DresserRand Group Inc. (DRC, Financial) filed Quarterly Report for the period ended 2012-09-30.
Dresser-rand Group, Inc. has a market cap of $4.06 billion; its shares were traded at around $52.8 with a P/E ratio of 24.7 and P/S ratio of 1.8. Dresser-rand Group, Inc. had an annual average earning growth of 11.6% over the past 5 years.
Selling and administrative expenses. Selling and administrative expenses were $90.2 for the three months ended September 30, 2012, compared to $89.6 for the three months ended September 30, 2011. Selling and administrative expenses for the three months ended September 30, 2011, included approximately $1.9 of non-recurring transaction and integration costs associated with the acquisition of Guascor. Excluding these one-time costs, the increase in selling and administrative expenses was principally the result of inflation. As a percentage of revenues, selling and administrative expenses increased to 15.2% from 14.2%.
Revenues. Revenues were $1,892.0 for the nine months ended September 30, 2012, compared to $1,573.6 for the nine months ended September 30, 2011, an increase of $318.4 or 20.2%. Generally, oil prices and other macroeconomic conditions that affect the oil and gas industry have an impact on our business over an extended period of time. On a quarterly or annual basis, however, there is typically not a meaningful correlation of those factors to our periodic financial results. Fluctuations in revenues and bookings are generally due to variability in the timing and size of very large orders in the new units segment, which is typical in the oil and gas industry. Furthermore, the highly engineered nature of our worldwide products and services does not easily lend itself to measuring the impact of price, volume and mix on changes in our total revenues from year to year. Nevertheless, based on factors such as measures of labor hours and purchases from suppliers, revenues increased as a result of higher volume during the nine months ended September 30, 2012. The acquisition of Guascor in May 2011 accounted for approximately $88.9 of the increase in revenues in the nine months ended September 30, 2012, compared to the prior year. In addition, the Company has experienced aftermarket growth in most geographic segments, but particularly in the Middle East and Latin America. The Company experienced lower volumes in the nine months ended September 30, 2011, because of the timing of bookings in 2010 and the cycle times necessary to convert those orders to shipments and lower volumes resulting from a flood in our Wellsville facility. An adverse translation impact of foreign currency fluctuations of approximately $93.1 resulting from a stronger U.S. dollar partially offset the increase in revenues.
Selling and administrative expenses. Selling and administrative expenses were $267.4 for the nine months ended September 30, 2012, compared to $266.2 for the nine months ended September 30, 2011. The effect of having nine months of Guascor selling and administrative expenses in the current period versus only five months in the nine months ended September 30, 2011, was substantially offset because approximately $14.9 of non-recurring transaction and integration costs were incurred in the nine months ended September 30, 2011, associated with the acquisition of Guascor. Inflation was substantially offset by the translation impact of foreign currency fluctuations. As a percentage of revenues, selling and administrative expenses decreased to 14.1% from 16.9% as a result of operating leverage on higher volumes and the factors discussed above.
Revenues. Revenues for this segment were $989.4 for the nine months ended September 30, 2012, compared to $834.6 for the nine months ended September 30, 2011, an increase of $154.8 or 18.5%. Generally, oil prices and other macroeconomic conditions that affect the oil and gas industry have an impact on our business over an extended period of time. On a quarterly or annual basis, however, there is typically not a meaningful correlation of those factors to our periodic financial results. During the nine months ended September 30, 2012, the Company has experienced aftermarket growth in most geographic segments, but particularly in the Middle East and Latin America. Additionally, the acquisition of Guascor contributed approximately $90.3 of additional aftermarket revenues for the nine months ended September 30, 2012, compared to the prior year. An adverse translation impact of foreign currency fluctuations of approximately $55.9 resulting from a stronger U.S. dollar partially offset the increase in revenues.
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Dresser-rand Group, Inc. has a market cap of $4.06 billion; its shares were traded at around $52.8 with a P/E ratio of 24.7 and P/S ratio of 1.8. Dresser-rand Group, Inc. had an annual average earning growth of 11.6% over the past 5 years.
