Gardner Denver Inc. (GDI) reported that its first-quarter net income attributable to company was $54.8 million or $1.08 per share, compared to $59.5 million or $1.13 per share in the previous year period.
Adjusted earnings per share was $1.40, compared to $1.15 last year. On average, nine analysts polled by Thomson Reuters expected the company to report profit of $1.36 per share. Analysts' estimates typically exclude special items.
Revenues increased 14% to $604.36 million from $531.85 million in the comparable quarter last year, while seven analysts had consensus revenue estimate of $585.59 million for the quarter.
Gardner Denver expects second quarter earnings per share to be in the range of $1.35 to $1.45, and adjusted earnings per share to be in a range of $1.40 to $1.50. Analysts currently expect earnings of $1.51 per share in the second quarter.
The company expects full-year 2012 earnings per share in the range of $5.20 to $5.40 and adjusted earnings to be in a range of $5.60 to $5.80 per share. Analysts now expect full-year 2012 earnings of $5.93 per share.
Earlier, the company had expected full-year 2012 earnings to be in the range of $5.85 to $6.05 per share and adjusted earnings per share in the range of $6.00 to $6.20.
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