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Last updateMon, 15 Oct 2018 7pm

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Cameron Second Quarter Earnings Per Share $0.65 vs. $0.54 Last Year

Cameron reported net income of $152.0 million, or $0.65 per diluted share, for the quarter ended June 30, 2008, compared with net income of $123.2 million, or $0.54 per diluted share, for the second quarter of 2007.

Total revenues were $1,480.6 million for the quarter, up 30% from 2007’s $1,139.0 million and income before income taxes was $223.5 million, up 26% from the $176.8 million of a year ago.

Source: Cameron

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Cameron Acquires DynaTorque From Hines Corp.

Cameron acquired the DynaTorque line of products and services from Hines Corporation. The business will now be offered through Cameron’s Flow Control division, part of the Cameron’s Drilling & Production Systems group.

Source: Cameron

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ITT Second Quarter Revenues Up

ITT Corporation reported second quarter revenues for Fluid Technology topped $1 billion for the first time ever, representing year-over-year growth of nearly 17%. Top-line growth in the segment was driven by strong organic revenue growth of 10%, led by robust international sales.

 Source: ITT

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Curtiss-Wright Flow Control Reports Second Quarter Results

Flow Control sales for the second quarter of 2008 were $226.7 million, up 39% over the comparable prior year period due to solid organic growth and the contribution from our 2007 acquisitions. Organic sales growth was 11% in the second quarter of 2008 over the comparable prior year period.

Source: Curtiss-Wright

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Nuclear Valve Contracts Awarded to Velan SAS France

Velan SAS, Velan Inc.'s wholly owned subsidiary located in Lyon, France, has been selected by CNPEC to supply high-pressure forged valves for six nuclear power plants in China. These nuclear power plant projects are located in Hong Yang He, Ning De and Yang Jiang, and the valves are required to be supplied during our 2010 and 2011 fiscal years.

Source: Velan

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