The 2020 Mid-Year Economic Update_long

Gardner Denver’s 2019 Sales Down 8.9%

Fourth quarter sales fell by 14%.

Pump and compressor manufacturer Gardner Denver (NYSE: GDI) reported $605.8 million in revenues for the fourth quarter of 2019, down 14% over the prior-year period. Net income was $25.8 million, compared to $94.5 million a year ago.

For full year 2019, total company sales reached $2.5 billion, down 8.9% from 2018. Net income was $159.1 million, down from $269.4 million the previous year.

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