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Cameron Reports Fourth Quarter Earnings

Cameron reported net income of $97.3 million, or $0.41 per diluted share, for the quarter ended December 31, 2009, compared with net income in the prior year’s fourth quarter of $146.0 million, or $0.66 per diluted share.

Orders booked in 2009’s fourth quarter totaled $1.37 billion, up from the $1.17 billion of a year ago and up sequentially from the third quarter, as gains in Drilling & Production Systems and Valves & Measurement more than offset slight declines in Compression Systems.

Source: Cameron

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