IN FOCUS

“Better than expected“ was how Chairman of the Board of Management Josef Gerstner summed up the KSB Group’s year-end figures for 2001. While return on sales, at 2.6 percent, was at the same level as a year earlier, the pumps and valves manufacturer increased pre-tax results again from € 28.2 million to € 29.8 million.

— Diversified portfolio and process improvements drive earnings growth

— Defense segment revenues and operating income exceed expectations

— Full-year earnings per share forecast of $3.50 – $3.65

Up 5 Percent from Fourth Quarter of 2001; Cash Flow Improves — DALLAS – April 22, 2002 – Flowserve Corp. (NYSE: FLS) today reported improved financial results for the first quarter ended March 31, 2002, as compared with the prior year period.

QUINCY, Ill., April 24 /PRNewswire-FirstCall/ — Gardner Denver, Inc. (NYSE: GDI), a leading manufacturer of compressors and blowers for industrial applications and pumps for the petroleum and industrial markets, announced that revenues for the three months ended March 31, 2002 were $106.6 million, a 6% increase compared to $100.9 million in the first quarter of 2001.

Wilo Salmson Pumps Ltd has announced the appointment of Stuart Herritty as its new managing director. Benefiting from a wide range of industry experiences spanning over 15 years, Stuart will ensure the company enjoys continued growth through technical innovation and a dedication to high levels of customer care.

Order intake by the core divisions of the Sulzer Corporation for the first quarter 2002 totaled CHF 533 million, matching the exceptionally high level of prior year. Overall, corporate order intake totaled CHF 597 million (–1% compared with 2001, but +4% adjusted for acquisitions, divestitures and currency effects). Sulzer looks to the current year with reserved optimism and expects order intake for 2002 as a whole to exceed that of 2001.

TECUMSEH, Mich., April 17 /PRNewswire-FirstCall/ — Tecumseh Products Company (Nasdaq: TECUA, TECUB) today announced the acquisition of the assets of Manufacturing Data Systems, Inc. (MDSI), including the MDSI name. MDSI will operate as a subsidiary of Tecumseh Products.

BRIDGEPORT, NJ – Godwin Pumps, the largest manufacturer of portable rental pumps with 16 U.S. branch offices and over 100 distributor locations worldwide, recently announced a new Branch Manager and three new members to its sales team in the Atlanta area branch office.

Patterson Pump Company is pleased to announce the merger of Flo-Pak, Inc., of Atlanta, Georgia, with Patterson Pump Company. The merger was announced March 13th by Jeffrey S. Gorman, President and CEO of The Gorman-Rupp Company. Patterson Pump Company is a wholly owned subsidiary of The Gorman-Rupp Company.

PARSIPPANY, NJ – The Hydraulic Institute (HI) announced its 2002 – 2003 Board of Directors and officers during a general session of the annual meeting held recently in Ft. Myers, Florida.