Valve Manufacturing

Rotork Controls Revenue and Operating Profit Lead to Record First-Half Results

Rotork Controls revenue increased by 15% to £91m compared with the prior period, with operating profit rising by 24% to £26m. Significant growth was recorded from offices in the UK, Spain, USA, Canada, Malaysia, China and Australia.

Source: Rotork

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PowerComm Inc. to Acquire Unified Valve Ltd.

PowerComm Inc. announced that the company has entered into an agreement to acquire Unified Valve Ltd. of Calgary, Alberta.

Unified Valve services all types of industrial and commercial valves with an emphasis on Pressure Relief Valves.

Source: PowerComm

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Parker Surpasses $12 Billion in Sales and Delivers All-Time Records for Sales, Earnings and Operating

For the 2008 fiscal year, Parker Hannifin Corporation surpassed $12 billion in sales for the first time in its 90 year history. Sales reached a record $12.1 billion, an increase of 13.3% from the previous year, including 4.8% organic growth.

Source: Parker Hannifin

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Tyco International Reports Third Quarter Earnings

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

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Flowserve Reports Record Second Quarter EPS of $2.13, up 92%

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

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