IN FOCUS

DALLAS, July 24 /PRNewswire/ — Flowserve Corp. (NYSE: FLS) today announced net income of 35 cents a share, excluding integration expenses, for the second quarter of 2001. This compares with reported net income of 33 cents a share and a pro forma net loss of 2 cents a share in the second quarter of 2000. Pro forma results give effect as if the company’s August 2000 acquisition of Ingersoll-Dresser Pump Co. (IDP) had been completed on Jan. 1, 2000, and include purchase accounting adjustments.

Earnings Expected to Improve in Next Two Quarters

ITT Flygt has received a record order for 195 mixers for the new wastewater treatment plant in the city of Shaoxing, on China’s east coast, about 250 km south of Shanghai.

CLEVELAND–(BUSINESS WIRE)–July 9, 2001–Diversified industrial manufacturer Eaton Corporation (NYSE:ETN) today said it will be hosting a conference call on Monday, July 16, 2001, beginning at 10 a.m. EDT. The purpose of the call is to discuss second quarter, 2001, earnings results with security analysts and institutional investors.

Pumps and valves manufacturer KSB closed the year 2000 with a successful set of figures. The Group achieved a pretax result of DM 55.1 million. As reported on 28 June at the company’s General Meeting in Frankenthal, Germany’s KSB AG and the Group companies in the Americas and Asia accounted for a major share of the improvement in results, which were up by around 38 percent on the previous year.

MINNETONKA, Minn., June 21, 2001 — Richard “Dick” Elliott joins Osmonics Household Water Group as vice president and general manager. Having previously served as president of four manufacturing companies, including EcoWater Systems, Inc., Elliott brings extensive knowledge of the water treatment industry and proven general management experience to Osmonics.

Grand Rapids, MI- Carmine Bosco has been named President of Blackmer, A Dover Resources Company, effective the beginning of June 2001.

Sundyne announces that effective immediately Doug Twyford has been named Vice President of Global Marketing and Sales responsible for Sundyne’s marketing and sales operations and strategies to respond to changing market and competitive conditions worldwide. Doug succeeds Bob Linden who is leaving the company to pursue other interests.

Sunydyne announces that Daryl Lamy, Unit Production Manager, has been promoted to the position of Sundyne Pumps Business Manager effective June 1, 2001 reporting to Jeff Wiemelt, Vice President Product Management.

QUINCY, Ill., June 14 /PRNewswire/ — Gardner Denver, Inc. (NYSE: GDI) announced today that it has received a substantial order for drilling pumps from Helmerich & Payne International Drilling Co., a subsidiary of Helmerich & Payne, Inc. (NYSE: HP). The amount of the order is in excess of $12 million and requires deliveries throughout the remainder of 2001 and mid-2002.