06252016Sat
Last updateFri, 24 Jun 2016 2pm

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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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