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Last updateFri, 19 Oct 2018 1pm

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Flowserve Reports Record Third Quarter EPS of $2.04, Up 86%

Flowserve Corp. announced record third quarter performance including earnings per share, sales and bookings. The company announced third quarter fully diluted EPS of $2.04, up 86% (including items of $0.10, net), and operating income of $163.6 million, up 51%, both over the third quarter of 2007.

Source: Flowserve

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Tyco Valve Company Considers Building New $20 Million Facility in Mansfield, MA

Crosby Valves and Controls, a World War II era company based in Wrentham, MA, is intending to expand its pressure valve production and testing facility, and is looking seriously at the now vacant Robert Allen Fabrics building near the Holiday Inn on Cabot Boulevard in the Cabot industrial park.

Crosby, owned by Tyco, creates and tests pressure relief valves that are used in nuclear power production, a growing industry due to the “green” movement.

Source: Mansfield News & Enterprise

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Powercomm Withdraws Takeover Offer for Unified Valve After Due Diligence

PowerComm Inc. said Friday it was cancelling its planned takeover of Unified Valve Ltd. after completing its due diligence.

"Although our strategic plan is for continued growth we must be cognizant of delivering accretive solutions to our shareholders and in the case of Unified Valve Ltd., our companies were unable to agree on revised terms based on the recent economic situation," said Wayne Rutherford, PowerComm's President and CEO.

Source: Canadian Press

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Council to Consider Fisher Proposals

The Marshalltown, IA City Council will consider a couple of requests from Fisher Controls for improvements around the company's property in the downtown area.

Fisher Controls would like to landscape a median area on South Center Street between Boone and Linn streets. This is between their two buildings downtown.

Source: Times-Republican

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