QUINCY, IL -- (Marketwire) -- 07/23/09 -- In the news release, "Gardner Denver, Inc.
Reports Second Quarter 2009 Financial Results," issued earlier today by
Gardner Denver, Inc. (NYSE: GDI), we are advised by the company that the
Industrial Product Group's year-to-date revenue roll-forward figures
contained in the SELECTED FINANCIAL DATA SCHEDULE (third column) for
"Effect of currency exchange rates" and "2009 Revenues" should be "(32.4)"
and "504.2," respectively, rather than "(32.1)" and "504.5." Complete
corrected table follows.
GARDNER DENVER, INC.
SELECTED FINANCIAL DATA SCHEDULE
(in millions, except percentages)
(Unaudited)
Three Months Ended Six Months Ended
June 30, June 30,
---------------------- ----------------------
% %
$ Millions Change $ Millions Change
---------- ---------- ---------- ----------
Industrial Products Group
2008 Revenues 269.3 515.4
Incremental effect of
acquisitions 93.0 35 187.3 36
Effect of currency exchange
rates (15.6) (6) (32.4) (6)
Organic growth (96.4) (36) (166.1) (32)
---------- ---------- ---------- ----------
2009 Revenues 250.3 (7) 504.2 (2)
2008 Orders 252.4 525.7
Incremental effect of
acquisitions 78.2 31 170.8 33
Effect of currency exchange
rates (13.9) (5) (29.4) (6)
Organic growth (103.1) (41) (208.8) (40)
---------- ---------- ---------- ----------
2009 Orders 213.6 (15) 458.3 (13)
Backlog as of 06/30/08 235.3
Incremental effect of
acquisitions 89.2 38
Effect of currency exchange
rates (12.0) (5)
Organic growth (90.9) (39)
---------- ----------
Backlog as of 06/30/09 221.6 (6)
Engineered Products Group
2008 Revenues 248.8 498.4
Incremental effect of
acquisitions - - - -
Effect of currency exchange
rates (12.7) (5) (27.8) (6)
Organic growth (50.3) (20) (76.2) (15)
---------- ---------- ---------- ----------
2009 Revenues 185.8 (25) 394.4 (21)
2008 Orders 246.8 498.4
Incremental effect of
acquisitions - - - -
Effect of currency exchange
rates (11.7) (5) (22.6) (5)
Organic growth (84.3) (34) (176.6) (35)
---------- ---------- ---------- ----------
2009 Orders 150.8 (39) 299.2 (40)
Backlog as of 06/30/08 357.6
Incremental effect of
acquisitions - -
Effect of currency exchange
rates (15.0) (4)
Organic growth (110.6) (31)
---------- ----------
Backlog as of 06/30/09 232.0 (35)
Consolidated Revenues
2008 518.1 1,013.8
Incremental effect of
acquisitions 93.0 18 187.3 19
Effect of currency exchange
rates (28.3) (5) (60.2) (6)
Organic growth (146.8) (29) (242.4) (24)
---------- ---------- ---------- ----------
2009 436.0 (16) 898.5 (11)
Contact:
Helen W. Cornell
Executive Vice President, Finance and CFO
(217) 228-8209