04282017Fri
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Mueller Water Products Reports 2017 Second Quarter Results

Friday, 28 April 2017  |  Chris Guy

For its fiscal second quarter ended March 31, 2017, Mueller Water Products’ net sales were up 1.3% to $199.7 million and net income was $73.3 mi...

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Industry Headlines

Mueller Water Products Reports 2017 Second Quarter Results

-1 DAYS AGO

For its fiscal second quarter ended March 31, 2017, Mueller Water Products’ net sales were up 1.3% to $199.7 million and net income was $73.3 million, or $0.45 per diluted share. Operating income from continuing operations was $10.9 million. The quarter's results included $68.6 million of income...

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Weir Group Reports First Quarter 2017 Results

-1 DAYS AGO

The Weir Group's first quarter input was 15% higher than the prior year period with good sequential growth primarily driven by increased activity levels in North American Oil & Gas and strong aftermarket orders in Minerals. Group-wide aftermarket orders were 21% higher than the prior year period w...

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Permian Basin Oil Production Continues to Increase

19 HOURS AGO

Crude oil production in the Permian Basin is expected to increase to an estimated 2.4 million barrels per day in May, based on estimates from the U.S. Energy Information Administration . Between January 2016 and March 2017, oil production in the Permian Basin increased in all but three months, even as...

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East Coast Refiners Eye Texas as Alternative to North Dakota

1 DAY AGO

“Major U.S. East Coast refiners profited from railing hundreds of thousands of barrels of discounted Bakken crude to their plants daily from 2013 until 2015. But as more and more pipelines were built in North Dakota, the discount began to disappear, and so did the rail cars,” Reuters repor...

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Survey Shows Small Business Confidence Increasing

20 HOURS AGO

The second annual Allstate/ Small Business Barometer finds increasing optimism and innovation among small business owners, despite the rising cost of doing business. Nine in 10 local entrepreneurs say the benefits of owning a business outweigh the challenges. This year’s Barometer found that, ...

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Durable Goods Orders Up 0.7% in March

21 HOURS AGO

New orders for manufactured durable goods in March increased $1.6 billion or 0.7% to $238.7 billion, the U.S. Department of Commerce announced today. Economists were anticipating an increase of 1.2%. This March increase , the third consecutive, followed a 2.3% February increase.

Excluding transportatio...

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EPA Proposes New Clean Air Standards for Soot Pollution

In response to a court order, the EPA Friday proposed updates to its national air quality standards for harmful fine particle pollution, including soot (known as PM2.5). These microscopic particles can penetrate deep into the lungs and have been linked to a wide range of serious health effects, including premature death, heart attacks, and strokes, as well as acute bronchitis and aggravated asthma among children. A federal court ruling required EPA to update the standard based on best available science. The proposal, which meets that requirement, builds on steps already taken by the EPA to decrease pollution across the country. The EPA says 99% of U.S. counties are projected to meet the proposed standard without any additional action.

In response to the EPA's announcement, NAM President and CEO Jay Timmons criticized the move, stating: “The scope and damaging impact the EPA’s new standard will have on manufacturers across the country, both large and small, is troubling. Essentially this standard will result in strict regulations on any kind of existing facility, while restricting new permit requirements for the development of new facilities. This standard will also place certain counties in a ‘penalty box’ and make them less attractive to new business.”

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