Posted October 26, 2018

Gardner Denver  revenues climb 6 percent

Gardner Denver Holdings reported third quarter revenues of $689 million, up 6 percent compared to the prior year.

Net income was $72 million, or 35 cents per share, compared to prior year net income of $28 million, or 13 cents.

In the Industrials segment, revenues of $320 million were up 11 percent compared to the prior year.

“In the Industrials segment, we continue to see strong end market activity with positive trends across all major geographies leading to double digit revenue growth. Organic growth continues to trend in the high single digit range which we believe is very much in line with the GDP-plus growth target we have in the business and reflective of the efforts we have made around innovation, emerging markets growth and demand generation,” said Vicente Reynal, chief executive officer.