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Prosperity in the Age of Decline

Prosperity in the Age of Decline

In his address to VMA’s Annual Meeting in Septembe...

Understanding and Choosing Waterworks Valve Flanges

Understanding and Choosing Waterworks Valve Flanges

PART TWO: Construction and Installation

(Ed. Note: ...

Market Outlook 2015: Oil Joins Gas in the Spotlight

Market Outlook 2015: Oil Joins Gas in the Spotlight

Natural gas returned as star of the show at the 20...

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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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Valve Magazine Digital Edition

14 SUM CVR 160x214Inside the Summer 2014 issue…

• Attracting Talent
• Advances in Machining
• Severe Service in Power Plants
• SIS Tests and Standards

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