Valve Magazine

Sat04192014

Last updateThu, 17 Apr 2014 1pm

Tank Cars

Tank Cars

The next time you‘re stopped at a crossing waiting...

Extracting Nutrients, Saving Resources through Livestock Water Recycling

Extracting Nutrients, Saving Resources through Livestock Water Recycling

Giant livestock farms, which can house thousands o...

The Expanding Network of Valves

The Expanding Network of Valves

As industry itself reaches into more and more area...

Valve Packing & Gasket Research and Development Devices

Valve Packing & Gasket Research and Development Devices

The continuous improvement of valve packing techno...

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Tank Cars

Tank Cars

The next time you‘re stopped at a crossing waiting for a mile-long train you thi...

The Expanding Network of Valves

The Expanding Network of Valves

As industry itself reaches into more and more areas of the world, getting the eq...

The Expanding Reach of Plastic Valves

The Expanding Reach of Plastic Valves

Although plastic valves are sometimes seen as a specialty product—a top choice o...

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.

 

Valve Magazine Digital Edition

SPR14 CVR 160x214Inside the Spring 2014 issue…

• Tank Cars
• DBBS & DIBS
• Shale Gas
• New Globe Standard

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