Gehl Company 8-K 2008
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Item 2.02. Results of Operations and Financial Condition.
On April 25, 2008, Gehl Company (the Company) issued a press release (the Press Release) announcing its financial results for the quarter ended March 31, 2008. A copy of the Press Release is furnished as Exhibit 99 to this Current Report on Form 8-K.
Use of Non-GAAP Measures
The Company reports its financial results of operations in accordance with generally accepted accounting principles (GAAP). The Company has also provided non-GAAP financial information to complement its consolidated financial statements presented in accordance with GAAP. The non-GAAP financial measures included in the Press Release include the Companys income from continuing operations and diluted income per share from continuing operations for the quarter ended March 31, 2008, excluding the impact of the Companys adoption of Statement of Financial Accounting Standard No. 157, Fair Value Measurements (SFAS 157). Management believes it is useful for investors to understand how its core operations performed without the effects of the adoption of SFAS 157.
In the Companys judgment, excluding the of the adoption of SFAS 157 from the Companys financial results allows investors to trend, analyze and benchmark in a meaningful manner the performance of the Companys core operations. In addition, the Company believes that providing earnings and diluted earnings per share from continuing operations excluding the effect of the adoption of SFAS 157 provides another useful comparison of the Companys operational performance in the 2008 first quarter to the comparable periods in 2007 and expected performance in 2008. The Company has provided within the Press Release a reconciliation of the non-GAAP financial measures to the most directly comparable GAAP financial measures.
The non-GAAP financial measures included in the Press Release are intended to supplement the readers overall understanding of the Companys current financial performance and its prospects for the future. However, the non-GAAP financial measures are not intended to supersede or replace the Companys GAAP results or expectations.
Item 9.01. Financial Statements and Exhibits.
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 hereunto duly authorized.
Exhibit Index to
Current Report on Form 8-K