Dover Corp. (NYSE: DOV) reported Q3 EPS of $1.14, $0.07 better than the analyst estimate of $1.07. Revenue for the quarter came in at $1.8 billion versus the consensus estimate of $1.81 billion.

Commenting on the third quarter results, Dover's President and Chief Executive Officer, Robert A. Livingston, said, "Overall, our third quarter performance was in line with our expectations. Our team aggressively pursued cost actions and productivity initiatives, which helped to mitigate weak global macro conditions.

"We continued to pursue acquisitions that offer industry-leading products and significantly complement and expand our market positions. In this regard, I am pleased to announce we have signed definitive agreements to acquire two businesses, both of which are expected to close later in the fourth quarter. These acquisitions are in addition to our previously announced Tokheim deal.

"Specifically, we have agreed to acquire Italy-based JK Group SPA ("JK"), a leading manufacturer of innovative inks and consumables serving the fast-growing digital textile printing markets. JK's digital inks will complement our MS Solutions equipment business, and will join the Engineered Systems segment under its Printing & Identification platform. We have also agreed to acquire Gala Industries, Inc. ("Gala"), a leading manufacturer of underwater pelletizing systems and solutions serving the plastics compounding industry, headquartered in Eagle Rock, Virginia. Gala will become part of our Maag business within the Fluids segment, and collectively, will provide our customers unequaled process and engineering expertise."

The combined purchase price of JK and Gala will be approximately $520 million. JK and Gala are expected to have combined 2016 revenue of about $165 million and be about $0.11 accretive to continuing earnings per share in 2016. On an operating basis, which excludes purchase accounting amortization, JK and Gala are expected to be approximately $0.23 accretive in 2016. Combining JK and Gala with the previously announced Tokheim deal, Dover expects 2016 acquisition revenue to be approximately $500 million and 2016 continuing earnings per share accretion to be about $0.18. On an operating basis, which excludes normal transaction-related costs and purchase accounting amortization, these acquisitions are expected to be approximately $0.38 accretive in 2016. Dover expects to fund the nearly $1 billion in total acquisition spend with

Dover Corp. sees FY2015 EPS of $3.73-$3.80, versus prior guidance of $3.75-$3.90 and the consensus of $3.73.

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