Gardner Denver Q4 and 2012 Results Slip
Feb 23rd 2013 7:43AM
Updated Feb 23rd 2013 3:30PM
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.
The article Gardner Denver Q4 and 2012 Results Slip originally appeared on Fool.com.Fool contributor Eric Volkman and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.