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 23, 2010

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.)

3005 Highland Parkway, Suite 200
Downers Grove, Illinois 60515
(Address of Principal Executive Offices)

(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 ( 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 July 23, 2010, Dover Corporation (i) issued the press release attached hereto as Exhibit 99.1 announcing its results of operations for the quarter ended June 30, 2010; 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, 2010 and the presentation slides attached hereto as Exhibit 99.3 for the quarter ended June 30, 2010.

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 23, 2010.
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 23, 2010	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 23, 2010
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 2010 RESULTS

• Reports revenue of $1.8 billion, an increase of 29% over the prior year

• Delivers diluted earnings per share from continuing operations of $0.91, up 69% over last year

• Achieves segment operating margin of 16.9%

• Raises guidance for full year diluted earnings per share from continuing operations to $3.05 – $3.25

Downers Grove, Illinois, July 23, 2010 — Dover Corporation (NYSE: DOV) announced today that for the second quarter ended June 30, 2010, earnings from continuing operations were $171.9 million or $0.91 diluted earnings per share (“EPS”), compared to $100.9 million or $0.54 diluted EPS from continuing operations in the prior year period, representing increases of 70% and 69%, respectively. Revenue for the second quarter of 2010 was $1.8 billion, an increase of 29% over the prior-year period. The revenue increase was driven by organic growth of 24%, a 4% increase from acquisitions, and a 1% favorable impact from foreign exchange.

Earnings from continuing operations for the six months ended June 30, 2010 were $293.4 million or $1.55 diluted EPS, compared to $162.0 million or $0.87 diluted EPS in the prior-year period, representing increases of 81% and 78%, respectively. Revenue for the six months ended June 30, 2010 was $3.4 billion, an increase of 22% over the prior year period, reflecting organic growth of 15%, a 5% increase from acquisitions, and a 2% favorable impact from foreign exchange.

Commenting on the second quarter results, Dover’s President and Chief Executive Officer, Robert A. Livingston, said, “I am pleased with our strong second quarter performance. Revenue growth of 29% was higher than our expectations entering the quarter and was broad-based, with Electronic Technologies, Fluid Management, Refrigeration Equipment and Product ID leading the way. We were successful in converting the revenue increases to earnings growth, as evidenced by our 16.9% segment operating margin in the quarter. Further, order rates remained strong across the majority of our portfolio in the second quarter as we exited with a book-to-bill of 1.08.

“Looking forward, the strength of our first half, coupled with our solid book-to-bill leads us to believe our full-year results will be higher than those previously communicated. We now estimate full year revenue growth will be 16% – 18%, comprised of organic revenue growth of 13% – 15%, and growth from acquisitions of 3%. Based on these revenue assumptions, our

2

operating companies’ solid results in the first half, and our continuing strong focus on margin performance as we enter the back half of the year, we now anticipate full-year earnings per share will be in the range of $3.05 – $3.25.”

Net earnings for the second quarter of 2010 were $169.9 million or $0.90 EPS, including a loss from discontinued operations of $2.0 million or $0.01 EPS, compared to net earnings of $97.1 million or $0.52 EPS for the same period of 2009, which included a loss from discontinued operations of $3.8 million or $0.02 EPS. Net earnings for the six months ended June 30, 2010 were $278.0 million or $1.47 EPS, including a loss from discontinued operations of $15.4 million or $0.08 EPS, compared to net earnings of $150.5 million or $0.81 EPS for the same period of 2009, which included a loss from discontinued operations of $11.5 million or $0.06 EPS.

