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|Dover Reports Record Fourth Quarter and Full Year 2006 Results|
NEW YORK, Jan. 31 /PRNewswire-FirstCall/ -- Dover Corporation (NYSE: DOV) announced that for the fourth quarter ended December 31, 2006, earnings from continuing operations were $156.1 million or $0.76 diluted earnings per share ("EPS"), compared to $121.6 million or $0.60 EPS in the prior-year period, representing increases of 28% and 27%, respectively. Earnings from continuing operations for the fourth quarter of 2006 included a charge of $0.02 EPS related to stock option expense. Revenue for the fourth quarter of 2006 was $1,714.7 million, an increase of 20% over the prior-year period.
For the year ended December 31, 2006, Dover's earnings from continuing operations increased 35% to $603.3 million, or $2.94 EPS, compared to the prior year, and included a charge of $0.08 EPS related to stock option expense. Revenue for the year ended December 31, 2006 was $6,511.6 million, an increase of 22% over the prior year.
Dover will host a webcast of its fourth quarter 2006 conference call at 8:00 AM Eastern Time on Wednesday January 31, 2007. 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. The full text of the fourth quarter earnings release as well as additional information on Dover's fourth quarter 2006 results and its operating companies can be found on the company website at www.dovercorporation.com .
Dover Corporation is a diversified global manufacturer of value-added products and components that serves a variety of industrial and commercial markets including energy, defense, telecommunications, product identification, waste management and refrigeration systems. For over 50 years, Dover has been providing its customers - now in over 100 countries - with outstanding products and services that reflect the company's commitment to operational excellence, innovation and market leadership. Today, Dover encompasses more than 40 operating companies with over 33,000 employees in 37 countries around the world. Headquartered in New York, the company generated over $6.5 billion in revenue in 2006. For more information, please visit www. www.dovercorporation.com .
SOURCE: Dover Corporation
CONTACT: Paul Goldberg, Treasurer & Director of Investor Relations,