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Dresser-Rand Group Inc. Common Message Board

  • carolyne47 carolyne47 May 22, 2011 7:15 AM Flag

    Maybe this is the problem with DRC

    SINCE THE FLOODED PLANT IS IN THE STATE OF NY AND "NOT" KANSAS, MAYBE THIS IS THE PROBLEM, THEY DON'T KNOW WHERE THE HECK THEIR OPERATIONS ARE OR MAYBE ITS JUST TOO MUCH FRENCH WINE WHILE THE CEO AND HIS FRENCH WIFE CELEBRATE THE FACT STOCK HOLDERS ARE PAYING FOR THE UPSCALE LIFE IN PARIS AND THE NO COST TO THEM FOR THE MOVE BACK TO HER HOME COUNTRY. GOT TO LOVE IT .........
    May 20 (Reuters) - Oil services company Dresser-Rand Group Inc said operations at its Wellsville plant in Kansas have been hit by flooding of a nearby creek, and it expects a dent in second-quarter income.

    Dresser-Rand, which makes equipment for the oil and gas industry, expects its second-quarter operating income to be reduced by $12-$15 million.

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    • I have a close relative in the upper ranks of this company. Plant in New York will off line for another 2 weeks minimum. As the press is reporting -- DRC will take a 12 - 15 million dollar hit. They have a 2 million dollar deductible on their insurance. Good news is orders are up 50% from same time last year and double over time is being prepared for employees once they are cleaned up.

 
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