Gardner Denver’s Q1 Sales Up Slightly

first-quarter industrial sales were down 1%.

Pump and compressor manufacturer Gardner Denver (NYSE: GDI) reported $620.1 million in revenues for the first quarter of 2019, up slightly from the same period in 2018. Net income was $47 million, up 11% over a year ago.

By segment, first-quarter industrial sales were down 1% to $335 million while energy segment sales fell 4% to $208 million and medical segment sales rose 14% to $69 million.

“The first quarter was a solid quarter of balanced commercial and operational execution as the teams continued to utilize the principles of the Gardner Denver Execution Excellence process to drive strong results,” said Vicente Reynal, CEO. “We continue to build a more resilient portfolio and delivered solid performance in spite of the known headwinds of FX, tariffs, European market concerns and expected declines in the upstream Energy business. In addition, Innovate–to-Value and other operational efficiency efforts helped drive strong triple digit basis point margin expansion in our Industrials and Medical segments and offset some of the expected margin declines in the Energy segment.”

Related Posts

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.