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DOWNERS GROVE, IL -- Dover Corp. today reported second-quarter earnings from continuing operations rose 70% year-over-year to $171.9 million.

For the period ended June 30, revenue was up 29% to $1.8 billion. Organic growth accounted for 24% of the hike.

The jump was broad-based, with Electronic Technologies among the units driving the increase. Electronic Technologies includes DEK, Everett-Charles, OK International and other electronics manufacturing suppliers.

President and chief executive Robert Livingston raised the company's guidance, saying, "The strength of our first half, coupled with our solid book-to-bill, lead us to believe our full-year results will be higher than those previously communicated. We now estimate full-year revenue growth will be 16% to 18%, comprised of organic revenue growth of 13% - 15%, and growth from acquisitions of 3%."

Net earnings for the quarter were $169.9 million, including a loss from discontinued operations of $2 million.

 

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