Last updateThu, 22 Oct 2020 5pm

Tyco Flow Control Reports Fourth Quarter Earnings

Tyco Flow Control revenue increased 11% in the quarter with organic revenue growth of 6.5% led by continued growth in the Valves business, which grew 15% organically. This was offset by a 6% organic revenue decline in the Water business primarily due to reduced water pipeline project activity in Australia.

Source: Tyco

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Emerson Achieves Record 2008 Results

Emerson Process Management delivered an exceptional year, with reported sales increasing 17 percent to $6.7 billion.  Underlying sales growth for the year was 14 percent, which excludes a favorable impact of 4 percent from currency translation and a negative 1 percent impact from the Brooks Instrument divestiture, net of acquisitions. 

Source: Emerson

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Curtiss-Wright Awarded $83 Million U.S. Navy Contract

Curtiss-Wright Corp. has been awarded a contract inclusive of options in excess of $83 million to provide critical valves for the U.S. Navy's next four Virginia-Class submarines and second Ford-Class Aircraft Carrier. The award from Bechtel Plant Machinery, Inc. is for an initial ship-set of submarine valves and long lead materials valued at approximately $15 million.

Source: Curtiss-Wright

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Crane Co. Reports Third Quarter Earnings

Crane’s Fluid Handling segment backlog was $286 million at September 30, 2008, a decrease of 4% from $298 million at June 30, 2008, and an increase of 18% over $243 million at December 31, 2007. The third quarter 2008 sales increase of $2.5 million reflects $2.1 million of incremental sales related to the August 2007 acquisition of the Mobile Rugged Business division of Kontron America.

Source: Crane Co.

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Cameron Third Quarter Earnings Per Share $0.73

Cameron reported net income of $166.3 million, or $0.73 per diluted share, for the quarter ended September 30, 2008, compared with net income of $150.7 million, or $0.65 per diluted share, for the third quarter of 2007. The third quarter 2007 results included a gain of $19.8 million, or $0.09 per share, related to the favorable resolution of certain tax matters. Orders for subsea, drilling, and valves businesses reached record levels.

Source: Cameron

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