IN FOCUS

ITT Industries’ Pumps & Complementary Products segment reported third quarter revenues of $420.5 million, down 2 percent from the third quarter 2000. Continued strong growth in the water and wastewater businesses was offset by ongoing weakness in the industrial pump market, particularly pulp and paper, and chemicals, as well as a slowdown in construction markets and the negative impact of foreign currency exchange.

NORTHBROOK, Ill., Oct. 16 /PRNewswire/ — IDEX Corporation (NYSE: IEX),

today reported higher sales and lower earnings for the third quarter and nine

months ended September 30, 2001, compared with the same periods last year.

L.R. Nelson Corporation and Peaktop Investment Holdings announce partnership, focusing on consumer demand for home and garden decorative products

ST. PAUL, Minn., Oct. 18 /PRNewswire/ — Pentair (NYSE: PNR) announced today that Michael V. Schrock, 48, formerly president of Pentair Water Technologies — Americas, has been named president and chief operating officer of the company’s Enclosures segment effective immediately. Schrock succeeds George M. Danko, who is leaving the company to pursue other business interests.

DALLAS, Oct. 22 /PRNewswire/ — Flowserve Corp. (NYSE: FLS) today announced net income of 38 cents a share, excluding special items, for the third quarter of 2001. This compares with a prior year pro forma net loss of 10 cents a share, and is more than double reported net income of 18 cents a share in the third quarter of 2000, calculated on the same basis.

CLEVELAND–(BUSINESS WIRE)–Oct. 15, 2001–Diversified industrial

manufacturer Eaton Corporation (NYSE:ETN) today announced operating

earnings per share of 66 cents for the third quarter of 2001, 38

percent below comparable results one year earlier. Sales in the

quarter were $1.75 billion, 13 percent below last year. Net income

before unusual items was $47 million versus last year’s $77 million.

Wilo Salmson Pumps Ltd is pleased to announce the appointment of John King as UK Sales Manager, within the industrial and commercial sectors.

WHITE PLAINS, N.Y., Oct. 9 /PRNewswire/ — ITT Industries, Inc.’s

(NYSE: ITT) Board of Directors today declared a $0.15 per share dividend for the fourth quarter of 2001. The dividend is payable on January 1, 2002 to shareholders of record on November 30, 2001.

With staff reductions and the closure of some regional offices Cardo Pump, one of Europe’s leading manufacturers of pumps, mixers and aerators for water and wastewater applications, industry, and the building services sector – well-known under its brand names ABS, Pumpex and Lorentzen & Wettre – plans to adapt to the market situation.

NEW YORK, Sep 27, 2001 /PRNewswire/ — Dover Corporation (NYSE: DOV) expects earnings per share in the third fiscal quarter ending September 30, 2001 to be in the range of $.15 to $.18 (before anticipated inventory reserve items discussed below). Dover reported comparable earnings of $.25 per share in the second quarter 2001, and earnings of $.67 per share in the third quarter last year.