Gardner Denver results for the company's Q1 have been unveiled. For the quarter, revenue was $514 million, a 15% drop from the $604 million in the same period the previous year. Net income saw a steeper decline over that time frame, by 17%, to $46 million ($0.93 per diluted share) from Q1 2012's $55 million ($1.08).
On an adjusted basis, those EPS numbers were $1.06 for the latest quarter, and $1.40 in the year-ago period. The former exceeded the company's guidance of $0.94-$1.04.
As for forward guidance, Gardner Denver reaffirmed its existing projections. The company anticipates diluted, non-adjusted EPS of $1.05-$1.15 for its current Q2, and $4.18-$4.38 for the entirety of this fiscal year.
The article Gardner Denver Reports Double-Digit Falls in Q1 Revenue, Net originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Gardner Denver. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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.
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