DOWNERS GROVE, IL — Dover reported fourth-quarter net earnings of $278.3 million,up 40.3% from last year.

The results include net income from discontinued operations of $69.4 million.

Revenues at the newly realigned Printing and Identification segment fell 11% year-over-year to $353.9 million. The unit includes printed circuit board industry suppliers DEK, OK International, Markem and Everett Charles Technologies, among others. After a stellar first quarter, sales in the unit have dropped three straight periods. For the year, sales were basically flat with 2010 at $1.56 billion.

For the period ended Dec. 31, overall company revenue rose 15% year-over-year to $2 billion, 6% from organic growth and 9% from
acquisitions. Earnings from continuing operations for the quarter were $208.9 million, versus $184.9 million in the prior-year period.

For the year, sales rose 20% to $8 billion, including organic growth of 11%, a 7% increase in acquisitions and a 2% impact from foreign exchange.
Earnings from continuing operations were $846.4 million, up from $690.8 million.

The conglomerate guided for 2012 revenue growth of 7% to 10%, about 4% to 7% in organic revenue.

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