification		231,526			249,250			234,868			208,825			924,469			177,358			193,019			211,952			582,329
Engineered Products		267,696			289,479			289,778			238,928			1,085,881			223,426			274,398			308,741			806,565
		499,222			538,729			524,646			447,753			2,010,350			400,784			467,417			520,693			1,388,894
Fluid Management
Energy		213,003			236,461			249,656			236,294			935,414			176,334			138,415			144,664			459,413
Fluid Solutions		188,328			210,207			202,054			178,223			778,812			154,489			156,897			164,604			475,990
Eliminations		(32	)		(38	)		(28	)		(82	)		(180	)		(51	)		(42	)		(21	)		(114	)
		401,299			446,630			451,682			414,435			1,714,046			330,772			295,270			309,247			935,289
Electronic Technologies		351,757			379,958			362,446			301,970			1,396,131			214,035			245,953			275,266			735,254
Intra-segment eliminations		(3,566	)		(3,345	)		(2,609	)		(1,624	)		(11,144	)		(1,296	)		(1,257	)		(1,635	)		(4,188	)
Total consolidated revenue	$	1,865,486		$	2,010,978		$	1,965,776		$	1,726,648		$	7,568,888		$	1,379,086		$	1,390,331		$	1,499,611		$	4,269,028
NET EARNINGS
Segment Earnings:
Industrial Products	$	78,838		$	87,925		$	74,690		$	58,287		$	299,740		$	34,544		$	25,421		$	38,119		$	98,084
Engineered Systems		62,996			80,045			82,032			53,480			278,553			43,305			57,462			78,194			178,961
Fluid Management		85,139			97,878			102,232			100,068			385,317			75,442			55,573			60,677			191,692
Electronic Technologies		36,234			51,029			53,826			52,552			193,641			(12,110	)		17,993			38,160			44,043
Total Segments		263,207			316,877			312,780			264,387			1,157,251			141,181			156,449			215,150			512,780
Corporate expense / other		(29,969	)		(24,975	)		(30,785	)		(29,466	)		(115,195	)		(24,692	)		(29,614	)		(34,106	)		(88,412	)
Net interest expense		(23,431	)		(27,388	)		(25,924	)		(19,294	)		(96,037	)		(22,398	)		(24,840	)		(26,299	)		(73,537	)
Earnings from continuing operations before provision for income taxes		209,807			264,514			256,071			215,627			946,019			94,091			101,995			154,745			350,831
Provision for income taxes		61,876			77,604			65,736			46,045			251,261			32,996			1,121			47,261			81,378
Earnings from continuing operations		147,931			186,910			190,335			169,582			694,758			61,095			100,874			107,484			269,453
Earnings (loss) from discontinued operations, net		(753	)		(51,634	)		(2,685	)		(48,855	)		(103,927	)		(7,669	)		(3,794	)		(600	)		(12,063	)
Net earnings	$	147,178		$	135,276		$	187,650		$	120,727		$	590,831		$	53,426		$	97,080		$	106,884		$	257,390
SEGMENT OPERATING MARGIN
Industrial Products		12.8	%		13.5	%		11.9	%		10.3	%		12.2	%		7.9	%		6.6	%		9.6	%		8.1	%
Engineered Systems		12.6	%		14.9	%		15.6	%		11.9	%		13.9	%		10.8	%		12.3	%		15.0	%		12.9	%
Fluid Management		21.2	%		21.9	%		22.6	%		24.1	%		22.5	%		22.8	%		18.8	%		19.6	%		20.5	%
Electronic Technologies		10.3	%		13.4	%		14.9	%		17.4	%		13.9	%		-5.7	%		7.3	%		13.9	%		6.0	%
Total Segment		14.1	%		15.8	%		15.9	%		15.3	%		15.3	%		10.2	%		11.3	%		14.3	%		12.0	%

