Valve Magazine

Tue07282015

Last updateMon, 27 Jul 2015 4pm

The Current State of R&D in the Valve Industry

The Current State of R&D in the Valve Industry

As valve end-user industries become more complex a...

The Industry Comes Together at the 2015 Valve World Americas Show

The Industry Comes Together at the 2015 Valve World Americas Show

The George R. Brown Convention Center in Houston h...

From Cannon Balls to Pressure Seals: Graphite for Sealing

From Cannon Balls to Pressure Seals: Graphite for Sealing

Graphite has qualities that make it a great choice...

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Colfax Names Matthew Trerotola New CEO

Colfax Names Matthew Trerotola New CEO

8 HOURS AGO  |  Chris Guy

Colfax Corporation announced that Matthew L. Trerotola , formerly an executive vice president at DuPont, has been named Chief Executive Officer and a dire...

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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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Valve Magazine Digital Edition

Valve Magazine Summer 2015Inside the Summer 2015 issue…

• Critical Service
• Effects of Flashing/Cavitation
• Coatings and Wastewater Apps
• The Latest in R&D

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