Tyco International Ltd. reported $0.41 in diluted earnings per share (EPS) from continuing operations for the fiscal third quarter of 2008 and diluted EPS from continuing operations before special items of $0.88. Diluted EPS from continuing operations was negatively impacted by special items of $0.47 per share primarily for separation-related items and restructuring activities.
Source: Tyco
Flowserve Corp. announced record second quarter performance including earnings per share, sales and bookings. The company announced second quarter fully diluted EPS of $2.13, up 92%, and operating income of $171.6 million, up 77%, over the second quarter of 2007.
Source: Flowserve
Cameron reported net income of $152.0 million, or $0.65 per diluted share, for the quarter ended June 30, 2008, compared with net income of $123.2 million, or $0.54 per diluted share, for the second quarter of 2007.
Total revenues were $1,480.6 million for the quarter, up 30% from 2007’s $1,139.0 million and income before income taxes was $223.5 million, up 26% from the $176.8 million of a year ago.
Source: Cameron
Cameron acquired the DynaTorque line of products and services from Hines Corporation. The business will now be offered through Cameron’s Flow Control division, part of the Cameron’s Drilling & Production Systems group.
Source: Cameron
ITT Corporation reported second quarter revenues for Fluid Technology topped $1 billion for the first time ever, representing year-over-year growth of nearly 17%. Top-line growth in the segment was driven by strong organic revenue growth of 10%, led by robust international sales.
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