Gardner Denver's CEO Discusses Q3 2011 Results - Earnings Call Transcript
Gardner Denver Inc. ( GDI )
Q3 2011 Earnings Call
October 21, 2011 9:30 AM ET
Executives
Barry Pennypacker – President and CEO
Michael Larsen – Vice President and CFO
Analysts
Charlie Mills - Credit Suisse
James Lucas - Janney Montgomery Scott
Kevin Maczka - BB&T Capital Markets
Jeffrey Hammond - KeyBanc Capital Markets
Wendy Caplan - SunTrust Robinson Humphrey
Joshua Pokrzywinski - MKM Partners LLC
Jamie Sullivan - RBC Capital Markets
Scott Blumenthal - Emerald Advisers
Andrew Carter – RBC
Operator
Greetings and welcome to the Gardner Denver Third Quarter 2011 Financial Results. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. (Operator instructions). As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Barry Pennypacker, President and CEO. Thank you, sir, you may begin.
Barry Pennypacker
Good morning everyone and welcome to Gardner Denver's third quarter 2011 earnings conference call. I'm joined this morning by Michael Larsen, Gardner Denver's Vice President and Chief Financial Officer.
Before we begin with our remarks, Michael has a few comments regarding our forward-looking statements.
Michael Larsen
Thank you, Barry, and good morning everyone. First, a reminder that all the statements made by Gardner Denver during this call other than historical facts are forward-looking statements made in reliance upon the Safe Harbor of the Private Securities Litigation Reform Act of 1995.
As a general matter, forward-looking statements are those focused upon anticipated events of trends and assumptions, expectations and beliefs relating to matters that are not historical in nature. Such forward-looking statements are subject to uncertainties and factors relating to Gardner Denver's operations and business environment, all of which are difficult to predict and many of which are beyond the control of the Company.
Gardner Denver Compressor - News
The Black Dragon is evidence that the innovation cycle at Gardner Denver is alive and well, and I want to personally congratulate this team on developing this unique compressor that will enable growth throughout the entire Asia-Pacific region.
Oct 11 () - Gardner Denver Inc , a US manufacturer of compressors and vacuum products for industrial applications, said it will buy Italy-based Robuschi SpA for $207 million to optimize its European manufacturing operations.
Gardner Denver, Inc. (Gardner Denver) designs, manufacturers and markets engineered industrial machinery and related parts and services. The Company also supplies pumps and compressors for original equipment manufacturer (OEM) applications,
Gardner Denver Nash is expanding in Trumbull, where it sells industrial pumps and compressors. Gardner Denver Nash LLC is leasing 13000 square feet of space at 2 Trefoil Drive in Trumbull. Parent company Gardner Denver Inc. sells a range of compressors
About the company: Gardner Denver Inc. manufactures stationary air compressors and blowers for industrial applications. The Company's products are used in manufacturing, process applications, and materials handling, as well as in power tools and