IN FOCUS

Flowserve Corp. announced financial results for 2003 and restated results for 2002 through 2000 and for the nine months ended Sept. 30, 2003.

In compliance with the federal law on stock exchanges and stock brokering (Bundesgesetz über die Börsen und den Effektenhandel), Sulzer was informed by BriTel Fund Trustees Limited, The Trustees of BT Pension Scheme …

National-Oilwell, Inc. announced results for the first quarter of 2004, reporting net income of $11.0 million, or $0.13 per diluted share, compared to fourth quarter 2003 net income of $19.5 million, or $0.23 per diluted share. Revenues were $496 million for the period compared to fourth quarter revenues of $530 million.

Baker Hughes Incorporated held its annual stockholders meeting in Houston, Texas. At the meeting, stockholders reelected Edward P. Djerejian, H. John Riley and Charles L. Watson to the Board of Directors each for a term of three-years expiring in 2007.

Shareholders of diversified industrial manufacturer Eaton Corporation re-elected three directors to new three-year terms at the company’s annual meeting.

At today’s 90th annual general meeting of Sulzer Ltd, all board proposals were approved by the shareholders, including a dividend of CHF 6 per share (as in the prior year).

IDEX Corporation announced its financial results for the three months ended March 31, 2004. Orders increased 15 percent, sales were up 10 percent, and net income rose 39 percent from the first quarter of 2003. Diluted earnings per share were 52 cents versus 39 cents in the year-ago period.

Baker Hughes Incorporated announced that, in accordance with generally accepted accounting principles (GAAP), income from continuing operations for the first quarter of 2004 was $95.3 million or $0.29 per share (diluted), …

Pentair announced that its first quarter 2004 earnings per share (EPS) of $0.80 increased 43 percent over EPS of $0.56 in the same period last year. Pentair’s first quarter 2004 net sales totaled $767.1 million, up 20 percent from $637.5 million in the same period a year ago.

Diversified industrial manufacturer Eaton Corporation announced today it has signed an agreement with Invensys PLC to purchase its power systems business, Powerware Corporation, for $560 million.