IN FOCUS

The Management Board of Pfeiffer Vacuum Technology AG announced updated mid-term goals of the Company, replacing previously announced goals.

In the 2020 financial year (ending September 30, 2020) the Voith Group performed reasonably well given the significant adverse impacts of the global COVID-19 pandemic across all segments and markets in the second half of the year.

Flowserve Corporation, a provider of flow control products and services for the global infrastructure markets, announced its financial results for the third quarter ended September 30, 2020.

KSB, the Germany-based manufacturer of pumps and valves, has continued to feel the effects of the coronavirus pandemic in the 2020 financial year when compared with the previous year but reported a rising trend of sales revenue and earnings in the third quarter.

Parker Hannifin Corporation reported results for the fiscal 2021 first quarter ended September 30, 2020. Fiscal 2021 first quarter sales were $3.23 billion, compared with $3.33 billion in the prior year quarter. Net income was $321.4 million, compared with $338.9 million in the first quarter of fiscal 2020.

In a difficult economic environment in which the COVID-19 pandemic continued to weigh on GEA’s order intake and revenue, the positive effects of the measures introduced last year to improve efficiency are becoming increasingly noticeable. In the third quarter of 2020, for example, the Group further increased EBITDA before restructuring measures, improved free cash flow, continued to reduce net working capital and converted the net debt at the prior-year reporting date into net liquidity.

CEO Greg Poux-Guillaume stated: “Our orders in the first nine months of 2020 declined by 2% as the global economy absorbed the full effect of the country lockdowns. Our aftermarket activities proved again resilient despite customer access restrictions which impacted our performance in Q3.”

Xylem Inc. reported third quarter 2020 net income of $37 million, or $0.20 per share. Excluding the impact of restructuring, realignment and special charges, the Company delivered adjusted net income of $114 million or 0.62 per share in the quarter.

Pfeiffer Vacuum Technology AG,a leading manufacturer of vacuum solutions, reports consolidated financial results for the third quarter and nine months period ending September 30, 2020.

The Gorman-Rupp Company reports financial results for the third quarter and nine months ended September 30, 2020.