IN FOCUS

Franklin Electric Co. Inc. announced third quarter financial results for fiscal year 2022.

Pentair plc announced third quarter 2022 sales of $1.06 billion. Sales were up 9 percent compared to sales for the same period last year. Excluding currency translation, acquisitions and divestitures, core sales grew 4 percent in the third quarter.

CEO Frédéric Lalanne stated: “We continue to grow profitably and are well on track to reach or exceed our financial targets for the full year. We still see a solid level of activities with our customers, confirming the good momentum in most of our segments. We also managed to maintain our cost and pricing discipline despite macroeconomic and geopolitical pressures.”

Mats Rahmström, President and CEO of the Atlas Copco Group, comments on the report for Q3:

Armstrong Fluid Technology was honored to recently welcome Annick Goulet, Ambassador of Canada to Romania, the Republic of Bulgaria, and the Republic of Moldova, as well as Mr. Darius Adrian Postelnicu, Mayor of Jimbolia, at the Armstrong facility in Jimbolia, Romania.

A company founded in an equal partnership, a cross-generational team at the top, cultural and professional backgrounds that complement each other: The Busch family has already lived diversity when the concept was at best a buzzword.

Pfeiffer Vacuum Technology AG achieved record preliminary sales results for the first nine months of 2022 ending September 30, 2022, and new all-time-high order intake and order backlog levels.

Atlas Copco has acquired Vector Sp. z o.o., based in Tarnowo Podgórne, Poland. The company specializes in sales, installation, and service of compressed air systems.

The Board of Directors of Sulzer AG has appointed its Chairwoman, Suzanne Thoma, as Executive President of Sulzer. In this role, which will also see her assume operational management of the company, she will replace current CEO Frédéric Lalanne, who has announced that he will resign at the end of October 2022.

For the first time, SMC is featured in Forbes Magazine’s Top 50 Most Innovative Global Companies. Every year, the magazine presents the companies that have a particularly strong culture and ability to innovate.