UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): February 13, 2002
GARDNER DENVER, INC.
(Exact name of Registrant as Specified in its Charter)
DELAWARE 1-13215 76-0419383
(State or Other Jurisdiction of (Commission (I.R.S. Employer
Incorporation or Organization) File Number) Identification No.)
1800 GARDNER EXPRESSWAY
QUINCY, ILLINOIS 62301
(Address of Principal Executive Offices and Zip Code)
(217) 222-5400
(Registrant's Telephone Number, Including Area Code)
ITEM 9: REGULATION FD DISCLOSURE
As a result of a previously announced change in its segment reporting,
Gardner Denver, Inc. is issuing restated quarterly segment results for
2001 and 2000. As described further below, these changes are simply a
reclassification of activity between the Company's two segments (Compressed
Air Products and Pump Products) and they do not impact any of the Company's
previously reported consolidated results.
As announced on February 13, 2002, the Petroleum Products segment was
renamed the Pump Products segment due to the inclusion of the Company's
water jetting operations in this segment, which expanded its scope beyond
petroleum related products. The water jetting operations were previously
included in the Company's Compressed Air Products segment. The new segment
reporting was reflected in the 2001 full-year and fourth-quarter disclosures
included in the February 13, 2002 press release, and the corresponding prior
period amounts were restated to conform with the current presentation.
The table that follows, details the restated segment results for the
quarters ended March 31, June 30, September 30, and December 31 of 2001 and
2000. As indicated above, the restated information for the quarters ended
December 31, 2001 and 2000 were previously included in the aforementioned
February 13, 2002 release but have been included again in the table below
merely for convenience.
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GARDNER DENVER, INC.
BUSINESS SEGMENT RESULTS
(in thousands, except percentages)
(Unaudited)
QUARTERS ENDED
=================================================================
MAR. 31, JUNE 30, SEPT. 30, DEC. 31,
----------- ------------ ------------- -------------
COMPRESSED AIR PRODUCTS
2001
-----------------------------------------------------------------
Revenues $ 74,279 $ 73,972 $ 74,986 $ 84,791
Operating earnings 5,407 5,481 5,424 5,864
% of Revenues 7.3% 7.4% 7.2% 6.9%
Orders 77,022 70,740 71,319 76,938
Backlog 49,011 46,323 66,035 58,681
2000
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Revenues 75,814 78,243 72,865 79,757
Operating earnings 6,198 7,677 7,253 9,810
% of Revenues 8.2% 9.8% 10.0% 12.3%
Orders 76,929 71,340 72,908 80,565
Backlog 48,570 42,727 43,786 45,746
PUMP PRODUCTS
2001
-----------------------------------------------------------------
Revenues 26,617 30,582 28,440 26,103
Operating earnings 3,111 4,944 4,199 3,846
% of Revenues 11.7% 16.2% 14.8% 14.7%
Orders 32,902 42,364 24,380 17,773
Backlog 20,855 32,717 28,735 20,483
2000
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Revenues 13,352 16,645 18,749 23,933
Operating earnings 717 1,218 694 1,836
% of Revenues 5.4% 7.3% 3.7% 7.7%
Orders 16,451 18,397 17,494 25,901
Backlog 11,083 13,086 12,219 14,498
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
GARDNER DENVER, INC.
Date: March 1, 2002 By: /s/Ross J. Centanni
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Ross J. Centanni
Chairman, President & CEO
Date: March 1, 2002 By: /s/Philip R. Roth
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Philip R. Roth
Vice President, Finance & CFO
Date: March 1, 2002 By: /s/Daniel C. Rizzo, Jr.
---------------------------------------
Daniel C. Rizzo, Jr.
Vice President and Corporate
Controller (Chief Accounting Officer)
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