08102020Mon
Last updateMon, 10 Aug 2020 6pm

Emerson Reports Second Quarter 2020 Results

Emerson Automation Solutions net sales decreased 10%, with underlying sales down 8% excluding unfavorable currency of 2% and no impact from acquisitions. In the Americas, underlying sales were down 11%, with the United States down 12% reflecting a broad-based drop in demand. Europe underlying sales were down 3%, while Asia, Middle East & Africa underlying sales dropped 6%, driven by sharp declines in China of over 20%.


MRC Global Announces First Quarter 2020 Results

MRC Global sales were $794 million for the first quarter of 2020, which was 4% higher than the fourth quarter of 2019 and 18% lower than the first quarter of 2019. The sequential increase was driven primarily by the U.S. gas utilities sector, which was up $21 million. As compared to the first quarter of 2019, the decrease was across all sectors and segments as the impact of lower commodity prices led to reduced customer spending.

Flotech Moves Valve & Automation Shops to New Facility

Flotech Building EastportFlotech, Inc. recently moved to a 175,000 sq. ft. building in Jacksonville, FL to accommodate its growing service, automation and sales activities. Flotech has locations in Florida, Alabama and South Carolina.

The new facility consolidates Flotech's machine shops, automation center, training facility, industrial and municipal valve distribution, sales, and service teams under one roof. Valve services include testing, certifying, repairing, automating, and modifying manual valves, safety relief valves and process control valves.  

Badger Alloys Names Flahive Operations Manager

Badger Alloys, Inc. recently announced that Richard Flahive has joined the company as operations manager.

Flahive brings to Badger Alloys 33 years’ experience managing foundries in both ferrous and nonferrous foundries, serving most recently as VP of manufacturing for an iron castings company. His experience includes engineering, metallurgy and a variety of sand systems and processes.

Emerson Selected for Seismic Interpretation Application

Emerson has signed a multi-year agreement with YPF S.A., a major Argentinian energy company, for Emerson’s exploration and production (E&P) software for seismic data interpretation and visualization. Emerson replaces other interpretation solutions at YPF and becomes its corporate interpretation software standard. The agreement also gives YPF access to Emerson software for processing and imaging, modeling and petrophysics.

YPF produces almost 50% of the oil and 30% of the natural gas in Argentina. Production comes from more than 100 areas in Argentina’s five producing basins: Austral, Golfo San Jorge, Neuquina, Cuyana and Noroeste. 

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