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More on Dresser-Rand (DRC): Q1 EPS comes in line but revenue beats as total sales increased by...

More on Dresser-Rand (DRC): Q1 EPS comes in line but revenue beats as total sales increased by 16% Y/Y. Net earnings rose 39% as the equipment maker reported stronger sale from both its segments. Sales in its new units segment rose 18% while the aftermarket parts and services business revenue improved 9.9%. Total backlog rose 4.3%, bookings fell 19% from a year earlier. Gross margin widened to 22.4% from 21.9%, despite a 15% increase in input costs.

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