Please note that our current earnings release, investor supplement, Form 10-Q and associated presentation can be found on our website, www.dovercorporation.com. This call will be available for playback through November 4, and the audio portion of this call will be archived on our website for three months. The replay telephone number is (855) 859-2056. When accessing the playback, you'll need to supply the following reservation code, 18657443.Before we get started, I'd like to remind everyone that our comments today, which are intended to supplement your understanding of Dover, may contain certain forward-looking statements that are inherently subject to uncertainties. We caution everyone to be guided in their analysis of Dover Corporation by referring to our Form 10-K for a list of factors that could cause our results to differ from those anticipated in any such forward-looking statement. Also, we undertake no obligation to publicly update or revise any forward-looking statements except as required by law. We would also direct your attention to our website, where considerably more information can be found. And with that, I'd like to turn this call over to Bob. Robert A. Livingston Thanks, Paul. Good morning, everyone, and thank you for joining us this morning. Following a great first half of the year, we delivered strong growth in both revenue and earnings and a seasonably solid book-to-bill of 0.96 for the third quarter. These results were once again broad-based and led by the continued strong demand in our energy and handset markets. In total, I am very pleased with our third quarter performance. The majority of our businesses continue to see strong market activity, with organic bookings up 11%. As we discussed last quarter, we do anticipate revenue growth to moderate in the fourth quarter, due in part to semicon and solar markets. However, for the full year, I remain quite confident we are on track to deliver 20% revenue growth.
All segments achieved significant revenue and earnings growth in the quarter, absent the impact of onetime charges in connection with the acquisition of Sound Solutions. Segment margin was 16.9%. Orders were up 23%, and revenue increased 22%. This strong performance enabled Dover to post adjusted earnings per share of $1.20, a 25% improvement over last year. Although it's too early to provide specific guidance, I fully expect our Energy businesses and Knowles to continue to expand going into 2012. I also like our leading positions and expanding opportunities in Refrigeration equipment, Product ID and Fluid Solutions.We made several important strides in our strategic initiatives in the third quarter. Sound Solutions is off to a great start and is performing at the high end of our expectations. We have been and are still adding significant capacity in China to support strong demand for new customers. As we said last quarter, we expect the pace of shipments to accelerate into the fourth quarter. Last quarter, we reported on our MEMS capacity expansion program in Malaysia. I'm happy to say we shipped over eight million microphones in September in only the second month of operation. This capacity expansion is a key part of Knowles' customer service and growth initiatives for the second half of this year and the first half of next year. We also continued with our investments in the energy space, part of which was the recently announced acquisition of Oil Lift. Oil Lift expands our presence in the progressive cavity pump market and enables us to increase our product offerings in the attractive artificial lift space. Late in the third quarter, we closed on the sale of Paladin and Crenlo. These divestitures are an important step in our continued efforts to focus on our higher-margin growth spaces. We received roughly $300 million in proceeds, which we intend to redeploy in acquisitions. Read the rest of this transcript for free on seekingalpha.com