All Releases
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Dresser-Rand Updates Outlook for 2011 and 2012
Feb 3, 2012
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HOUSTON, Feb. 3, 2012 /PRNewswire/ -- Dresser-Rand Group Inc. ("Dresser-Rand" or the "Company") (NYSE: DRC), a global supplier of rotating equipment and aftermarket parts and services, announced today that its operating income for the full year 2011 is expected to be between $253 million and $258 million. The Company updated its outlook based on i...
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Dresser-Rand Closes Its Acquisition of Synchrony, Inc.
Jan 4, 2012
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HOUSTON, Jan. 4, 2012 /PRNewswire/ -- Dresser-Rand Group Inc. ("Dresser-Rand" or "the Company") (NYSE: DRC), a global supplier of high-speed rotating equipment and service solutions, announced today that it closed the previously announced acquisition of Synchrony, Inc., for approximately $50 million net of cash acquired. The agreement includes the...
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Dresser-Rand to Present at Pritchard Capital 9th Annual Energize Conference
Dec 29, 2011
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HOUSTON, Dec. 29, 2011 /PRNewswire/ -- Dresser-Rand Group Inc. ("Dresser-Rand" or the "Company") (NYSE: DRC), a global supplier of rotating equipment and aftermarket parts and services, announced today that the Company will present at Pritchard Capital's 9th Annual Energize Conference on Thursday, January 5, 2012. Blaise Derrico, Director, Investor...
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Dresser-Rand Signs Definitive Agreement to Acquire Synchrony, Inc.
Dec 7, 2011
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HOUSTON, Dec. 7, 2011 /PRNewswire/ -- Dresser-Rand Group Inc. ("Dresser-Rand" or, collectively with its affiliates, the "Company") (NYSE: DRC), a global supplier of rotating equipment and aftermarket parts and services, has signed a definitive agreement to acquire Synchrony, Inc. The transaction is expected to close in January 2012.
Synch...
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Dresser-Rand Opens New Training Facility in Houston, Announces 2012 Schedule
Dec 7, 2011
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Houston, Texas, Dec. 7, 2011 - Dresser-Rand, a global supplier of rotating equipment solutions to the oil, gas, petrochemical, power and process industries, has opened a new 8,700 square foot (808 square meter) facility in Houston, Texas dedicated strictly to training employees and clients to better service equipment in the field.
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Dresser-Rand to Present at Wells Fargo Securities 10th Annual Pipeline, MLP and E&P, Services and Utility Symposium
Dec 5, 2011
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HOUSTON, Dec. 5, 2011 /PRNewswire/ -- Dresser-Rand Group Inc. ("Dresser-Rand" or the "Company") (NYSE: DRC), a global supplier of rotating equipment and aftermarket parts and services, announced today that the Company will present at the Wells Fargo Securities 10th Annual Pipeline, MLP and E&P, Services and Utility Symposium on Wednesday, December ...
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Dresser-Rand Investing in Center of Excellence for F-Class Rotor Repairs
Dec 5, 2011
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Houston, Texas, Dec. 5, 2011 - Dresser-Rand, a global supplier of rotating equipment solutions to the oil, gas, petrochemical, power and process industries, is expanding its Turbine Technology Services facility in Houston, Texas to include a center of excellence for F-class rotor repair.
Dresser-Rand Turbine Technology Services currently...
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Dresser-Rand to Present at Capital One Southcoast 6th Annual Energy Conference
Nov 30, 2011
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HOUSTON, Nov. 30, 2011 /PRNewswire/ -- Dresser-Rand Group Inc. ("Dresser-Rand" or the "Company") (NYSE: DRC), a global supplier of rotating equipment and aftermarket parts and services, announced today that the Company will present at the Capital One Southcoast 6th Annual Energy Conference on Wednesday, December 7, 2011. Mark Baldwin, Executive Vi...
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Dresser-Rand Receives Grants from Innovation Norway for Green Technology
Nov 29, 2011
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Houston, Texas, Nov. 29, 2011 - Dresser-Rand, a global supplier of rotating equipment solutions to the oil, gas, petrochemical, and process industries, has been awarded 4 million NOK ($684,000 USD) in public grant funding by Innovation Norway (IN). The grant will be used to support testing for a new, environmentally friendly turbine-generator se...
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Dresser-Rand to Present at Dahlman Rose & Co. Ultimate Oil Services & Drilling Conference
Nov 22, 2011
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HOUSTON, Nov. 22, 2011 /PRNewswire/ -- Dresser-Rand Group Inc. ("Dresser-Rand" or the "Company") (NYSE: DRC), a global supplier of rotating equipment and aftermarket parts and services, announced today that the Company will present at Dahlman Rose & Co. Ultimate Oil Services & Drilling Conference on Wednesday, November 30, 2011. Vince Volpe, Presi...
