Gardner Denver’s Q3 Sales Down 11% - Modern Distribution Management

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Gardner Denver’s Q3 Sales Down 11%

Net income was $41 million, down 43% from a year ago.

Pump and compressor manufacturer Gardner Denver (NYSE: GDI) reported $597 million in revenues for the third quarter of 2019, down 11% over the prior-year period. Net income was $41 million, down 43% from a year ago.

Industrial revenues were $316 million, down 1% compared to the prior year. Energy revenues were $209 million, down 30% compared to the prior year. Medical revenues were $72 million, up 3% compared to the prior year.

For the first nine months, total company sales reached $1.8 billion, down from $2 billion during the same period in 2018. Net income was $133.4 million, down 23.7%.

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