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February 17, 2014
18:16 EDTDRCDresser-Rand sees 2013 revenue ex-Spanish regulation $3.0B-$3.2B
Dresser-Rand said that before any impact of the proposed Spanish regulation, the company expects revenues for 2014 to be approximately $3.0B-$3.2B with operating income approximately 3%-5% higher than 2013 due to productivity gains from its operational excellence initiatives. The consensus revenue estimate is $3.37B. Dresser-Rand noted that because the Spanish regulation has not yet been finalized there is the possibility that plant operations remain suspended and it currently believes the impact on 2014 results would be to reduce revenues and operating income by approximately $125M and $15M, respectively.
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March 27, 2015
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March 25, 2015
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March 19, 2015
11:08 EDTDRCDresser-Rand drops 2% after German magazine highlights integration issues
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