Feb 25 (Reuters) - Dresser-Rand Group Inc:
* Sets records for 2009 sales, operating income and net income
* Q4 earnings per share $0.50
* Q4 revenue fell 24.6 percent to $562.5 million
* Says backlog at December 31, 2009 was $340.9 million
* Says aftermarket bookings for the fourth quarter 2009 of $240.5 million were
18.4% lower
* Says announces share repurchase program of up to $200 million
* Says at December 31, 2009, 73.1% of the backlog of $1,711.7 million was
scheduled to ship in 2010
* Sees full year 2010 interest expense to be in the range of $30 million to $35
million
* Sees first quarter 2010 operating income to be in the range of 16 to 18
percent of the total year
* Says devaluation of bolivar expected to result in foreign exchange loss of
$14 million in the first quarter 2010
* Says reiterates its guidance for 2010
* Business model will also provide US with respectable margins and results in
2010, despite lower revenues
* Rpt-dresser-rand says devaluation of bolivar expected to result in foreign
exchange loss of $14 mln in the first quarter 2010
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
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* Sets records for 2009 sales, operating income and net income
* Q4 earnings per share $0.50
* Q4 revenue fell 24.6 percent to $562.5 million
* Says backlog at December 31, 2009 was $340.9 million
* Says aftermarket bookings for the fourth quarter 2009 of $240.5 million were
18.4% lower
* Says announces share repurchase program of up to $200 million
* Says at December 31, 2009, 73.1% of the backlog of $1,711.7 million was
scheduled to ship in 2010
* Sees full year 2010 interest expense to be in the range of $30 million to $35
million
* Sees first quarter 2010 operating income to be in the range of 16 to 18
percent of the total year
* Says devaluation of bolivar expected to result in foreign exchange loss of
$14 million in the first quarter 2010
* Says reiterates its guidance for 2010
* Business model will also provide US with respectable margins and results in
2010, despite lower revenues
* Rpt-dresser-rand says devaluation of bolivar expected to result in foreign
exchange loss of $14 mln in the first quarter 2010
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.