Last updateThu, 22 Aug 2019 5pm

SPX Reports First Quarter 2008 Results

Flow Technology revenues for the first quarter of 2008 were $504.0 million compared to $250.7 million in the first quarter of 2007, an increase of $253.3 million, or 101.0%. The increase was due primarily to the fourth quarter 2007 acquisition of APV, which contributed $227.0 million of revenues during the quarter. Additionally, organic revenue growth was 4.7% in the quarter, driven primarily by strong demand in the power, oil and gas, and sanitary markets.  

Source: SPX

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Rotork Sees Good Levels of Growth for H1, FY

Rotork Plc. said it expects good levels of growth for both the first half and the full year, adding first-quarter order intake rose 25 percent from the same period of last year.  

At the end of March, the engineering group said its order book rose to 125 million pounds, up 28 percent from Dec. 31 2007. 

Source: Forbes 

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Garlock Sealing Technology's Profits Up in First Quarter 2008

EnPro Industries’ sales in the Sealing Products segment improved by about 7%, reaching a record quarterly level of $123.6 million. About 4 percentage points of the improvement were the result of favorable foreign exchange rates. The segment's sales benefited from higher demand for (Garlock Sealing Technology’s) products from power generation and other energy-related markets and from steel and mining markets.

Source: EnPro

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Curtiss-Wright Appoints Glenn Coleman Vice-President

Curtiss-Wright Corporation announced that Kevin McClurg has accepted the position of Vice President of Finance for the corporation's Flow Control operating segment. Succeeding Mr. McClurg as Curtiss-Wright Corporation's Vice President/Corporate Controller is Glenn Coleman.  

Source: Curtiss-Wright 

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Tyco Flow Control Revenue Increased 17%

Tyco International Ltd. reported $0.56 in diluted EPS from continuing operations for the fiscal second quarter of 2008 and diluted EPS from continuing operations before special items of $0.67.

Source: Tyco

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