8-K 1 form8k.txt 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. - 2 - 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 ----------------------------------------------------------------- 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 ----------------------------------------------------------------- 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
- 3 - 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 --------------------------------------- Ross J. Centanni Chairman, President & CEO Date: March 1, 2002 By: /s/Philip R. Roth --------------------------------------- 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) - 4 -