	2008															2009
																									Q3
	Q1			Q2			Q3			Q4			FY 2008			Q1			Q2			Q3			YTD
BOOKINGS
Industrial Products
Material Handling	$	296,278		$	313,199		$	292,436		$	207,115		$	1,109,028		$	118,343		$	126,224		$	162,759		$	407,326
Mobile Equipment		360,324			318,059			295,240			204,257			1,177,880			210,558			245,937			191,539			648,034
Eliminations		(296	)		(385	)		(193	)		(260	)		(1,134	)		(22	)		(202	)		(337	)		(561	)
		656,306			630,873			587,483			411,112			2,285,774			328,879			371,959			353,961			1,054,799
Engineered Systems
Product Identification		239,547			250,538			233,196			197,431			920,712			175,679			205,736			212,642			594,057
Engineered Products		284,257			279,673			260,227			219,716			1,043,873			236,353			259,868			258,634			754,855
		523,804			530,211			493,423			417,147			1,964,585			412,032			465,604			471,276			1,348,912
Fluid Management
Energy		233,662			252,535			268,390			209,930			964,517			142,721			132,855			157,763			433,339
Fluid Solutions		197,289			217,466			195,253			161,351			771,359			150,375			159,483			165,601			475,459
Eliminations		(24	)		(32	)		(31	)		(91	)		(178	)		(42	)		(39	)		(41	)		(122	)
		430,927			469,969			463,612			371,190			1,735,698			293,054			292,299			323,323			908,676
Electronic Technologies		360,337			384,790			363,535			233,720			1,342,382			223,707			243,274			283,035			750,016
Intra-segment eliminations		(2,992	)		(3,490	)		(1,755	)		(1,182	)		(9,419	)		(1,288	)		(1,436	)		(1,790	)		(4,515	)
Total consolidated bookings	$	1,968,382		$	2,012,353		$	1,906,298		$	1,431,987		$	7,319,020		$	1,256,383		$	1,371,700		$	1,429,805		$	4,057,888

DOVER CORPORATION — INVESTOR SUPPLEMENT
THIRD QUATER 2009

	2008												2009
	Q1			Q2			Q3			Q4			Q1			Q2			Q3
BACKLOG
Industrial Products
Material Handling	$	228,082		$	235,284		$	240,009		$	188,591		$	120,066		$	93,247		$	102,146
Mobile Equipment		575,070			549,430			498,908			387,329			349,358			368,315			318,496
Eliminations		(171	)		(186	)		(161	)		(220	)		(48	)		(143	)		(170	)
		802,981			784,528			738,756			575,700			469,376			461,419			420,472
Engineered Systems
Product Identification		79,956			82,196			76,247			61,195			57,801			66,288			72,523
Engineered Products		244,981			235,513			205,127			183,821			196,394			245,165			199,888
		324,937			317,709			281,374			245,016			254,195			311,453			272,411
Fluid Management
Energy		106,540			119,033			133,713			95,532			58,771			54,734			66,043
Fluid Solutions		85,130			91,870			82,998			64,471			60,781			63,788			65,081
Eliminations		(6	)					(3	)		(12	)		(5	)		(1	)		(21	)
		191,664			210,903			216,708			159,991			119,547			118,521			131,103
Electronic Technologies		246,711			251,403			248,725			175,317			186,850			185,512			194,414
Intra-segment eliminations		(2,038	)		(1,424	)		(540	)		(61	)		(42	)		(242	)		(426	)
Total consolidated backlog	$	1,564,255		$	1,563,119		$	1,485,023		$	1,155,963		$	1,029,926		$	1,076,663		$	1,017,974

ACQUISITION RELATED DEPRECIATION AND AMORTIZATION EXPENSE *

	2008										2009
																	Q3
	Q1		Q2		Q3		Q4		FY 2008		Q1		Q2		Q3		YTD
Industrial Products	$	9,215	$	8,070	$	7,805	$	7,193	$	32,283	$	8,387	$	7,709	$	7,770	$	23,866
Engineered Systems		6,109		6,116		6,103		6,066		24,394		6,070		6,437		6,580		19,087
Fluid Management		3,914		5,607		5,422		4,607		19,550		4,828		4,592		4,432		13,852
Electronic Technologies		8,902		9,416		9,304		8,859		36,481		8,286		8,217		8,268		24,771
	$	28,140	$	29,209	$	28,634	$	26,725	$	112,708	$	27,571	$	26,955	$	27,050	$	81,576

* 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.

