IN FOCUS

LATEST NEWS - Financial News

  • Filtration Market Rankings Change with Two Acquisitions

    13.01.2017 -

    Two significant mergers in the filtration industry have taken place in the last month. Lydall has acquired Gutsche and Parker Hannifin has acquired Clarcor. Lydall s acquisition is relatively small but their increase in market share is large. Parker Hannifin s acquisition is large but their increase in market share is relatively small.

    Read more

    Impact of the Trump Administration on the U.S. Pump Markets

    05.01.2017 -

    The market for industrial pumps in the U.S. is likely to be greater over the next few years with Trump as president than it would have been had Clinton been elected. In the weeks since the election, the stock markets are up and corporations are more optimistic about the near-term business outlook. The longer-term outlook is less certain as is the impact on world markets.

    Read more

    National Oilwell Varco Reports Third Quarter 2016 Results

    14.11.2016 -

    National Oilwell Varco reported a third quarter 2016 net loss of $1.36 billion, or $3.62 per share. Excluding other items, net loss for the quarter was $128 million, or $0.34 per share. Other items totaled $1.09 billion, pretax, consisting of a $972 million goodwill impairment and $116 million of other charges primarily associated with severance, facility closures and write-offs of certain assets.

    Read more

    Pentair Reports Third Quarter 2016 Results

    10.11.2016 -

    Pentair announced third quarter 2016 sales of $1.2 billion. Sales were up 9 percent compared to sales for the same period last year. Excluding currency translation (“FX”) and contribution from acquisitions, core sales declined 2 percent in the third quarter.

    Read more