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This excerpt taken from the MDR 8-K filed May 12, 2008. Power Generation Systems Segment Revenues in the Power Generation Systems segment for the first quarter of 2008 were $616.3 million, compared to $655.4 million in the first quarter of 2007. The reduction in revenues resulted primarily from lower activities on new fossil utility steam systems and retrofits of existing facilities compared to a year ago, partially offset by increased levels of replacement parts and activities on replacement nuclear steam generators. Segment income for the 2008 first quarter was $76.3 million, compared to $43.5 million in the 2007 first quarter. The increase in segment income resulted primarily from improved profitability on utility steam systems, higher volumes of replacement parts and increased activities on replacement nuclear steam generator. At March 31, 2008, segment backlog was $3.2 billion, compared to backlog of $2.3 billion and $3.3 billion at March 31, 2007 and December 31, 2007, respectively. |
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