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Dresser-Rand Reports Third Quarter 2011 Diluted EPS of $0.51
Nov 2, 2011
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HOUSTON, Nov. 2, 2011 /PRNewswire/ --
Results Summary (dollars in millions, except per share data):
Three Months Ended Sept. 30,
Nine Months Ended Sept. 30,
2011
2010
2011
2010
Total revenues
$630.5
$483.1
$1,573.6
$1,416.4
Income from operations
$72.5
$65.3
$129.6
$192.6
Interest expense, net
...
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Dresser-Rand Announces Third Quarter 2011 Conference Call
Oct 26, 2011
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HOUSTON, Oct. 26, 2011 /PRNewswire/ -- Dresser-Rand Group Inc. ("Dresser-Rand" or the "Company") (NYSE: DRC) has scheduled a conference call to discuss its third quarter 2011 results on Thursday, November 3, 2011, at 9:00 a.m. Eastern Time. Dresser-Rand will issue its earnings release prior to the call.
The call will be broadcast live over the ...
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Dresser-Rand Teams Up With King Fahd University Faculty and Students for Noise Reduction Research
Oct 24, 2011
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Houston, Texas, October 24, 2011 - Dresser-Rand, a supplier of rotating equipment solutions to the worldwide oil, gas, petrochemical, and process industries, has finalized a collaborative research agreement (CRA) with King Fahd University of Petroleum and Minerals (KFUPM). The company recently participated in the 2nd Annual KFUPM Research Day to...
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Dresser-Rand Selected to Supply More Than $700 Million of Compression Systems and Related Maintenance Services for Eight FPSO Vessels for Brazil's Pre-salt Fields
Oct 3, 2011
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HOUSTON, Oct. 3, 2011 /PRNewswire/ -- Dresser-Rand Group Inc. ("Dresser-Rand" or, collectively with its affiliates, the "Company") (NYSE: DRC), a global supplier of rotating equipment and aftermarket parts and services, has been awarded compression equipment and services valued at more than $700 million by TUPI B.V. (Petrobras 65% and operator, BG ...
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Dresser-Rand's Selection to Supply Compression Systems for Eight "Replicant" FPSO Vessels for Brazil's Pre-salt Fields Subject to Further Approvals
Sep 6, 2011
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HOUSTON, Sept. 6, 2011 /PRNewswire/ -- Vince Volpe, Dresser-Rand's President & CEO, made a presentation at the Barclays CEO Energy — Power Conference today, which was simultaneously webcast. In response to questions, Mr. Volpe confirmed that the Company believes it has been selected as the supplier for all the compression needs of the eight "...
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Dresser-Rand to Present at Barclays Capital CEO Energy - Power Conference
Aug 29, 2011
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HOUSTON, Aug. 29, 2011 /PRNewswire/ -- Dresser-Rand Group Inc. ("Dresser-Rand" or the "Company") (NYSE: DRC), a global supplier of rotating equipment and aftermarket parts and services, announced today that the Company will present at Barclays Capital CEO Energy - Power Conference on Tuesday, September 6, 2011. Vince Volpe, President and Chief Exec...
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Dresser-Rand Announces $150 Million Accelerated Share Buyback Program
Aug 26, 2011
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HOUSTON, Aug. 26, 2011 /PRNewswire/ -- Dresser-Rand Group Inc. ("Dresser-Rand" or the "Company") (NYSE: DRC) announced today that its board of directors has authorized in total the repurchase of up to $150 million of its common stock, which is approximately 5 percent of the Company's outstanding shares. As of August 25, 2011, Dresser-Rand had 78.7...
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Dresser-Rand Reports Second Quarter 2011 Diluted EPS of $0.14
Aug 4, 2011
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HOUSTON, Aug. 4, 2011 /PRNewswire/ --
Results Summary (dollars in millions, except per share data):
Three Months Ended June 30,
Six Months Ended June 30,
2011
2010
2011
2010
Total revenues
$588.9
$431.2
$943.1
$933.3
Income from operations
$37.9
$62.9
$57.1
$127.3
Interest expense, net
($16.0...
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Dresser-Rand Announces Second Quarter 2011 Conference Call
Jul 29, 2011
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HOUSTON, July 29, 2011 /PRNewswire/ -- Dresser-Rand Group Inc. ("Dresser-Rand" or the "Company") (NYSE: DRC) has scheduled a conference call to discuss its second quarter 2011 results on Friday, August 5, 2011, at 9:00 a.m. Eastern Time. Dresser-Rand will issue its earnings release prior to the call.
The call will be broadcast live over the Int...
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Dresser-Rand and Statoil Launch Joint Research & Development Program Based on DRC's Recently Introduced Integrated Compression System (ICS)
Jun 20, 2011
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HOUSTON, June 20, 2011 /PRNewswire/ -- Dresser-Rand Group Inc. ("Dresser-Rand") (NYSE: DRC) and Statoil (NYSE: STO) announced today that they have launched a joint research and development project based on Dresser-Rand's Integrated Compression System (ICS).
The ICS is an advanced technology platform that uses high-efficiency DATUM centrifugal co...
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