Dover will host a webcast of its second quarter 2010 conference call at 9:00 A.M. Eastern Time on Friday, July 23, 2010. 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 2010 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 it files from time to time with the Securities and Exchange Commission, such as its reports on

3

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 2010
DOVER CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS
(unaudited) (in thousands, except per share figures)

	Three Months Ended June 30,						Six Months Ended June 30,
	2010			2009			2010			2009
Revenue	$	1,786,696		$	1,390,331		$	3,369,966		$	2,769,417
Cost of goods and services		1,097,998			897,021			2,069,111			1,793,963
Gross profit		688,698			493,310			1,300,855			975,454
Selling and administrative expenses		423,809			364,962			832,978			732,352
Operating earnings		264,889			128,348			467,877			243,102
Interest expense, net		26,942			24,840			54,111			47,238
Other expense/(income), net		(4,708	)		1,513			(5,949	)		(223	)
Total interest/other expense, net		22,234			26,353			48,162			47,015
Earnings before provision for income taxes and discontinued operations		242,655			101,995			419,715			196,087
Provision for income taxes		70,762			1,121			126,337			34,118
Earnings from continuing operations		171,893			100,874			293,378			161,969
Loss from discontinued operations, net		(2,023	)		(3,794	)		(15,381	)		(11,463	)
Net earnings	$	169,870		$	97,080		$	277,997		$	150,506
Basic earnings (loss) per common share:
Earnings from continuing operations	$	0.92		$	0.54		$	1.57		$	0.87
Loss from discontinued operations, net		(0.01	)		(0.02	)		(0.08	)		(0.06	)
Net earnings		0.91			0.52			1.49			0.81
Weighted average shares outstanding		186,823			186,070			186,998			186,041
Diluted earnings (loss) per common share:
Earnings from continuing operations	$	0.91		$	0.54		$	1.55		$	0.87
Loss from discontinued operations, net		(0.01	)		(0.02	)		(0.08	)		(0.06	)
Net earnings		0.90			0.52			1.47			0.81
Weighted average shares outstanding		188,720			186,292			188,948			186,198
Dividends paid per common share	$	0.26		$	0.25		$	0.52		$	0.50

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,
	2010		2009		2010		2009
Weighted average shares outstanding — Basic		186,823		186,070		186,998		186,041
Dilutive effect of assumed exercise of employee stock options, SAR’s and performance shares	1,897			222		1,950		157
Weighted average shares outstanding — Diluted		188,720		186,292		188,948		186,198
Anti-dilutive options/SAR’s excluded from diluted EPS computation		3,790		13,365		1,501		13,538

