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Last updateTue, 29 Sep 2020 7pm

Velan Inc. Reinstates Dividend and Reports its 2008 Financial Results

Velan Inc. reported financial results for the fiscal year ended May 31, 2008, with net earnings of $12.5 million, or $0.56 per share, compared to $18.4 million, or $0.82 per share in the preceding year. For the fourth quarter, net earnings amounted to $7.3 million, or $0.33 per share, versus $6.9 million, or $0.31 per share, in the preceding year.

Source: Velan

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McJunkin Plans $750M Initial Public Stock Offering

Industrial pipe and valve distributor McJunkin Red Man Holding Corp. is preparing an initial public stock offering.

McJunkin's outlines plans to sell up to $750 million in stock in a filing with the Securities and Exchange Commission.

Source: The Associated Press

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Curtiss-Wright Flow Control Names Clifton D. Jacobs Vice-President of Operational Excellence

Curtiss-Wright Flow Control Corporation (CWFC) announced that Clifton D. Jacobs has been named Vice President of Operational Excellence. He will report directly to CWFC President David Linton and will be responsible for developing and implementing operational excellence initiatives and programs to drive business improvement across the organization and augment the company’s plans to transform each of its business units into world-class performers.

Source: Curtiss-Wright

SPX Revenues up 29% in Second Quarter

SPX Corporation's second quarter revenues increased 28.8% to $1.56 billion from $1.21 billion in the year-ago quarter. Organic revenue growth was 3.7%, while completed acquisitions and the impact of currency fluctuations increased reported revenues by 20.6% and 4.5%, respectively.

Source: SPX

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Co-Winners Honeywell and Emerson: Solving the Hard Problems

Blaine Tookey spent several years trying to solve a business problem akin to shooting at a moving target. Then he discovered the OneWireless network from Honeywell Process Solutions.

This network's ability to function reliably in the harshest of industrial environments earned it the distinction of co-winner in the product category of the 2008 MBT Innovation Insight Awards—the other being the Smart Wireless network from Emerson Process Management.

Source: Manufacturing Business Technology

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