Gardner Denver Inc.'s (GDI) net income attributable to the company for the first quarter of 2013 was $45.7 million, or $0.93 per share, compared to $54.8 million, or $1.08 per share, in the same period of 2012.
Results for the first quarter of 2013 included after-tax charges of $0.13 per share primarily related to costs incurred in connection with the exploration of strategic alternatives and the Company's ongoing restructuring activities. Excluding these charges, Adjusted earnings per share for the first quarter of 2013 was $1.06, compared with $1.40 in the same period of 2012.
Revenues for the first quarter were $513.5 million, down 15% compared with the prior year first quarter.
Analysts polled by Thomson Reuters expected the company to report earnings of $1.06 per share on revenues of $535.09 million for the quarter. Analysts' estimates typically exclude special items.
Second quarter 2013 earnings per share are expected to range between $1.05 and $1.15. These projections include profit improvement costs and other items totaling $0.05 per share for the second quarter and $0.82 per share for the full year 2013. Analysts expect the company to report earnings of $1.25 per share for the second-quarter.
The company reaffirmed its full-year 2013 adjusted earnings per share outlook in a range of $5.00 to $5.20. Earnings for the full year of 2013 are expected to be in the range of $4.18 to $4.38 per share. Analysts expect the company to report earnings of $5.27 per share for fiscal 2013.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.