DOVER CORPORATION — INVESTOR SUPPLEMENT
SECOND QUARTER 2010

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

	2009																		2010
							Q2																						Q2
	Q1			Q2			YTD			Q3			Q3 YTD			Q4				FY 2009			Q1			Q2			YTD
REVENUE
Industrial Products
Material Handling	$	186,651		$	153,574		$	340,225		$	154,238		$	494,463		$	165,890			$	660,353		$	189,052		$	214,295		$	403,347
Mobile Equipment		248,292			229,522			477,814			242,011			719,825			242,352				962,177			240,139			248,523			488,662
Eliminations		(152	)		(147	)		(299	)		(209	)		(508	)		(230	)			(738	)		(393	)		(432	)		(825	)
		434,791			382,949			817,740			396,040			1,213,780			408,012				1,621,792			428,798			462,386			891,184
Engineered Systems
Product Identification		177,358			193,018			370,376			211,952			582,328			219,948				802,276			212,500			219,551			432,051
Engineered Products		223,426			274,398			497,824			308,741			806,565			253,095				1,059,660			271,773			357,570			629,343
		400,784			467,416			868,200			520,693			1,388,893			473,043				1,861,936			484,273			577,121			1,061,394
Fluid Management
Energy		176,334			138,415			314,749			144,664			459,413			164,798				624,211			205,327			216,020			421,347
Fluid Solutions		154,488			156,897			311,385			164,604			475,989			170,860				646,849			175,505			187,759			363,264
Eliminations		(50	)		(43	)		(93	)		(21	)		(114	)		(36	)			(150	)		(32	)		(105	)		(137	)
		330,772			295,269			626,041			309,247			935,288			335,622				1,270,910			380,800			403,674			784,474
Electronic Technologies		214,035			245,953			459,988			275,266			735,254			291,700				1,026,954			290,989			345,607			636,596
Intra-segment eliminations		(1,297	)		(1,255	)		(2,552	)		(1,635	)		(4,187	)		(1,716	)			(5,903	)		(1,590	)		(2,092	)		(3,682	)
Total consolidated revenue	$	1,379,085		$	1,390,332		$	2,769,417		$	1,499,611		$	4,269,028		$	1,506,661			$	5,775,689		$	1,583,270		$	1,786,696		$	3,369,966
NET EARNINGS
Segment Earnings:
Industrial Products	$	34,544		$	25,421		$	59,965		$	38,119		$	98,084		$	41,673			$	139,757		$	51,039		$	61,635		$	112,674
Engineered Systems		43,305			57,463			100,768			78,194			178,962			48,306				227,268			54,843			84,655			139,498
Fluid Management		75,442			55,572			131,014			60,677			191,691			67,578				259,269			86,767			96,168			182,935
Electronic Technologies		(12,110	)		17,993			5,883			38,160			44,043			39,651				83,694			44,905			59,582			104,487
Total Segments		141,181			156,449			297,630			215,150			512,780			197,208				709,988			237,554			302,040			539,594
Corporate expense / other		(24,692	)		(29,613	)		(54,305	)		(34,106	)		(88,411	)		(29,584	)			(117,995	)		(33,325	)		(32,443	)		(65,768	)
Net interest expense		(22,398	)		(24,840	)		(47,238	)		(26,299	)		(73,537	)		(26,838	)			(100,375	)		(27,169	)		(26,942	)		(54,111	)
Earnings from continuing operations before provision for income taxes		94,091			101,996			196,087			154,745			350,832			140,786				491,618			177,060			242,655			419,715
Provision for income taxes		32,997			1,120			34,117			47,261			81,378			38,346				119,724			55,575			70,762			126,337
Earnings from continuing operations		61,094			100,876			161,971			107,484			269,455			102,440				371,894			121,485			171,893			293,378
Earnings (loss) from discontinued operations, net		(7,669	)		(3,793	)		(11,462	)		(600	)		(12,062	)		(3,394	)			(15,456	)		(13,358	)		(2,023	)		(15,381	)
Net earnings	$	53,425		$	97,083		$	150,508		$	106,884		$	257,392		$	99,046			$	356,438		$	108,127		$	169,870		$	277,997
SEGMENT OPERATING MARGIN
Industrial Products		7.9	%		6.6	%		7.3	%		9.6	%		8.1	%		10.2	%			8.6	%		11.9	%		13.3	%		12.6	%
Engineered Systems		10.8	%		12.3	%		11.6	%		15.0	%		12.9	%		10.2	%			12.2	%		11.3	%		14.7	%		13.1	%
Fluid Management		22.8	%		18.8	%		20.9	%		19.6	%		20.5	%		20.1	%			20.4	%		22.8	%		23.8	%		23.3	%
Electronic Technologies		-5.7	%		7.3	%		1.3	%		13.9	%		6.0	%		13.6	%			8.1	%		15.4	%		17.2	%		16.4	%
Total Segment		10.2	%		11.3	%		10.7	%		14.3	%		12.0	%		13.1	%			12.3	%		15.0	%		16.9	%		16.0	%

