09292016Thu
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

1 DAY 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

10 HOURS 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

11 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

8 HOURS 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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Tyco Flow Control Reports Second Quarter 2012 Results

Tyco's Flow Control segement reports revenue of $996 million increased 24% in the quarter with organic revenue growth of 21%. Organic revenue grew 18% in Valves, 21% in Water and 32% in Thermal Controls. Excluding the impact of foreign currency, orders increased 21% year-over-year and backlog increased 4% on a quarter sequential basis to $1.9 billion.

Operating income was $111 million and the operating margin was 11.1%. Operating income before special items was $114 million and the operating margin was 11.4%. Operating income was negatively impacted by mix in Thermal Controls related to lower sales of higher margin products due to an unseasonably warm winter in North America. Additionally, operating income included a $4 million charge associated with a water project retained from a prior divestiture. The company estimates that these two items had a total impact of $10 million or about 100 basis points on operating income before special items.

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