Revenues of $597 million, down 11% from the prior year excluding the impact of foreign exchange (“FX”)
Reported net income of $41 million, down 43% from the prior year, and adjusted net income of $86 million, down 16% from the prior year
Adjusted EBITDA of $142 million, down 20% from the prior year excluding the impact of FX, with a margin of 23.8%
Free cash flow of $105 million, up 14% from the prior year, yielding free cash flow to reported net income conversion of 254%
Executed restructuring action expected to deliver $10 million in annualized savingsGardner denver rietschleUpdating full year 2019 Adjusted EBITDA guidance to a range of $550 million to $570 million
Pending transaction with Ingersoll Rand’s Industrial segment on track to close by early 2020 with increased confidence in achieving $250 million cost synergy target
MILWAUKEE--(BUSINESS WIRE)-- Gardner Denver Holdings, Inc. (NYSE: GDI) announced today third quarter 2019 results.