The Dresser-Rand Group (DRC) is a mid-cap company operating in the energy infrastructure space of the energy services group. In 2012, total revenue was $2.74 billion and earnings were $2.35/share. Those numbers were up +18% and +53%, respectively, year-over-year.
After doubling over the last three years, DRC could easily double again over the next two years. Here's why:
Dresser-Rand is a technology company specializing in high speed rotating equipment like compressors, turbines, and engines. The company makes and services mission critical equipment. As CEO Vince Volpe said at a recent Barclays conference, the refiner won't make gasoline if the compressor in the cracker isn't working; the LNG plant won't make LNG if the refrigeration unit...
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