IN FOCUS

Revenues Grow 10% and EPS Increases 37% From Prior Year Quarter

TECUMSEH, Mich., July 25 /PRNewswire/ — Tecumseh Products Company (Nasdaq: TECUA, TECUB) announced today its 2001 second quarter consolidated results as summarized in the following Consolidated Condensed Statements of Income.

ST. PAUL, Minn., July 20 /PRNewswire/ — Pentair, Inc. (NYSE: PNR) announced today that increased cost controls and other operating efficiencies enabled the company to deliver second quarter 2001 earnings per share (EPS) of $0.58, in line with analysts’ estimates and 38 percent above first quarter 2001 EPS of $0.42. Pentair’s free cash flow for the second quarter totaled $106.4 million, bringing total free cash flow for the first half of 2001 to $53.4 million, a nearly $100 million improvement from the first six months last year and representing 109 percent conversion of year-to-date 2001 net income.

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.

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.

BRIDGEPORT, NEW JERSEY – Godwin Pumps of America, Inc. (GPA), the largest manufacturer and rental supplier of portable pumping systems in North and South America, has announced its acquisition of Godwin Pumps Limited (GPL), Quenington, England. The combined companies will have sales in excess of $100 million.