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February 17, 2014
18:15 EDTDRCDresser-Rand says two items included in Q4 outlook did not occur
Dresser-Rand is updating its guidance based on its preliminary and unaudited results for Q4. The company noted two items previously discussed in its Q3 earnings call and that were included in its guidance for Q4 that did not occur. First, it did not sell the three photovoltaic power plants to MBB Clean Energy AG. Second, the company was unable to recognize revenue in Q4 on its shipment of equipment for a pipeline project in Central Asia due to pending contractual and administrative matters. The impact of these two items is approximately $19M of operating income. If these two items had occurred in Q4, the company believes its operating income for 2013 would have been between $400M-$410M. Further, if there is no material change in the status of the proposed Spanish regulation before the company files its Form 10-K, the company will be required to reduce its 2013 operating income by up to an estimated $75M. In that event, its 2013 operating income could be between approximately $306M-$316M.
News For DRC From The Last 14 Days
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March 26, 2015
10:30 EDTDRCOptions with decreasing implied volatility
Options with decreasing implied volatility: ASPS WLL WBAI CTRP FIVE LINE DRC RHT LULU APOL
March 25, 2015
10:48 EDTDRCEU suspends Siemens-Dresser-Rand deal investigation, Reuters reports
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March 19, 2015
11:08 EDTDRCDresser-Rand drops 2% after German magazine highlights integration issues
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11:07 EDTDRCDresser-Rand, Siemens integration not smooth, Manager Magazin says
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