Sauer-Danfoss reports fourth quarter decrease, year-over-year increase

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Sauer-Danfoss reports fourth quarter decrease, year-over-year increase 
Sauer-Danfoss Inc. reported net income of $27.4 million, or 57 cents per share, for the fourth quarter of 2011, compared with a net income of $126 million, or $2.60 per share, the previous year. Officials said fourth-quarter results in 2010 were favorably impacted by $82.8 million related to the reversal of deferred tax asset valuation allowances. For the year, the company had a net income of $229.9 million, or $4.74 per share, compared with a net income of $213.4 million, or $4.40 per share, in 2011.
Sauer-Danfoss Inc. reported net income of $27.4 million, or 57 cents per share, for the fourth quarter of 2011, compared with a net income of $126 million, or $2.60 per share, the previous year.

Officials said fourth-quarter results in 2010 were favorably impacted by $82.8 million related to the reversal of deferred tax asset valuation allowances.

For the year, the company had a net income of $229.9 million, or $4.74 per share, compared with a net income of $213.4 million, or $4.40 per share, in 2011.