Dover Reports First Quarter 2005 Results

Resource from: CBCC Likes:2919

Apr 21,2005

NEW YORK, April 19 /PRNewswire-FirstCall/ -- Dover Corporation (NYSE: DOV) earned $100.3 million or $.49 diluted earnings per share (EPS) from continuing operations for the first quarter ended March 31, 2005, compared to $83.8 million or $.41 EPS from continuing operations in the comparable period last year, an increase of 20%. Net earnings for the first quarter of 2005 were $98.1 million or $.48 EPS, including $2.1 million of losses from discontinued operations compared to $83.1 million or $.41 EPS, for the same period of 2004, which included $0.7 million of losses from discontinued operations. Sales for the first quarter of 2005 were a record $1,449.0 million, an increase of 17% as compared to $1,242.4 million for the comparable period last year. The full text of the first quarter earnings release as well as additional information on Dover's first quarter 2005 results and its operating companies can also be found on the company website at http://www.dovercorporation.com. Dover will host a Webcast of its first quarter 2005 conference call at 9:00 AM Eastern Time on Wednesday, April 20, 2005. The Webcast can be accessed at the Company's website. The conference call will also be made available for replay on the website.

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