DOVER CORPORATION — INVESTOR SUPPLEMENT
SECOND QUARTER 2010

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

	2009															2010
							Q2						Q3															Q2
	Q1			Q2			YTD			Q3			YTD			Q4			FY 2009			Q1			Q2			YTD
BOOKINGS
Industrial Products
Material Handling	$	118,343		$	126,225		$	244,568		$	162,759		$	407,327		$	180,349		$	587,676		$	204,098		$	223,787		$	427,885
Mobile Equipment		210,558			245,937			456,495			191,539			648,034			253,130			901,164			231,128			288,887			520,015
Eliminations		(22	)		(203	)		(225	)		(337	)		(562	)		(424	)		(986	)		(407	)		(303	)		(710	)
		328,879			371,959			700,838			353,961			1,054,799			433,055			1,487,854			434,819			512,371			947,190
Engineered Systems
Product Identification		175,680			205,736			381,416			212,642			594,058			223,301			817,359			220,410			223,203			443,613
Engineered Products		236,353			259,869			496,222			258,634			754,856			263,211			1,018,067			368,134			379,048			747,182
		412,033			465,605			877,638			471,276			1,348,914			486,512			1,835,426			588,544			602,251			1,190,795
Fluid Management
Energy		142,721			132,855			275,576			157,763			433,339			176,706			610,045			208,669			226,301			434,970
Fluid Solutions		150,376			159,482			309,858			165,601			475,459			169,639			645,098			179,037			192,035			371,072
Eliminations		(43	)		(39	)		(82	)		(41	)		(123	)		(17	)		(140	)		(85	)		(51	)		(136	)
		293,054			292,298			585,352			323,323			908,675			346,328			1,255,003			387,621			418,285			805,906
Electronic Technologies		223,707			243,274			466,981			283,035			750,016			305,266			1,055,282			358,477			394,441			752,918
Intra-segment eliminations		(1,291	)		(1,435	)		(6,482	)		(1,790	)		1,528,911			(1,600	)		(6,116	)		(1,615	)		(2,244	)		(3,859	)
Total consolidated bookings	$	1,256,382		$	1,371,701		$	3,980,735		$	1,429,805		$	5,591,315		$	1,569,561		$	5,627,449		$	1,767,846		$	1,925,104		$	3,692,950
BACKLOG
Industrial Products
Material Handling	$	120,066		$	93,247					$	102,146					$	116,658					$	131,521		$	140,452
Mobile Equipment		349,358			368,315						318,496						329,774						319,801			359,727
Eliminations		(48	)		(143	)					(170	)					(371	)					(386	)		(257	)
		469,376			461,419						420,472						446,061						450,936			499,922
Engineered Systems
Product Identification		57,801			66,288						72,523						74,700						78,976			80,550
Engineered Products		196,394			245,165						199,888						218,520						314,465			334,971
		254,195			311,453						272,411						293,220						393,441			415,521
Fluid Management
Energy		58,771			54,734						66,043						77,173						76,844			84,800
Fluid Solutions		60,781			63,788						65,081						60,540						63,535			65,639
Eliminations		(5	)		(1	)					(21	)					(2	)					(55	)		(1	)
		119,547			118,521						131,103						137,711						140,324			150,438
Electronic Technologies		186,850			185,512						194,414						206,893						271,340			318,450
Intra-segment eliminations		(42	)		(242	)					(426	)					(337	)					(362	)		(570	)
Total consolidated backlog	$	1,029,926		$	1,076,663					$	1,017,974					$	1,083,548					$	1,255,679		$	1,383,761
ACQUISITION RELATED DEPRECIATION AND AMORTIZATION EXPENSE *
Industrial Products	$	8,388		$	7,708		$	16,096		$	7,770		$	23,866		$	8,182		$	32,048		$	7,575		$	7,620		$	15,195
Engineered Systems		6,071			6,436			12,507			6,580			19,087			7,579			26,666			7,915			7,057			14,972
Fluid Management		4,828			4,592			9,420			4,432			13,852			4,537			18,389			5,429			5,591			11,020
Electronic Technologies		8,286			8,217			16,503			8,268			24,771			8,432			33,203			8,370			8,540			16,910
	$	27,573		$	26,953		$	54,526		$	27,050		$	81,576		$	28,730		$	110,306		$	29,289		$	28,808		$	58,097

* 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 — INVESTOR
SUPPLEMENT SECOND QUARTER 2010

