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Exhibit 99.1 |
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FOR IMMEDIATE RELEASE |
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July 26, 2011 |
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Contact: Michael M. Larsen |
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Vice President and CFO |
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(610) 249-2002 |
GARDNER DENVER DECLARES QUARTERLY CASH DIVIDEND
WAYNE, Pa. (July 26, 2011) Gardner Denver, Inc. (NYSE: GDI) announced that on July 25, 2011
its Board of Directors declared a quarterly dividend of $0.05 per share, payable on August 25,
2011, to stockholders of record as of August 9, 2011.
Gardner Denver, Inc., with 2010 revenues of approximately $1.9 billion, is a leading worldwide
manufacturer of highly engineered products, including compressors, liquid ring pumps and blowers
for various industrial, medical, environmental, transportation and process applications, pumps
used in the petroleum and industrial market segments and other fluid transfer equipment, such as
loading arms and dry break couplers, serving chemical, petroleum and food industries. Gardner
Denvers news releases are available by visiting the Investors section on the Companys website
(www.GardnerDenver.com).
Cautionary Statement Regarding Forward-Looking Statements
All of the statements in this release, other than historical facts, are forward-looking
statements made in reliance upon the safe harbor of the Private Securities Litigation Reform Act
of 1995, including, without limitation, the statements made concerning the Companys intent to
pay an annual cash dividend and the Companys financial ability and sources to fund the dividend
program. As a general matter, forward-looking statements are those focused upon anticipated
events or trends, expectations, and beliefs relating to matters that are not historical in
nature. Such forward-looking statements are subject to uncertainties and factors relating to the
Companys operations and business environment, all of which are difficult to predict and many of
which are beyond the control of the Company. The Boards expectation that dividends will
continue to be paid on a quarterly basis assumes that the Companys financial condition will
permit the payment under Delaware law; that its operations will continue to generate sufficient
cash flow to warrant the payment of a dividend and that market conditions and applicable laws
and regulations make payment of a dividend appropriate. Any future dividend payments will depend
upon the judgment of the Board, based upon the best interests of the Company, its stockholders
and other constituents, and will be made only at the Boards discretion. Further risks that
could cause actual results to differ materially from those matters expressed in or implied by
such forward-looking statements are set forth under Risk Factors in the Companys Form
10-K for the fiscal year ended December 31, 2010, and its subsequent quarterly reports on Form
10-Q. The Company does not undertake, and hereby disclaims, any duty to update these forward-looking
statements, although its situation and circumstances may change in the future.
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