Gardner Denver, Inc. Reports Third Quarter Revenues of $103 Million And Earnings Per Share of $0.30: Strong Cash Flow Results in Continuing Debt Reduction

Gardner Denver, Inc. (NYSE: GDI), a leading manufacturer of compressors and blowers for industrial applications and pumps for the petroleum and industrial markets, announced that revenues for the three months ended June 30, 2002 were $104.9 million, a slight increase compared with the results of the second quarter of 2001. Diluted earnings per share (DEPS) in the second quarter of 2002 were $0.34, 17% less than the second quarter of 2001, but 17% better than the results of the first quarter of 2002.

QUINCY, Ill., April 24 /PRNewswire-FirstCall/ — Gardner Denver, Inc. (NYSE: GDI), a leading manufacturer of compressors and blowers for industrial applications and pumps for the petroleum and industrial markets, announced that revenues for the three months ended March 31, 2002 were $106.6 million, a 6% increase compared to $100.9 million in the first quarter of 2001.

QUINCY, Ill., March 7 /PRNewswire-FirstCall/ — Gardner Denver,

Inc. (NYSE: GDI) announced today that it has entered into a $200

million amended and restated credit agreement with a syndicate of

ten banks. The agreement provides for $150 million of revolving

credit for a three-year period, amending a similar $125 million

facility which would have expired in January 2003.

QUINCY, Ill., Feb. 27 /PRNewswire-FirstCall/ — Ross J. Centanni, Chairman, President and CEO of Gardner Denver, Inc. (NYSE: GDI) has announced the appointment of Richard C. Steber to the corporate officer position of Vice President and General Manager of the Pump Division.

QUINCY, Ill., Feb. 13 /PRNewswire-FirstCall/ — Gardner Denver, Inc. (NYSE: GDI), a leading manufacturer of compressors and blowers for industrial applications and pumps for the petroleum and industrial markets, announced that revenues were $419.8 million for the year ended December 31, 2001.

QUINCY, Ill., Sept. 4 /PRNewswire/ — Gardner Denver, Inc. (NYSE: GDI) reported today that it has signed a definitive agreement to acquire Hoffman Air and Filtration Systems (“Hoffman”) from Invensys plc. Hoffman, headquartered in Syracuse, New York, is a supplier of multistage centrifugal blowers and vacuum systems, primarily for wastewater treatment and industrial applications.

QUINCY, Ill., Aug. 24 /PRNewswire/ — Gardner Denver, Inc. (NYSE: GDI) reported today that it has reached an agreement in principle, subject to the execution of a definitive agreement, to acquire the Hamworthy Belliss & Morcom compressor business (“HBM”) from Powell Duffryn Ltd.

Gardner Denver, Inc. Announces Strategic Organizational Initiatives

Revenues Grow 10% and EPS Increases 37% From Prior Year Quarter