Edit ModuleShow Tags

Exterran’s Fabrication Backlog Grows

Fourth Quarter EBITDA slips as revenues decline


Published:

Exterran Holdings Inc. said its fabrication bookings jumped to US$402.9 million in the fourth quarter of 2013, compared to US$276.2 million for the third quarter and US$284 million in the same period of 2012.

That brought the company’s fabrication backlog to US$679.9 million on Dec. 31, 2013, compared to US$619.4 million on Sept. 30, 2013 and US$1.065 billion on Dec. 31, 2012.

Exterran announced its earnings before interest, taxes, depreciation and amortization (EBITDA) were US$154.2 million for the fourth quarter, compared to US$157.3 million for the third quarter and US$140.3 million for the fourth period of 2012. Revenue was US$739 million, compared to US$775.6 million and US$837.1 million, respectively.

“In the fourth quarter, we had a solid operating performance as we grew operating horsepower in both of our North America and International contract operations businesses, increased bookings in our fabrication business, particularly in our Belleli Energy operations, and achieved a record quarterly level of gross margin in our aftermarket service business,” said Brad Childers, president and CEO.

“I believe we are on track to make further progress in improving the company’s performance in 2014, though similar to the last two years, first quarter revenues are expected to decline somewhat from fourth quarter levels,” he said.

Edit ModuleShow Tags

Archive »Archive »

MCO-I Coming To America

Mitsubishi Heavy Industries Compressor International Corp. (MCO-I) has started operating in North America at its facility in Pearland, Texas, south of Houston.

EIA: Natural Gas Prices Increase In Most Locations

Most market locations saw natural gas prices jump during the April 15 to April 22 report week, according to the U.S. Energy Information Administration.

Valerus Recognized For Safety Performance

Valerus received a Gas Processors Suppliers Association (GPSA) Company Safety Award at the 2015 GPSA annual convention in San Antonio, Texas.

GE Adds Propak To Power Packager Program

GE’s Distributed Power business has expanded its Gas Compression Power Packager program in Canada by adding Propak Systems as a new participant at the platinum level.

Nasmyth Group Opens North American Headquarters

Nasmyth Group, a global supplier of precision engineering, products and services, opened its regional North American headquarters.