Gardner Denver, Inc. (GDI) Tops Q3 EPS by 1c

Gardner Denver, Inc. (NYSE: GDI) reported Q3 EPS of $0.49, $0.01 better than the analyst estimate of $0.48. Revenue for the quarter came in at $689 million versus the consensus estimate of $702.33 million.

2018 Guidance and Outlook

“We are reaffirming our full year 2018 Adjusted EBITDA guidance range of $690 million to $705 million,” stated Reynal. “Reaffirming our guidance range despite the known headwinds of FX and tariffs as well as some temporary flattening of demand in the upstream energy business due to the current Permian dynamic speaks to the expectation of ongoing commercial and operational execution across our three segments as well as prudent cost control. In addition, given strong cash generation and continued working capital discipline, we expect improvement in our leverage ratio and are targeting a net debt to Adjusted EBITDA ratio of approximately 2.0x by year end.”

For earnings history and earnings-related data on Gardner Denver, Inc. (GDI) click here.

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