DOVER CORPORATION
QUARTERLY EARNINGS PER SHARE
(unaudited)

	2009															2010
	Q1			Q2			Q3			Q4			FY 2009			Q1			Q2			YTD
Basic earnings (loss) per common share:
Continuing operations	$	0.33		$	0.54		$	0.58		$	0.55		$	2.00		$	0.65		$	0.92		$	1.57
Discontinued operations		(0.04	)		(0.02	)		(0.00	)		(0.02	)		(0.08	)		(0.07	)		(0.01	)		(0.08	)
Net earnings		0.29			0.52			0.57			0.53			1.91			0.58			0.91			1.49
Diluted earnings (loss) per common share:
Continuing operations	$	0.33		$	0.54		$	0.58		$	0.55		$	1.99		$	0.65		$	0.91		$	1.55
Discontinued operations		(0.04	)		(0.02	)		(0.00	)		(0.02	)		(0.08	)		(0.07	)		(0.01	)		(0.08	)
Net earnings		0.29			0.52			0.57			0.53			1.91			0.58			0.90			1.47

DOVER CORPORATION — INVESTOR
SUPPLEMENT SECOND QUARTER 2010

DOVER CORPORATION
QUARTERLY FREE CASH FLOW INFORMATION
(unaudited)(in thousands)

	2009															2010
	Q1			Q2			Q3			Q4			FY 2009			Q1			Q2
Cash From Operations	$	114,866		$	192,436		$	246,811		$	247,947		$	802,060		$	87,066		$	231,199
CAPEX		(31,475	)		(26,976	)		(24,799	)		(36,759	)		(120,009	)		(39,336	)		(46,945	)
Free Cash Flow	$	83,391		$	165,460		$	222,012		$	211,188		$	682,051		$	47,730		$	184,254
Free Cash Flow to Earnings From Continuing Operations		136.5	%		164.0	%		206.6	%		206.2	%		183.4	%		39.3	%		107.2	%

EX-99.3

Exhibit 99.3

Dover Corporation Second Quarter 2010 Conference Call July 23, 2010 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 2010 Performance Continuing Earnings Per Share 2008 $3.67 Revenue $ 1.8B 29% $ 3.4B 22% EPS (cont.) $0.91 69% $1.55 80% Segment Margins 16.9% 560 bps 16.0% 530 bps Organic Rev. Growth 24% 15% Net Acq. Growth 4% 5% FCF $184M 12% $232M 7% Quarterly revenue and earnings increases reflect improving end-markets, share gains and benefits of productivity, including restructuring and supply chain Sequential and year-over-year bookings improvement is broad-based; book-to-bill of 1.08 Segment operating margin of 16.9%; strong sequential improvement vs. Q1 2010 Organic revenue growth of 24% driven by Electronic Technologies, Energy, Refrigeration Equipment & Product Identification Q2 Q2/Q2 2009 $1.99 $1.55 2010 1H 1H/1H

4 Revenue Q2 2010 Industrial Products Engineered Systems Fluid Management Electronic Technologies Total Dover Organic 21% 14% 32% 37% 24% Net Acquisitions - 9% 4% 1% 4% Currency - - 1% 3% 1% Total 21% 23% 37% 41% 29%

5 Sequential Results - Q2 10 / Q1 10 Material Handling Fluid Solutions Mobile Equipment Energy Product Identification Engineered Products 8% 19% 18% Electronic Technologies

6 Industrial Products Revenue growth in Material Handling partially offset by softness in dry-bulk trailers and commercial aerospace Margin improvements driven by volume increases, prior restructuring and one-time gains of $4.1M Quarterly bookings up 38% driven by better non-residential construction markets and military orders Book-to-bill solid at 1.11 $ in millions Q2 2010 Q2 2009 % Change Revenue $462 $383 +21% Earnings $ 62 $ 25 +142% Margin 13.3% 6.6% 670 bps Bookings $512 $372 +38% Quarterly Comments 1H 2010 1H 2009 % Change Revenue $891 $818 +9% Earnings $113 $ 60 +88% Margin 12.6% 7.3% 530 bps Bookings $947 $701 +35%

