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Last updateFri, 18 May 2018 4pm

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Crane Co. Reports Fourth Quarter 2017 Results

Crane Co. reports a fourth quarter 2017 GAAP net loss of $0.48 per share, compared to a fourth quarter 2016 GAAP net loss of $1.09 per share. Fourth quarter 2017 sales were $714 million, up 5% compared to 2016. Core sales increased $13 million, or 2%, with $14 million, or 2%, of favorable foreign exchange, and a $5 million, or 1%, net acquisition benefit.

Fourth quarter 2017 operating profit was $91 million compared to an operating loss of $92 million in 2016. Excluding Special Items, fourth quarter 2017 operating profit was $109 million, an increase of 8% compared to 2016. 


Emerson and AspenTech Form Alliance

Emerson and AspenTech have teamed up to deliver asset optimization software solutions along with global automation technologies and operational consulting services. Together, the two companies will provide holistic optimization strategies that rely on real-time data, advanced analytics enabled by machine learning and rich process knowledge.

The alliance will initially focus on three key areas: engineering software, including high-fidelity simulation to help validate project design and train operators before start-up; manufacturing and supply chain software, including advanced process control software designed for highly complex operations; and asset performance management software to improve plant reliability. 

Val-Matic Receives ISO 9001:2015 Certification

Val-Matic has been approved for the ISO 9001:2015 Quality Management System standard. Val-Matic has been ISO registered since 2006. Their Quality Management System scope, as on their ISO 9001:2015 certificate is: Design, Manufacture, and Service of Valves and Related Products for the Water and Waste, Commercial Building Construction, Irrigation and Industrial Markets. 

Optimation Technology Joins VMA

Optimation Technology, Inc. has joined VMA as an associate member effective immediately. This is VMA’s second new member in 2018.

Headquartered in Rochester, NY since 1985, Optimation Technology provides complete engineering, automation, construction and maintenance services, from the conceptual stage, through prototyping, all the way to full production-scale operations.   

New REXA President & CEO Allows Organizational Restructure

Geoff Hynes REXAREXA recently appointed Geoff Hynes as president and CEO. Hynes has spent his entire career with REXA in varying roles, including factory assembly, direct and regional sales, aftermarket manager, international sales manager and director of sales.

Elsewhere at REXA, Robert Sass, previously customer service manager, was appointed director of customer support. Michael Murphy, previously marketing manager, was appointed director of sales and marketing. Nicholas Lalos will replace Murphy as marketing manager. 

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