FREE CASH FLOW

	2008															2009
																									Q3
	Q1			Q2			Q3			Q4			FY 2008			Q1			Q2			Q3			YTD
Operations	$	153,904		$	232,074		$	354,085		$	270,353		$	1,010,416		$	114,866		$	192,436		$	246,811		$	554,113
CAPEX		(42,535	)		(42,580	)		(48,204	)		(42,476	)		(175,795	)		(31,475	)		(26,976	)		(24,799	)		(83,250	)
Free Cash Flow	$	111,369		$	189,494		$	305,881		$	227,877		$	834,621		$	83,391		$	165,460		$	222,012		$	470,863
Free Cash Flow to Earnings From Continuing Operations		75.3	%		101.4	%		160.7	%		134.4	%		120.1	%		136.5	%		164.0	%		206.6	%		174.7	%

DOVER CORPORATION — INVESTOR
SUPPLEMENT THIRD QUARTER 2009

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

	2008															2009
	Q1			Q2			Q3			Q4			FY 2008			Q1			Q2			Q3			Q3 YTD
Basic earnings (loss) per common share:
Continuing operations	$	0.77		$	0.99		$	1.02		$	0.91		$	3.69		$	0.33		$	0.54		$	0.58		$	1.45
Discontinued operations		(0.00	)		(0.27	)		(0.01	)		(0.26	)		(0.55	)		(0.04	)		(0.02	)		(0.00	)		(0.06	)
Net earnings		0.76			0.72			1.01			0.65			3.13			0.29			0.52			0.57			1.38
Diluted earnings (loss) per common share:
Continuing operations	$	0.77		$	0.98		$	1.01		$	0.91		$	3.67		$	0.33		$	0.54		$	0.58		$	1.45
Discontinued operations		(0.00	)		(0.27	)		(0.01	)		(0.26	)		(0.55	)		(0.04	)		(0.02	)		(0.00	)		(0.06	)
Net earnings		0.76			0.71			1.00			0.65			3.12			0.29			0.52			0.57			1.38

EX-99.3

Exhibit 99.3

Dover Corporation Third Quarter 2009 Conference Call October 23, 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 Q3 2009 Performance Continuing Earnings Per Share 2006 2007 2008 $2.90 $3.30 $3.67 Revenue $ 1.5B -24% EPS (continuing) $0.58 -43% Segment Margins 14.3% -160 bps Organic Revenue - 24% Net Acquisition Growth 2% Free Cash Flow $222M -27% Quarterly revenue and earnings declines reflected continuation of weak global economy, though sequential revenue and earnings improved 8% & 7% respectively indicating stability Quarterly bookings up 4% sequentially, with all segments improved except for Industrial Products Segment operating margin percent improved 300 basis points sequentially to 14.3%, due to by restructuring efforts and revenue mix Strong free cash flow generation of $222 million, 15% of revenue Q3 Q3/Q3 2009 $1.45

4 Revenue Q3 2009 Industrial Products Engineered Systems Fluid Management Electronic Technologies Total Dover Organic -36% -9% -30% -19% -24% Net Acquisitions (A) - 12% - (B) -3% 2% Currency -1% -4% -2% -2% -2% Total -37% -1% -32% -24% -24% (A) Acquisition growth was 3.3% for Q3 before dispositions (B) Reflects the disposition of a company in Q4 2008

5 PERFORMANCECOUNTS Target Q3 2009 Inventory Turns 8.0 6.2 Earnings Growth 10% - 44% Segment Operating Margins 15% 14.3% WC as a % of Revenue <20% 20.3% ROI (Operating) 25% 20.2%

