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Problem-Driven Innovation

Problem-Driven Innovation

Developing Alternative Technology to Imp...

Valve Repair Takes Center Stage in Houston

Valve Repair Takes Center Stage in Houston

Attendees gathered June 2-3 in Houston t...

What Internal Best Practices Can Do for Valve Selection

What Internal Best Practices Can Do for Valve Selection

As time goes by, technology moves forwar...

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Problem-Driven Innovation

Problem-Driven Innovation

Monday, 20 June 2016  |  Mark A. Lobo, P.E.

Developing Alternative Technology to Improve Product Performance

Industrial product engineering teaches us to understand the difference between problem...

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Industry Headlines

Curtiss-Wright Awarded Contracts for U.S. Naval Defense Platforms

2 DAYS AGO

Curtiss-Wright announced that it has been awarded contracts valued in excess of $80 million to provide valves for the U.S. Navy’s Virginia-class submarines and Ford-class aircraft carriers. The awards were received from Bechtel Plant Machinery, Inc. and General Dynamics Electric Boat Division ...

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DeZURIK Adds Dedicated Clean Room to Sartell Plant

4 DAYS AGO

In order to ensure proper cleaning procedures are performed on valves intended for oxygen, ozone, chlorine, hydrogen peroxide, isocyanate and other applications, DeZURIK has constructed a new dedicated clean room within its Sartell, MN manufacturing plant.

Operated by trained cleaning technicians, DeZU...

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Global Upstream Spending Slashed by $1 Trillion

2 DAYS AGO

Global upstream development spending from 2015 to 2020 has been cut by 22% or $740 billion since the oil price started to drop two years ago, according Wood Mackenzie's research . When you include cuts to conventional exploration investment, the figure increases to just over $1 trillion. Expect to see...

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EPA Bans Fracking Wastewater Disposal at Public Treatment Plants

4 DAYS AGO

The EPA has finalized a rule establishing pretreatment standards for discharges of wastewater from onshore unconventional oil and gas (UOG) extraction facilities to municipal sewage treatment plants (also known as publicly owned treatment works, or POTWs). The rule is designed to prevent the discharge...

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U..S. Durable Goods Orders Down 2.2% in May

1 DAY AGO

New orders for manufactured durable goods in May decreased $5.3 billion or 2.2% to $230.7 billion, the Commerce Department announced today. This decrease , down following two consecutive monthly increases, followed a 3.3% April increase. Excluding transportation, new orders decreased 0.3%. Excluding d...

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Federal Judge Halts New BLM Fracking Rules

2 DAYS AGO

“The Obama administration will fight a federal judge’s ruling overturning its effort to regulate hydraulic fracturing on public lands,” Bloomberg reports . The White House says they will take the case to the U.S. Court of Appeals.

“The ruling, issued late Tuesday by Wyoming-based...

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Flowserve Corporation Reports First Quarter Results

In the Flow Control Division (FCD) of Flowserve bookings for the first quarter of 2012 were $380.1 million, an increase of $2.8 million, up 0.7%, or 2.6% excluding negative currency effects of approximately $7 million. FCD sales for the first quarter of 2012 were $363.9 million, an increase of $26.3 million, up 7.8%, or 10.2% excluding negative currency effects of approximately $8 million.

FCD gross profit for the first quarter of 2012 increased to $127.2 million, up $11.6 million or 10.0%. Gross margin for the first quarter of 2012 increased 80 basis points to 35.0%, which was primarily attributable to favorable product line and maintenance, repair and overhaul mix, improved absorption of fixed manufacturing costs, continued progress on low cost sourcing initiatives and benefits from pricing actions taken in 2011.

FCD operating income for the first quarter of 2012 increased to $55.7 million, up $8.2 million or 17.3%, including negative currency effects of approximately $1 million. The increase was primarily attributable to the increase in gross profit, partially offset by an increase in selling, general & administrative expense (SG&A) due to increased selling expenses in support of increased sales and increased research and development costs. Operating margin increased 120 basis points to 15.3%.

For the complete report click here

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