Gardner Denver Q4 and 2012 Results Slip
The quarterly numbers at Gardner Denver took a slide, as its just-released Q4 and 2012 results reveal. For the quarter, sales totaled just under $590 million, 4% lower than the $614 million of the same period the previous year. Attributable net profit came in at $69 million ($1.40 per diluted share), an 11% drop from the $77 million ($1.52) of Q4 2011.
For the full year, revenues were $2.36 billion, against 2011's $2.37 billion. The attributable bottom line slipped by 5% on a year-over-year basis, to $263 million ($5.28 diluted EPS) from the previous year's $278 million ($5.33).
Gardner Denver also provided guidance for its current quarter and the entirety of fiscal 2013. It expects diluted EPS to come in at $0.90-$1.00 in Q1, and within a range of $4.25-$4.50 for the full year.
The company is currently the subject of a $75-per share buyout bid by private equity concern KKR, The Wall Street Journal has reported. Late last year, Gardner Denver launched talks with a series of potential investors regarding a sale. According to the Journal, KKR is the only interested party remaining.
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