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Business Slips for Exterran in early 2014

It reports lower first-quarter revenues, profits, backlog


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.”

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