IN FOCUS

The oil & gas pumps market is likely to witness sluggish growth, with global demand surpassing 9,000,000 units by the end of 2018, according to a latest report by Fact.MR. Rising demand for oil and gas is resulting in the growing demand for equipment such as oil & gas pumps. End-users in oil and gas industries are demanding efficient oil & gas pumps to ensure smooth operation and meet stringent emission standards.

Reciprocating pumps market is projected to witness a significant growth, according to a latest report by Fact.MR . The market growth is being influenced by rising demand for oil and gas worldwide, especially in the petrochemical industry. The growing oil and gas demand is creating substantial opportunities for a range of industrial goods, including reciprocating pumps.

Flowserve Corporation announced its financial results for the third quarter ended September 30, 2018.

HVACR manufacturers reported positive 2018 sales growth according to the latest AHR Expo and ASHRAE Journal Annual Economic Outlook Survey. Last year’s confidence in the industry’s economic outlook is forecasted to carry into 2019, with 87% of respondents anticipating positive business prospects heading into the new fiscal year.

Xylem Inc. reported third quarter 2018 net income of $130 million, or $0.72 per share. Excluding the impact of restructuring, realignment and other special items, the Company delivered adjusted net income of $139 million or $0.77 per share in the quarter, an 18-percent increase over the prior year period.

Franklin Electric Co., Inc. reported third quarter 2018 GAAP fully diluted earnings per share (EPS) of $0.63, versus a GAAP fully diluted EPS in the third quarter 2017 of $0.52.

Pentair announced third quarter 2018 sales of $711million. Sales were up 3 percent compared to sales for the same period last year. Excluding currency translation, acquisitions and divestitures, core sales grew 6 percent in the third quarter.

The Gorman-Rupp Company reports financial results for the third quarter and nine months ended September 30, 2018.

Order intake in the first nine months of 2018 grew across all divisions, reaching CHF 2’676 million compared to CHF 2’385 million in the same period a year ago. Organic growth amounted to 7.2 percent, up from 6.5 percent reported in the first half of the year. In the third quarter, Sulzer achieved an order intake of CHF 874 million – an organic increase of 8.7 percent year on year.

According to preliminary figures, the positive trend compared with the same period last year in order intake (approx. EUR 1,180 million, plus 12 percent), revenue (approx. EUR 1,180 million, plus 4 percent) and operating EBITDA (approx. EUR 135 million; plus 12 percent) has persisted throughout the third quarter of 2018. However, earnings development, in particular in the customer industry Dairy Processing, falls short of the company s own expectations.