Gardner Denver 4Q and full year revenues down
Gardner Denver Holdings reported fourth-quarter revenues of $606 million were down 15 percent compared to the prior year.
Net income in the quarter was $26 million, or 12 cents per share, compared to prior year net income of $95 million, or 45 cents per share.
Total revenues for 2019 were $2.5 billion, down 9 percent compared to the prior year. Net income for the year was $159 million, or 76 cents per share, compared to prior year of $269 million, or $1.29 per share.
The company also announced that it has received all required regulatory approvals that are a condition to closing for the pending transaction with Ingersoll-Rand plc’s Industrial segment. The transaction is on track to close by Feb. 29, 2020.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
