Gardner Denver Earnings: Here’s Why Shares are Up Now

Gardner Denver Inc. (NYSE:GDI) delivered a profit and met Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 0.07%.

Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!

Gardner Denver Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 24.29% to $1.06 in the quarter versus EPS of $1.40 in the year-earlier quarter.

Revenue: Decreased 15.03% to $513.54 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Gardner Denver Inc. reported adjusted EPS income of $1.06 per share. By that measure, the company met the mean analyst estimate of $1.06. It missed the average revenue estimate of $535.09 million.

Quoting Management: “We were pleased with our first quarter results in a challenging environment,” said Michael M. Larsen, Gardner Denver’s President and Chief Executive Officer. “I am encouraged by our sequential order growth in the first quarter as orders grew 7% over the fourth quarter of 2012 and resulted in a book-to-bill ratio of 1.07.”

Key Stats (on next page)…

More Articles About:   , , , ,