Exterran Holdings, Inc. (NYSE: EXH) today reported financial results for the second quarter 2012. These results of operations are presented on a consolidated basis including the results of Exterran Partners, L.P.
EBITDA, as adjusted (as defined below), was $101.5 million for the second quarter 2012, and was reduced by charges of $7.6 million related to sales tax audits associated with prior years incorporated in selling, general and administrative expenses. In addition, EBITDA, as adjusted, for the second quarter 2012 excluded a benefit of $4.7 million from a periodic payment received during the quarter from the prior sale of joint venture assets in Venezuela. EBITDA, as adjusted, was $96.2 million for the first quarter 2012 and $82.8 million for the second quarter 2011. Revenue was $630.7 million for the second quarter 2012, compared to $615.2 million for the first quarter 2012 and $644.1 million for the second quarter 2011.
Fabrication backlog was $1,286.4 million at the end of June 2012, compared to $955.3 million at the end of March 2012 and $736.2 million at the end of June 2011. Fabrication bookings were $598.7 million for the second quarter 2012, compared to $482.3 million for the first quarter 2012 and $256.6 million for the second quarter 2011. In the second quarter of 2012, the definition of fabrication backlog was revised to include installations. This change also was made to prior periods for comparative purposes.
Net loss from continuing operations attributable to Exterran stockholders for the second quarter 2012 was $30.5 million, or $0.48 per diluted share, excluding a benefit of $4.7 million from a periodic payment received during the quarter from the prior sale of joint venture assets in Venezuela and excluding other pretax charges totaling $129.8 million, comprised primarily of non-cash long-lived asset impairment charges of $128.5 million related primarily to our U.S. fleet. Due to the expected sale of our Canadian business, our Canadian contract operations and aftermarket services businesses are reflected as discontinued operations in our current and prior period financial results. The long-lived asset impairment charge did not impact our cash flows, liquidity position, or compliance with debt covenants.
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