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): April 29, 2004
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 12. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
On April 29, 2004, Gardner Denver, Inc. conducted a
conference call to discuss the Company's earnings for the three
months ended March 31, 2004, certain recent activities, and
updated guidance as to results for 2004. The associated press
release was issued on April 28, 2004, and furnished pursuant to
Item 12 of Form 8-K that day with the Securities and Exchange
Commission. The call was broadly accessible to the public
pursuant to a live webcast available through the Investor
Relations page on the Company's website, www.gardnerdenver.com,
as contemplated by Item 12(b) of Form 8-K. An audio file of the
webcast will remain available for 90 days following the call.
During the call, the Company disclosed the following additional
information not contained in the press release:
GARDNER DENVER, INC.
BUSINESS SEGMENT RESULTS
(in millions)
(unaudited)
THREE MONTHS ENDED
MARCH 31, 2004
---------------------------------------------------------
GARDNER DENVER
TOTAL AS REPORTED (LESS SYLTONE) SYLTONE
------------------- ------------------ ----------------
COMPRESSED AIR PRODUCTS
Revenues $123.0 $93.8 $29.2
Orders 139.7 108.2 31.5
Backlog 77.9 62.9 15.0
FLUID TRANSFER PRODUCTS
Revenues 31.4 18.3 13.1
Orders 36.4 27.1 9.3
Backlog 30.5 18.5 12.0
Net cash provided by operating activities for the three
months ended March 31, 2004 was $3.5 million. The non-recurring,
non-cash adjustment of inventory to fair value, related to the
acquisition of Syltone, reduced diluted earnings per share during
the first quarter of 2004 by approximately $0.05.
The Company is also disclosing in this Current Report
that accounts payable and accrued liabilities at March 31, 2004
was $123.7 million.
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The information in this Current Report on Form 8-K shall
not be deemed to be "filed" for the purposes of Section 18 of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"),
or otherwise subject to the liabilities of such section, nor
shall such information be deemed incorporated by reference in any
filing under the Securities Act of 1933 or the Exchange Act,
except as shall be expressly set forth by specific reference in
such a filing.
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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: April 30, 2004 By: /s/ Daniel C. Rizzo, Jr.
--------------------------
Daniel C. Rizzo, Jr.
Vice President and Corporate Controller
(Chief Accounting Officer)
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