IN FOCUS

National Oilwell Varco reported that for its second quarter ended June 30, 2014, it earned net income of $619 million, or $1.44 per fully diluted share, compared to first quarter ended March 31, 2014 net income of $589 million, or $1.37 per fully diluted share.

China will be the leading purchaser of water and wastewater treatment chemicals in 2015. Purchases will exceed $5.7 billion according to the latest forecast in McIlvaine Water and Wastewater Treatment Chemicals World Market. Corrosion inhibitor purchases alone will exceed $1.4 billion.

Crane Co. reported second quarter 2014 earnings of $1.00 per diluted share, compared to $0.93 per share in the second quarter of 2013. Second quarter 2014 results included Special Items of $9.3 million in after-tax charges, or $0.15 per share.

The Gorman-Rupp Company reports financial results for the second quarter ended June 30, 2014.

Franklin Electric Co. reported second quarter 2014 adjusted earnings per share (EPS) of $0.60 compared to 2013 second quarter adjusted EPS of $0.59, a 2 percent increase. In the second quarter of 2014, the Company’s GAAP fully diluted EPS was $0.55 which was down 5 percent to the GAAP fully diluted EPS from the second quarter of 2013.

The picture changes day by day in the oil and gas industry. Some recent developments promise to alter many of the forecasts. These new developments have been incorporated into the latest forecasts in McIlvaine Oil, Gas, Shale and Refining Markets and Projects.

Flowserve Corporation announced its financial results for the 2014 second quarter. In addition, Flowserve also today filed its Form 10-Q with the Securities and Exchange Commission for the period ended June 30, 2014.

ABB reported strong order growth, stable revenues and a significant increase in cash from operations for the second quarter of 2014. The lower operational EBITDA margin mainly reflects ongoing project-related challenges in the Power Systems (PS) division.

Order intake decreased by 3.7% on an adjusted basis. Adjusted sales increased by 1.2% and profitability for the divisions increased too. Sulzer confirms its guidance for the full year on an adjusted basis and anticipates a stronger second half of 2014.

Sales of macrofiltration equipment and consumables will reach nearly $6.6 billion in 2015. The granular media segment will generate revenues of $1.7 billion or 26 percent of the total, this is the conclusion reached by the McIlvaine Company in Liquid Filtration and Media World Markets.