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Back You are here: Home News Industry Headlines Valve Manufacturing Cameron Announces Fourth Quarter 2013 Earnings

Valve Manufacturing

Cameron Announces Fourth Quarter 2013 Earnings

Cameron reported earnings per share for the fourth quarter of 2013 of $1.00, excluding charges. This compares to earnings per share for the fourth quarter of 2012 of $0.95, excluding charges. After-tax charges for the fourth quarter of 2013 were $0.05 per share, primarily related to integration and restructuring costs. After-tax charges for the fourth quarter 2012 were $0.07 per share.

Cameron reported GAAP net income of $243.1 million for the fourth quarter of 2013, or $0.95 per diluted share. This represents an increase of 11% from $218.3 million, or $0.88 per diluted share in GAAP net income for the fourth quarter of 2012.

For the full year 2013, Cameron reported diluted earnings per share of $3.30 excluding charges and the tax consequences of the formation of OneSubsea. This compares to diluted earnings per share, excluding charges, of $3.13 in 2012. Cameron reported GAAP net income of $724.2 million, or $2.87 per diluted share, compared to GAAP net income of $750.5 million, or $3.02 per diluted share in 2012. 

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