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Dover Reports Second Quarter 2005 Results

Resource from:  CBCC Likes:2931
Jul 22,2005
NEW YORK, July 21, 2005 /PRNewswire-FirstCall via COMTEX/ -- Dover Corporation (NYSE: DOV) earned $123.5 million or $0.61 diluted earnings per share ("EPS") from continuing operations for the second quarter ended June 30, 2005, compared to $108.0 million or $0.53 EPS from continuing operations in the prior year, an increase of 14% and 15%, respectively. Net earnings for the second quarter of 2005 were $173.2 million or $0.85 EPS, including $49.7 million or $0.24 EPS from the sale of a discontinued operation, compared to $112.3 million or $0.55 EPS for the same period of 2004, which included $4.2 million earnings from discontinued operations or $0.02 EPS. Sales for the second quarter of 2005 were a record $1,584.5 million, an increase of 16%, and earnings and earnings per share are at their highest level since the fourth quarter of 2000. The full text of the second quarter earnings release as well as additional information on Dover's second 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 second quarter 2005 conference call at 9:00 A.M. Eastern Time on Friday, July 22, 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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