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Last updateMon, 20 May 2019 7pm

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DistributionNOW Reports First Quarter 2019 Results

DistributionNOW announced results for the first quarter ended March 31, 2019. Revenue was $785 million for the first quarter of 2019, up 3% year over year. Net income was $18 million for the first quarter of 2019, versus $2 million a year ago. Non-GAAP net income excluding other costs was $13 million for the first quarter of 2019 compared to $1 million a year ago.


Weir Valves & Controls USA Appoints Nuclear Agent

Weir Valves & Controls USA has appointed AROD Valve Services LLC. as an authorized representative effective immediately. AROD’s owner, Dave Martin, was formerly a regional sales manager for Weir Valves & Controls USA and has many years of experience specifying and selling valves for nuclear applications. Territory coverage will include Arkansas Nuclear One, Grand Gulf, North Anna, Riverbend, Surry and Waterford nuclear plants.

Curtiss-Wright’s Exlar Facility Wins Occupational Safety Award

The Curtiss-Wright facility located in Chanhassen, MN, received the Award of Honor in Occupational Safety as part of the Minnesota Governor’s Safety Awards. The Chanhassen site produces Exlar products and earned the highest award by reporting better than industry average recordable rates and scored at least 91 on a 100-point safety program evaluation scale.

Applicants are judged on several years of injury data as it compares with their industry’s national statistics, and on their progress in implementing a comprehensive safety program. Coordinated by the Minnesota Safety Council, Curtiss-Wright will be honored at the 2018 Minnesota Safety & Health conference on Thursday, May 10, at the Minneapolis Convention Center. Curtiss-Wright is one of 37 employers to be honored with this prestigious award.

Emerson Acquires Life Sciences Analytics Software Firm

Emerson has acquired Bioproduction Group (Bio-G), which makes simulation, modeling, and scheduling software for biomanufacturing. The scheduling software delivers an instantaneous view, accessible across an organization, into the current and future state of the plant, providing decision support to help increase facility uptime and reduce schedule-related product losses. Bio-G’s software will become a part of Emerson’s Plantweb digital ecosystem.

Forum Energy Technologies Names Ivascu SVP

Forum Energy Technologies has promoted John C. Ivascu to senior vice president, general counsel and secretary. James L. McCulloch, general counsel since 2010, has transitioned to serve as chief compliance officer and as an advisor to the chief executive officer.

Ivascu joined Forum in 2011 as assistant general counsel and has held positions with increasing responsibility since that time. He also previously served as an attorney for the U.S. Securities & Exchange Commission, Division of Enforcement.

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