05242017Wed
Last updateWed, 24 May 2017 2pm

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Emerson Reports Second Quarter 2017 Results

Emerson Automation Solutions net and underlying sales decreased 3%. Demand conditions continued to improve within many of our key served markets. Power and life sciences markets continued to demonstrate positive momentum during the quarter and are expected to support growth in the second half of 2017. MRO activity in energy related markets remained favorable, particularly in North America, and should hold up globally as we move further into 2017. Underlying sales in North America were down 2%. MRO order rates continued to strengthen driven by shale and downstream customers. Project activity in combined cycle and natural gas power facilities was favorable in the quarter. 


Total Valve Announces New Distributorship with Curtiss-Wright

Total Valve Systems is the new representative for the Curtiss Wright Valve Group product lines for Oklahoma, Kansas, Western Arkansas and Texas’ Northern Panhandle. These products include Farris Engineering pressure relief valves, Solent and Pratt butterfly valves, and Phonix Group products.

Total Valve Systems is now part of the FAST (Farris Authorized Service Team) Center Network. 

DFT Named 2017 Pennsylvania Company of the Year

DFT has been named the 2017 Pennsylvania Company of the Year by the World Trade Center of Greater Philadelphia. This year marks the organization’s 15th Annual World Trade Centers Day Awards and Celebration, which recognizes the achievements of leading businesses throughout the region and the economic contributions of world trade centers across the globe.

DFT will be presented this award during a celebration, on May 11, 2017, at the National Constitution Center. This award recognizes individuals and companies for both business leadership at the local level and global successes, which have, in turn, strengthened the region’s economy. 

DFT 2017 company of the year

CIRCOR Reports First-Quarter 2017 Financial Results

CIRCOR International delivered first-quarter 2017 results with revenue of $145 million and adjusted earnings per share of $0.32. Orders in the Energy segment were up 45% due to strong demand in the Distributed Valves business and the recent acquisition of Critical Flow Solutions. In the Advanced Flow Solutions segment, CIRCOR reported a 26% organic increase in orders primarily due to strength in the aerospace and defense businesses. CIRCOR expects this increase in order activity to translate into strong revenue growth and margin expansion. 

Emerson Completes Pentair Valves & Controls Acquisition

Emerson has officially completed the purchase of the Valves & Controls business from Pentair plc for $3.15 billion. Headquartered in Schaffhausen, Switzerland, Pentair Valves & Controls has nearly 7,500 employees around the world. The business will be integrated into Emerson Automation Solutions.

“Pentair’s Valves & Controls business fits extremely well with Emerson’s existing portfolio of Fisher control valves and regulators and Bettis actuators,” commented Mike Train, Automation Solutions executive president. “The combination of these two leading businesses will allow us to better support and help customers select the right product and maintain it for the life of the asset.”

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