Gardner Denver, Inc. (GDI) Tops Q2 EPS by 3c; Raises Full Year 2018 Adjusted EBITDA Midpoint Guidance
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Gardner Denver Reports Strong Second Quarter 2018 Results and Raises Full Year 2018 Adjusted EBITDA Midpoint Guidance
August 1, 2018 4:16 PM EDTRevenues of $668.2 million increased 15% over the prior year, supported by continued strong double-digit order growth momentum across all three segments Reported net income of $60.3 million compared to a prior year net loss of $146.3 million Adjusted EBITDA of $161.6 million grew 22% over the prior year with a margin of 24.2%, an improvement of 140 basis points Free cash flow of $123.5 million compared to prior year of $12.2 million Completed debt repayment of $105 million from available cash on hand Announced the authorization of a $250 million share repurchase program... More
