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Dresser-Rand Group Inc. Message Board

  • ringfortheking1 ringfortheking1 Apr 30, 2011 6:29 AM Flag

    CC NOT BAD

    http://investor.dresser-rand.com/releasedetail.cfm?ReleaseID=573071


    Not bad cc margins improving going forward looks great many new bookings stock hit a new 52 week high then retreated thats normal lets see how the market reacts to the cc on monday.

    GLTA

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    • Outlook

      The Company reiterates its guidance for 2011 with expectations for new unit bookings of $1.2 to $1.4 billion, aftermarket bookings of $1.0 to $1.2 billion, operating income of $260 million to $300 million, new unit segment margins in low double digits and aftermarket segment margins in the range of 22% to 24%. The Company expects its full year 2011 interest expense to be in the range of $44 million to $46 million, which includes $8.5 million of accelerated amortization of deferred financing fees as a result of replacing the previously existing Senior Secured Credit Facility and executing the cash tender offer to purchase the previously outstanding 7 3/8% Senior Subordinated Notes, and the Company expects its effective tax rate to be approximately 33 percent.

      The Company expects second quarter 2011 operating income to be in the range of 20 to 25 percent of the total year.

      The above guidance excludes any impact of the Company's previously announced potential acquisition of Grupo Guascor, which is presently expected to close in the second quarter, assuming required regulatory approvals are received.

 
DRC
85.17+0.01(+0.01%)Jun 29 4:00 PMEDT