IN FOCUS

The pharmaceutical industry demands for UPW for injection (WFI) and UPW for cleaning process equipment and other uses will result in purchases close to $550 million in 2019 up from $480 million in 2015. This is the latest forecast in the continually updated Ultrapure Water: World Markets published by the McIlvaine Company.

The Danaher acquisition of Pall, the acquisition of Howden by Colfax, and the Nalco acquisition by Ecolab are all product expansions in the air/gas/water/fluid treatment and control market. This was a $323 billion market in 2012 and is now well above $350 billion. This market is continually analyzed in McIlvaine’s Air/Gas/Water/Fluid Treatment and Control: World Market. Despite the acquisitions none of the companies commands a significant share of the total market.

Endress+Hauser has stood its ground in the market in an uncertain economic environment. The Swiss Group increased net sales in 2014 by 11.0 percent to 2.013 billion euros and achieved a net income of 192 million euros. The company invested over 126 million euros worldwide and employed 12,435 staff by the end of the year. However, prospects for 2015 are clouded by economic risks and currency movements.

Flowserve Corporation reported Adjusted1 Earnings Per Share (EPS) of $0.58 for the 2015 first quarter, which includes $0.06 per share of negative currency translation as compared to last year, and excludes $0.38 per share of adjusted items.

Xylem Inc. reported first quarter 2015 net income of $64 million, or $0.35 per share. Excluding the gain from the sale of businesses, restructuring and realignment charges and other special items, adjusted net income was $60 million or $0.33 per share, a decrease of one cent or three percent from the comparable period in 2014.

The Gorman-Rupp Company reports financial results for the first quarter ended March 31, 2015.

Baker Hughes Incorporated announced results for the first quarter of 2015.

Pentair announced first quarter 2015 sales of $1.5 billion. Sales were down 10 percent compared to sales for the same period last year. First quarter 2015 earnings per diluted share from continuing operations (“EPS”) were $0.65, down 8 percent from adjusted EPS of $0.71 in the first quarter of last year. Adjusted EPS, adjusted operating income, and segment income exclude redomicile-related expenses and restructuring costs.

In the first quarter of 2015, Sulzer received orders of CHF 800.5 million, which is a nominal decrease of 3.4%. Currency-adjusted order intake decreased by 0.6% compared with the first quarter of 2014.

The industrial valve market in Asia will grow by $5 billion to reach more than $30 billion by 2019. The control valve market will grow by 21 percent and the on/off segment by 20 percent.