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DistributionNOW Reports Second Quarter 2018 Results

DistributionNOW announced results for the second quarter ended June 30, 2018. Revenue was $777 million for the second quarter of 2018, up 19% year over year. Net income was $14 million for the second quarter of 2018, versus a net loss of $17 million a year ago. Non-GAAP net income excluding other costs was $10 million for the second quarter of 2018 compared to a loss of $11 million a year ago. 


Mueller Water Products Reports 2018 Third Quarter Results

Mueller Water Products, Inc. announced that for its fiscal 2018 third quarter ended June 30, 2018 net sales were $250.2 million and net income was $15.3 million. Increased net sales were up 7.8%, or $18.0 million, to $250.2 million as compared with $232.2 million in the prior year quarter. Generated operating income was $30.6 million and adjusted operating income was $47.3 million as compared with $43.0 million and $45.0 million, respectively, in the prior year quarter. 

Rotork Supplying Chinese Refinery

Rotork has received major contracts to supply electric and pneumatic valve actuators and valve gearboxes to Hengli Petrochemical (Dalian) Refinery Co. Ltd. for flow control in its new refinery and petrochemicals complex, one of the largest in China, at Changxing Island in Dalian City.

The latest contract involves approximately 2,000 explosionproof electric actuators to operate gate valves and ball valves in tank farms. 

Weir Valves & Controls USA Hosts MSIV Training

Weir Valves & Controls USA recently hosted a training event on MSIVs (Main Steam Isolation Valves) for Duke Energy key customers and service crews. There was one day of presentations and one day of hands-on training – where attendees took part in disassembling and assembling a valve at the Weir factory in Ipswich, MA.

To date, Weir Valves & Controls USA has an installed base of over 270 Atwood & Morrill MSIVs at 38 nuclear plants worldwide. 

Puffer-Sweiven Joins Valve Repair Council

This week Puffer-Sweiven became the newest member of VMA’s Valve Repair Council (VRC). This is the third new VRC member of 2018.

Puffer-Sweiven helps process-intensive facilities run more efficiently and safely by delivering products, technical support and staff to customers throughout the Central and Gulf Coast regions of Texas.

The VRC was formed in 1989 for all qualified repairers and rebuilders of flow-control equipment who are repairing to OEM specification. 

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