6 Sequential Results - Q3 Material Handling Fluid Solutions Mobile Equipment Energy Product Identification Engineered Products ^ 3% ^ 11% ^ 5% Electronic Technologies 154 230 154 242 193 274 212 274 212 309 157 138 164 145 246 275 600 500 400 300 200 100 126 246 162 192 206 260 213 258 159 133 166 158 243 283

7 Industrial Products Revenue ($ in millions) Operating Earnings ($ in millions) ^ 36% ^ 37% ^ 59% ^ 49% Lower revenue primarily driven by continued weakness in infrastructure, automotive and energy end-markets Restructuring actions helped dampen effects of low volume Quarterly bookings down 5% sequentially, due to lower military orders Material Handling platform began to see slight uptick in orders with bookings up 29% and book-to-bill of 1.06 $630 $396 $1,895 $1,213 $75 $38 $241 $98 2008 2009

8 Engineered Systems Revenue ($ in millions) Operating Earnings ($ in millions) ^ 11% ^ 1% Revenue gains from Tyler acquisition ($65M) were offset by weakness in most other end- markets; Sequentially, revenue up 11% Operating margin improved 270 basis points sequentially driven by volume improvement and restructuring •Bookings up 1% sequentially, but book-to-bill is 0.91, reflecting normal seasonality Product ID business trends continued to improve, resulting in 10% sequential revenue growth and 1.00 book-to-bill ^ 20% ^ 5% $525 $521 $1,563 $1,389 2008 2009 $82 $78 $225 $179 2008 2009

9 Fluid Management Revenue ($ in millions) Operating Earnings ($ in millions) ^ 28% ^ 32% ^ 33% ^ 41% Year-over-year revenue decrease driven by substantially lower volume, though sequential revenue growth of 5% indicates stability Quarterly operating margin was still strong at 19.6% driven by ongoing restructuring efforts; still targeting full-year margins at 19%-20% Bookings up 11% sequentially, driven by Energy bookings improvement of 19% Modestly improving NA rig count is a positive developments

10 Electronic Technologies Revenue ($ in millions) Operating Earnings ($ in millions) ^ 33% ^ 24% ^ 69% ^ 29% Revenue decline driven by significantly weaker volume in most served markets, partially offset by growth at Knowles; Sequential revenue improved 12% Operating margin sequentially improved 660 basis points to 13.9% A strong sequential bookings improvement of 16% led to a book-to-bill of 1.03 MEMS, hearing aid, and military markets remain solid; electronic assembly continues to improve

11 Geographic Revenue Mix (9 months ended September 30, 2009) YTD Dover Growth Rate: -27% YTD 2009 Growth Rate - -26.6% - -24.8% - -33.8% - -25.0%

Q3 2009 Overview Q3 2009 YTD 2009 Free Cash Flow $222.0 million, 15% of revenue $470.8 million, 11% of revenue Net Interest Expense $26.3 million, up $400K from lower interest income due to lower rates $73.5 million, down $3.2 million YTD reflecting lower debt levels Net Debt to Capital 18.7%, down 620 basis points from year-end, reflecting lower debt levels Effective Tax Rate (ETR) 30.5%, up 480 basis points reflecting timing of benefits recognized for settlement of tax positions 23.2%, reflecting the benefits of the second quarter settlement Corporate Expense $34.1 million, up $3.3 million, due to global procurement & leverage initiatives, and deal costs $88.4 million, $2.7 million higher YTD 12 Note: All comments, with the exception of free cash flow, reflect year-over-year comparisons

Restructuring Update 13 Highlights Fourth quarter restructuring activity reflects continuation of our previously announced plans Engineered Systems will execute on plan to take cost out of Product Identification platform FY Savings Savings from 2009 programs still on track for $125M Incremental savings from 2009 programs is $30M-$40M in 2010 $9M $9M

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