IN FOCUS

Endress+Hauser has stood its ground in the market in an uncertain economic environment. The Swiss Group increased net sales in 2014 by 11.0 percent to 2.013 billion euros and achieved a net income of 192 million euros. The company invested over 126 million euros worldwide and employed 12,435 staff by the end of the year. However, prospects for 2015 are clouded by economic risks and currency movements.

Yokogawa Corporation of America announces that effective April 1, 2015, Daniel L. Duncan has been named President and Chief Executive Officer of Yokogawa’s North American operations. In this position, Mr. Duncan is responsible for all day-to-day operations in North America.

The FSA Award of Merit was recently bestowed upon Charli Matthews, Founder and President of Empowering Pumps, LLC.

A change is taking place in the Supervisory Board of the Endress+Hauser Group. Professor Dr Georg Bretthauer has left the board after 13 years. Dr Hans Jakob Roth will take up his new post on the Supervisory Board in 2016.

Flowserve Corporation reported Adjusted1 Earnings Per Share (EPS) of $0.58 for the 2015 first quarter, which includes $0.06 per share of negative currency translation as compared to last year, and excludes $0.38 per share of adjusted items.

Xylem Inc. reported first quarter 2015 net income of $64 million, or $0.35 per share. Excluding the gain from the sale of businesses, restructuring and realignment charges and other special items, adjusted net income was $60 million or $0.33 per share, a decrease of one cent or three percent from the comparable period in 2014.

Grundfos has recently appointed Mr Hasan Avci to head its Strategy, Commercial Excellence and Marketing functions in the Asia Pacific region. The new appointment reflects the company’s intent to strengthen customer centricity with the support of improved commercial excellence processes.

Flowserve Corporation announced that Karyn F. Ovelmen will join Flowserve as Executive Vice President and Chief Financial Officer, effective June 1, 2015.

The Gorman-Rupp Company reports financial results for the first quarter ended March 31, 2015.

The Board of Directors of Franklin Electric Co. announced that Chairman of the Board, R. Scott Trumbull, will retire from the Board at the conclusion of the 2015 Annual Meeting of Shareholders to be held on Friday May 8, 2015. Upon Mr. Trumbull s retirement, the Board has appointed Mr. Gregg C. Sengstack to serve as Chairman.