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
Sign up for a free trial to see the rest of the stories you've been missing.
October 23, 2014
08:13 EDTDRCAllegheny names Elizabeth Powers as Chief Human Resources Officer
Subscribe for More Information

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