Edit ModuleShow Tags

Business Slips for Exterran in early 2014

It reports lower first-quarter revenues, profits, backlog


Published:

Exterran Holdings Inc. said its earnings before interest, taxes, depreciation and amortization were US$144.8 million for the first quarter compared to US$154.4 million for the fourth quarter 2013 and US$146.1 million for the first quarter 2013.

Revenue was US$643 million for the first quarter 2014, compared to US$739 million for the fourth quarter 2013 and US$809.9 million for the first quarter 2013.

Fabrication backlog was US$669.1 million as of March 31, compared to US$679.9 million on Dec. 31, 2013 and US$994 million on March 31, 2013. Fabrication bookings were US$276.6 million for the first quarter, compared to US$402.9 million for the fourth quarter 2013 and US$387 million for the first quarter 2013.

“First quarter highlights included continued solid performance in all of our business segments and improved profitability in our fabrication operations, which reflect sustained improvement from our performance improvement initiatives,” said Brad Childers, Exterran Holdings president and CEO. “Looking at our markets, our overall opportunity set remains promising across our product and service lines, and demand is particularly active for compression products and services in North America.”

Edit ModuleShow Tags

Archive »Recent Articles

GE Breaks Ground On Welland Facility

GE has started constructing its multimodal facility in Welland, Ontario, Canada.

Roberto Chellini

It is with great sadness that we report the passing of Roberto Chellini recently in Florence, Italy. He was 82 years old.

Nat Gas Output Expected To Grow 62%

Worldwide natural gas production is expected to increase 62% by 2040, according to the U.S. Energy Information Administration’s (EIA’s) International Energy Outlook 2016 and Annual Energy Outlook 2016.

Capstone Puts Its Signature On New Order

Capstone Turbine Corp. received an order for two Signature Series microturbines (the C1000S and C600S) for an oil and gas platform off the California coast.

A New Way For Bently

New Way Air Bearings has acquired the assets of Bently Pressurized Bearing Co., Minden, Nevada.