IN FOCUS

HOUSTON–(BUSINESS WIRE)–Feb. 8, 2001–National-Oilwell, Inc. (NYSE:NOI) today reported fourth quarter net income, excluding noncash special charges, of $18.6 million ($0.23 per diluted share), up from $11.9 million ($0.15 per diluted share) in the third quarter of 2000 and up from near breakeven results in the fourth quarter of 1999. Revenues for the fourth quarter of 2000 were $329.4 million, 15% above the third quarter of 2000 and 48% above the fourth quarter of 1999.

DALLAS, Feb. 6 /PRNewswire/ — Flowserve Corp. (NYSE: FLS) today announced

fourth quarter 2000 net income of 50 cents a share, an increase of 117 percent

compared with 23 cents a share in the fourth quarter of 1999, before special

items in both periods.

February 2, 2001, Seneca Falls, NY. Goulds Pumps, ITT Industries announced today that Mike McLaughlin (driver of the Goulds Pumps #48 car) has decided to leave team owners Innovative Motorsports to join Gibbs Racing. A new driver for the Team 48 will be announced soon.

CHARLOTTE, N.C., Feb 1 /PRNewswire/ —

United Dominion Industries Ltd. (NYSE, TSE: UDI) today announced 2000 net income, before non-recurring items, totaled $94.7 million ($2.42 per share) on sales of $2.4 billion. Earnings per share before non-recurring charges were flat year-over-year on a 10% increase in sales. Per share results for the year were calculated on 39.1 million shares outstanding, compared to 39.6 million shares last year.

Goulds Pumps, ITT Industries Calls Congressman Reynolds

A “True Friend to the People Who Make Things in America”

January 25, 2001, Seneca Falls, NY. Congressman Thomas M. Reynolds has been awarded the National Association of Manufacturers (NAM) Award for Manufacturing Legislative Excellence in recognition of his consistent support of American manufacturing and their employees, NAM member Goulds Pumps, ITT Industries¹ Douglas Bingler President Goulds Pumps Water Technologies, announced today.

Wilo-Salmson AG, one of the world’s leading manufacturers of pumps and pump systems, has announced the acquisition of 80 % of shares of the pump segment from LG Cable Ltd, Seoul / Korea. The new cooperative venture Wilo-LG Pumps Ltd. had annual sales of approximately $70 million in the year 2000. With that the turn-over of the Wilo-Salmson Group will increase to more than 1 billion DEM.

ABS has undertaken a re-organisation aimed towards an even stronger focus on customer applications and processes. As from January 1, 2001, ABS was divided into three business divisions Water & Waste Water, Building Services and Industry.

Report on the Financial Year 2000: Sustained economic activity

The positive developments in the economy worldwide continued into the second half of the year and, despite first signs of weakness, provided a predominantly stable economic framework. With one or two exceptions, Western European markets also experienced good overall growth. In Germany, this was driven largely by exports, however. The construction industry continued to show no sign of recovery.

LOUISVILLE, Ky., Jan. 25 /PRNewswire/ — Thomas Industries Inc.

(NYSE: TII) will hold a Webcast to address its fourth quarter and year-end

financial results on Wednesday, January 31, at 11:00 a.m. (EST). Interested

parties may connect to the audio conference at http://www.thomasind.com. A replay will be available on this Web site for 90 days.

WHITE PLAINS, N.Y., Jan. 23 /PRNewswire/ — ITT Industries, Inc.

(NYSE: ITT) today reported full year 2000 net income of $264.5 million and

diluted earnings per share (EPS) of $2.94, up 15 percent and 18 percent

respectively over the full year 1999, excluding a non-recurring item reported

in the fourth quarter of 1999. Full year revenues from ongoing segments rose

5 percent to $4.8 billion. Full year segment operating income for 2000 was

$546.8 million, up $78.6 million or 17 percent from the year earlier, due to

full year segment operating margin growth of 1.2 percentage points to

11.3 percent.