New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 5, 2014
09:17 EDTDRCDresser-Rand sees FY14 revenue $2.9B-$3.1B, consensus $3.04B
Sees Q3 operating income to be approximately $80M-$100M. Expects Q4 to be "strong" and says that this expectation reflects that the company's present backlog supports a forecast of new unit sales. Says the key to success in Q4 is the execution and aftermarket book, ship. Expects first 9 months OI as a percentage of full year to be within band of historical experience. Expects approximately 52% of full-year OI and expects a consensus for that to be approximately $380. Expects FY14 tax rate to be approximately 34%. Sees FY14 interest expense to be approximately $60M. Sees FY14 unallocated expenses $115M. Sees FY14 aftermarket operating margins 23%-25%. Sees new unit operating margins 8%-10%. Comments taken from slides from the company's Q2 earnings conference call presentation.
News For DRC From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
February 27, 2015
16:52 EDTDRCDresser-Rand says 2015 'expected to be a relatively stable year in sales'
Subscribe for More Information
16:50 EDTDRCDresser-Rand to cut 8% of its workforce
Subscribe for More Information
16:48 EDTDRCDresser-Rand reports Q4 adjusted EPS $1.52, consensus $1.30
February 25, 2015
10:49 EDTDRCOptions with increasing implied volatility: DO BHI DRC
Subscribe for More Information
February 17, 2015
08:38 EDTDRCEU regulators expanding probe of Siemens, Dresser-Rand merger, Reuters says
European Commission antitrust regulators will expand their investigations into Siemens' (SIEGY) $7.6B bid for Dresser-Rand (DRC), reports Reuters, citing regulator statements. The Commission stated, "The transaction would reduce the number of competitors from three main players to two main players" in related markets. Siemens stated it still expects to close the deal in Summer 2015 or sooner. Reference Link

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the disclaimer & terms of use