Highlight of Business Operations:
Revenues. Revenues were $594.4 for the three months ended September 30, 2012, compared to $630.5 for the three months ended September 30, 2011, a decrease of $36.1 or 5.7%. Generally, oil prices and other macroeconomic conditions that affect the oil and gas industry have an impact on our business over an extended period of time. On a quarterly or annual basis, however, there is typically not a meaningful correlation of those factors to our periodic financial results. Fluctuations in revenues and bookings are generally due to variability in the timing and size of very large orders in the new units segment, which is typical in the oil and gas industry. Furthermore, the highly engineered nature of our worldwide products and services does not easily lend itself to measuring the impact of price, volume and mix on changes in our total revenues from year to year. Nevertheless, based on factors such as measures of labor hours and purchases from suppliers, revenues decreased as a result of lower volume in the new units segment partially offset by higher volume in the aftermarket segment for the three months ended September 30, 2012. An adverse translation impact of foreign currency fluctuations of approximately $42.6 resulting from a stronger U.S. dollar also contributed to lower revenues.Selling and administrative expenses. Selling and administrative expenses were $90.2 for the three months ended September 30, 2012, compared to $89.6 for the three months ended September 30, 2011. Selling and administrative expenses for the three months ended September 30, 2011, included approximately $1.9 of non-recurring transaction and integration costs associated with the acquisition of Guascor. Excluding these one-time costs, the increase in selling and administrative expenses was principally the result of inflation. As a percentage of revenues, selling and administrative expenses increased to 15.2% from 14.2%.
Revenues. Revenues were $1,892.0 for the nine months ended September 30, 2012, compared to $1,573.6 for the nine months ended September 30, 2011, an increase of $318.4 or 20.2%. Generally, oil prices and other macroeconomic conditions that affect the oil and gas industry have an impact on our business over an extended period of time. On a quarterly or annual basis, however, there is typically not a meaningful correlation of those factors to our periodic financial results. Fluctuations in revenues and bookings are generally due to variability in the timing and size of very large orders in the new units segment, which is typical in the oil and gas industry. Furthermore, the highly engineered nature of our worldwide products and services does not easily lend itself to measuring the impact of price, volume and mix on changes in our total revenues from year to year. Nevertheless, based on factors such as measures of labor hours and purchases from suppliers, revenues increased as a result of higher volume during the nine months ended September 30, 2012. The acquisition of Guascor in May 2011 accounted for approximately $88.9 of the increase in revenues in the nine months ended September 30, 2012, compared to the prior year. In addition, the Company has experienced aftermarket growth in most geographic segments, but particularly in the Middle East and Latin America. The Company experienced lower volumes in the nine months ended September 30, 2011, because of the timing of bookings in 2010 and the cycle times necessary to convert those orders to shipments and lower volumes resulting from a flood in our Wellsville facility. An adverse translation impact of foreign currency fluctuations of approximately $93.1 resulting from a stronger U.S. dollar partially offset the increase in revenues.
Selling and administrative expenses. Selling and administrative expenses were $267.4 for the nine months ended September 30, 2012, compared to $266.2 for the nine months ended September 30, 2011. The effect of having nine months of Guascor selling and administrative expenses in the current period versus only five months in the nine months ended September 30, 2011, was substantially offset because approximately $14.9 of non-recurring transaction and integration costs were incurred in the nine months ended September 30, 2011, associated with the acquisition of Guascor. Inflation was substantially offset by the translation impact of foreign currency fluctuations. As a percentage of revenues, selling and administrative expenses decreased to 14.1% from 16.9% as a result of operating leverage on higher volumes and the factors discussed above.
Revenues. Revenues for this segment were $989.4 for the nine months ended September 30, 2012, compared to $834.6 for the nine months ended September 30, 2011, an increase of $154.8 or 18.5%. Generally, oil prices and other macroeconomic conditions that affect the oil and gas industry have an impact on our business over an extended period of time. On a quarterly or annual basis, however, there is typically not a meaningful correlation of those factors to our periodic financial results. During the nine months ended September 30, 2012, the Company has experienced aftermarket growth in most geographic segments, but particularly in the Middle East and Latin America. Additionally, the acquisition of Guascor contributed approximately $90.3 of additional aftermarket revenues for the nine months ended September 30, 2012, compared to the prior year. An adverse translation impact of foreign currency fluctuations of approximately $55.9 resulting from a stronger U.S. dollar partially offset the increase in revenues.
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