09282016Wed
Last updateWed, 28 Sep 2016 7pm

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Caution: Horizontal Stem Installation Ahead

Caution: Horizontal Stem Installation Ahead

When it comes to linear valve installati...

The Critical Stem Nut: Who is Responsible for Maintenance?

The Critical Stem Nut: Who is Responsible for Maintenance?

One of the most important components of ...

An Alternative Basics Education: Valve Ed Comes to You!

An Alternative Basics Education: Valve Ed Comes to You!

For the first time in the seven-year his...

Give Your Flow Meter a Happy Home

Give Your Flow Meter a Happy Home

Increased emphasis on the need to improv...

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Industry Headlines

Wolseley Reports 2016 Full Year Results

23 HOURS AGO

Wolseley plc delivered an improvement in overall results for the fiscal year ending July 31, 2016, up 8.5% from last year. Revenue of $18.7 billion was 4.2% ahead at constant exchange rates and 2.4% ahead on a like-for-like basis. Price deflation, particularly in the U.S., reduced revenue by 1.5%. Imp...

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ValvTechnologies Joins MSS of the Valve and Fittings Industry Committee

1 DAY AGO

ValvTechnologies, Inc. has been unanimously approved for membership in the Manufacturers Standardization Society (MSS) of the Valve and Fittings Industry Committee. Representing ValvTechnologies is Tony Majka, director of engineering.

The MSS is a non-profit technical association organized for develo...

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Construction Chemicals Market to Reach $40,154M by 2022

1 HOUR AGO

According to a new report published by Allied Market Research, the construction chemicals market is poised to reach $40,154 million by 2022, from $27,162 million in 2015, growing with a CAGR of 5.6% from 2016 to 2022. The concrete admixtures segment leads the construction chemicals market with more th...

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Goldman Sachs: U.S. Shale Firms to Pump More Oil by 2017

2 HOURS AGO

“Though the collapse in prices caused a wave of bankruptcies, total U.S. oil production has only fallen by about 535,000 barrels a day so far this year compared with 2015, when it averaged 9.4 million barrels, according to the latest federal data,” The Wall Street Journal reports .

“As...

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Durable Goods Orders Unchanged in August

-1 DAYS AGO

New orders for manufactured durable goods in August were little changed at $226.9 billion, the U.S. Department of Commerce announced, following a 3.6% July increase. Economists were predicting a 1.5% decrease in August. Excluding transportation, new orders decreased 0.4%. Excluding defense, new orders...

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U.S. Consumer Confidence Surges to Nine-Year High

1 DAY AGO

The Conference Board Consumer Confidence Index, which had increased in August, improved further in September. The Index now stands at 104.1, up from 101.8 in August. The 104.1 figure is the highest since August 2007.

“Consumer confidence increased in September for a second consecutive month and i...

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Velan Inc. Reports its Second Quarter 2012/13 Financial Results

Velan Inc. announced its financial results for its second quarter ended August 31, 2012. Net earnings amounted to $3.3 million or $0.15 per share compared to a net loss of $2.1 million or $0.10 per share last year. Excluding currency impacts, Velan would have reported net earnings of $3.5 million or $0.16 per share this year compared to a net loss of $2.0 million or $0.09 per share last year. Further excluding the results of Velan ABV S.p.A., an Italian valve manufacturer acquired in the prior fiscal year, and the effects of purchase price accounting, Velan would have reported net earnings of $4.5 million or $0.21 per share this year compared to a net loss of $0.5 million or $0.02 per share last year.

Net new orders received amounted to $92.4 million, a decrease of $79.7 million or 46.3% compared to last year. Excluding currency impacts, the decrease would have been $80.8 million or 46.9%. Velan ended the quarter with a backlog of $625.9 million, a decrease of $35.9 million since the beginning of the current fiscal year. Excluding currency impacts, the backlog would have decreased by $13.9 million over the same period to $647.9 million.

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