New User:

-or-
Username:
Password:
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
Check below for free stories on DRC the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
September 16, 2014
16:28 EDTDRCDresser-Rand initiated with a Buy at KeyBanc
Target $80.

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

I agree to the theflyonthewall.com disclaimer & terms of use