Exterran Corporation Provides Fourth Quarter 2019 Operational Update
Exterran Corporation (EXTN)
Last exterran corporation earnings: 2/26 04:30 pm
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Source: GlobeNewswire
HOUSTON, Feb. 13, 2020 (GLOBE NEWSWIRE) -- Exterran Corporation (NYSE: EXTN) (“Exterran” or the “Company”) today provided a fourth quarter 2019 operational update. Andrew Way, Exterran’s President and Chief Executive Officer commented, “Despite the difficult market conditions experienced in 2019, we finished the year strong with fourth quarter EBITDA, as adjusted, at the high end of what we had anticipated, while meaningfully lowering our debt levels compared to the third quarter. On top of this, 2020 is off to a very strong start as bookings to date have already exceeded $400 million, driven largely by international markets. This exceeds the aggregate volume of product awards received in 2019. “We will provide additional details on our fourth quarter conference call on the year ahead along with the progress we have made in regards to our strategic review process regarding our U.S. compression manufacturing business.” (in millions)Preliminary 4Q19 ResultsRevenue$265
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