7 Engineered Systems Revenue gains from Product ID and Hill Phoenix (including 2009 acquisitions) Improved operating margin driven by volume increases at Hill Phoenix, partially offset by net material costs at SWEP Markem-Imaje business trends remain solid; Hill Phoenix continues to benefit from active remodel programs by key customers •Bookings up 29% year-over-year reflecting strong seasonal demand at Hill Phoenix; book-to-bill is 1.04 $ in millions Quarterly Comments Q2 2010 Q2 2009 % Change Revenue $577 $467 +23% Earnings $ 85 $ 57 +47% Margin 14.7% 12.3% 240 bps Bookings $602 $466 +29% 1H 2010 1H 2009 % Change Revenue $1,061 $868 +22% Earnings $ 139 $101 +38% Margin 13.1% 11.6% 150 bps Bookings $1,191 $878 +36%

8 Fluid Management Revenue growth driven by NA rig count growth, continued penetration of horizontal drilling and solid pump demand Operating margin improved to 23.8% on volume gains and favorable mix Fluid Solutions markets showing broad-based recovery in end- market demand Bookings growth solid across the segment; book-to-bill 1.04 $ in millions Quarterly Comments Q2 2010 Q2 2009 % Change Revenue $404 $295 +37% Earnings $ 96 $ 56 +73% Margin 23.8% 18.8% 500 bps Bookings $418 $292 +43% 1H 2010 1H 2009 % Change Revenue $784 $626 +25% Earnings $183 $131 +40% Margin 23.3% 20.9% 240 bps Bookings $805 $585 +38%

9 Electronic Technologies Year-over-year revenue growth driven by strong demand for electronic assembly equipment, solar equipment and MEMS microphones Operating margin of 17.2% resulting from strong leverage on higher volume and improved cost base Product innovation driving results at Knowles and DEK Year-over-year bookings remain strong across the segment resulting is book-to-bill of 1.14 $ in millions Quarterly Comments Q2 2010 Q2 2009 % Change Revenue $346 $246 +41% Earnings $ 60 $ 18 +231% Margin 17.2% 7.3% 990 bps Bookings $394 $243 +62% 1H 2010 1H 2009 % Change Revenue $637 $460 +38% Earnings $104 $ 6 Margin 16.4% 1.3% Bookings $753 $467 +61%

Q2 2010 Overview Q2 2010 Free Cash Flow $184.3 million, 12% of revenue Net Interest Expense $26.9 million, up $3 million from prior year reflecting lower yield on investments Net Debt to Capital 18.1%, largely unchanged from year-end 2009 Effective Tax Rate (ETR) 29.2%, in-line with full-year expectations Corporate Expense $32.4 million, up $3 million reflecting costs associated with relocation and deal related expenses 10

11 2010 Guidance - Update Revenue: Core revenue: 13% - 15% 2009 Acquisitions: 3% Total revenue: 16% - 18% Corporate expense: $130 million Interest expense: $110 million Full-year tax rate: 29% - 30% Capital expenditures: 2.5% of revenue Free cash flow for full year: > 10% of revenue Full year EPS: $3.05 - $3.25

12 2010 EPS Guidance Bridge - Cont. Ops 2009 EPS - Continuing Ops $1.99 Volume, mix, price (inc. FX): $0.98 - $1.15 2009 acquisitions: $0.12 Net benefits of restructuring/productivity: $0.51 - $0.58 Compensation & benefits: ($0.20 - $0.28) Corporate expense: ($0.04) Interest: ($0.03) Tax rate / other: ($0.28 - $0.24) 2010 EPS - Continuing Ops $3.05 - $3.25