Dover Corporation is... ...a multi-billion dollar, global producer of innovative equipment, specialty systems and value-added services for the industrial products, fluid management, engineered systems and electronic technology markets. ...organized into four reporting segments including six operating platforms as follows: Segments Platforms Platforms Industrial Products Material Handling Mobile Equipment Engineered Systems Product Identification Engineered Products Fluid Management Energy Fluid Solutions Electronic Technologies ...a decentralized corporation that supports autonomous operating companies focused on meeting the demands of their customers and served markets. ...a corporation that believes PERFORMANCECOUNTS and encourages its companies to exceed world-class operating metrics. ...a corporation that prides itself on exhibiting the highest ethical, moral and legal standards in the conduct of its business. ...traded on the NYSE under "DOV" with a market capitalization over $10 billion. Our Value Creation Formula Enhancing Company Performance: Dover companies benefit from exposure to a wide variety of best practices, synergistic business combinations and lean manufacturing techniques that include Six Sigma, Value Stream Mapping, 80/20 Analysis, Goal Deployment, Kaizen events, Kanban controls and many others. The continuous improvements of its companies are measured against the five world-class metrics of the PERFORMANCECOUNTS program: 8 or more inventory turns 10% or greater annual earnings growth 15% or greater operating margins 20% or less working capital 25% or greater after-tax return on investment Generating Strong Cash Flow: Dover annually generates strong free cash flow at 8 to 10% of revenue to fund its strategic growth initiatives. Supporting Growth Initiatives: Dover has a long history as a successful acquirer of niche manufacturing companies. We buy "GOOD" companies and make them "GREAT" by funding their internal growth initiatives, exposing them to best practices and measuring their success against the PERFORMANCECOUNTS metrics. Dover's acquisition efforts are focused on finding new growth platforms within its four segments or integrating synergistic acquisitions into its operating companies. As a corporation, acquisition investment is targeted at 8 to 10% of revenue. Over a business cycle, operating companies target organic growth at 5 to 7% of revenue. Focusing On Shareholder Returns: Dover has rewarded shareholders with an annually increased dividend for over 50 years (the fourth-longest record on the NYSE). Dover's capital allocation strategy includes opportunistic share repurchases.