Gardner Denver, Inc. (GDI) Tops Q4 EPS by 4c, Revenues Miss
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Gardner Denver Reports Strong Fourth Quarter and Record Full Year 2018 Results
February 19, 2019 7:00 AM ESTFOURTH QUARTER 2018
Revenues of $713 million up 7% over prior year and up 10% excluding the impact of foreign exchange (FX). Reported net income of $95 million compared to prior year of $144 million, which included a $95 million benefit due to the effects of tax reform changes Adjusted EBITDA of $190 million up 10% over prior year with a margin of 26.6%, up 60 basis points Free cash flow of $126 million up 31% over prior year Net operating working capital as a percentage of revenues of 24.0%, an improvement of 570 basis points from prior year... More