logo
Share SHARE
FONT-SIZE Plus   Neg

Gardner Denver Q1 Profit Declines; Lowers FY12 EPS Outlook - Quick Facts

Gardner Denver Inc. (GDI: Quote) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
American Airlines Group said pilots at its subsidiaries American Airlines and US Airways, represented by Allied Pilots Association, have approved a new five-year contract which provides immediate pay raises of 23 percent and subsequent annual raises of three percent for the next five years. LEGO Group, TT Games and Warner Bros. Interactive Entertainment have announced their 2015 slate of video games, including LEGO Jurassic World, LEGO Marvel's Avengers, and as well as new hand-held and mobile titles. Social-networking giant Facebook, Inc. is said to be testing their new 'Place Tips' feature for iOS users that will rival a similar service being provided by Yelp or Foursquare. The feature will provide the user relevant content about their location as long as they are there through pop ups on their news feed page of Facebook.
comments powered by Disqus
Follow RTT