Gardner Denver, Inc. (GDI) Tops Q1 EPS by 4c, Revenues Beat; Affirms FY19 Adj. EBITDA Outlook
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Gardner Denver Reports Strong First Quarter 2019 Results
April 30, 2019 6:06 AM EDTRevenues of $620 million, flat to prior year, and up 4% excluding the impact of foreign exchange (FX) Reported net income of $47 million increased 11% over the prior year Adjusted EBITDA of $140 million decreased 5% over the prior year, and down 2% excluding the impact of FX, with a margin of 22.6% Free cash flow of $55 million increased 9% over the prior year Completed debt repayment of $27 million from available cash on hand Reaffirming full year 2019 Adjusted EBITDA guidance range of $680 million to $710 million
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