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Financial News

25.03.2019
McIlvaine: Hydraulic Fracturing Presents a Most Profitable Market Opportunity for Pump Manufacturers
The hydraulic fracturing pump market is one of the...The hydraulic fracturing pump market is one of the Most Profitable Markets (MPM) for pump suppliers. It is large and will grow at close to double digit rates in the next few years. The application is extremely challenging. This creates a situation where a better designed pump can be sold at a much higher price. The repair part market is bigger than the new equipment market. So this creates a large combined market.
 

21.03.2019
Andritz Group: Solid Business Development with Record Order Intake
International technology group Andritz saw solid business development overall in the 2018 business year. At over 6.6 billion euros, the order intake reached a historic high, thus creating a good order backlog for 2019. The Executive Board will propose an unchanged dividend – compared to last year – of 1.55 euros per share to the Annual General Meeting. This is equal to an attractive dividend yield of approximately 3.5 percent based on the current Andritz share price.
 

20.03.2019
GEA Presents 2018 Results and Set of Measures to Sustainably Strengthen Profitability
Technology group GEA has announced its definitive figures for fiscal year 2018. In addition, Stefan Klebert, GEA s new CEO, presented his analysis of the status quo and outlined the immediate action the company will take.
 

13.03.2019
Grundfos Gains Further Global Market Share and Delivers High Sales in 2018
In 2018, net turnover in Grundfos increased by DKK 1.1bn to DKK 26.7bn, which is the highest level ever. Measured in local currencies, this equals an organic sales growth of 6.6 percent. Earnings before interest and tax (EBIT) grew by DKK 53m to DKK 2,400m.
 

08.03.2019
Endress+Hauser Group Increases Sales, Earnings and Employment in 2018
Endress+Hauser’s business developed very positivel...Endress+Hauser’s business developed very positively across all regions and industries in 2018. The Group, one of the world’s leading providers of process and laboratory instrumentation, automation solutions and services, reports new highs in net sales, income and employment.
 

07.03.2019
Georg Fischer: Successful Year and Major Strategic Transformation
GF grew again double-digit in 2018 to reach CHF 4,572 million. Free of acquisitions, divestments and currency effects, growth amounted to 7%, well above the 2020 strategy objectives of 3-5% per annum. The main pillar of organic growth has been GF Piping Systems, recording a high 8% organic growth rate for our largest division.
 

07.03.2019
Successful Business Year: Vogelsang Increases Revenue
Vogelsang, a machine construction company based in...Vogelsang, a machine construction company based in Germany, increased its revenue by 6 percent to around 112 million euros in the financial year 2018. Key drivers for this development are the expansion of the Vogelsang subsidiaries in Germany and abroad as well as the growing global production.
 

22.02.2019
Sulzer: Strong Operational Performance and Significant Growth in 2018
In 2018, Sulzer achieved significant growth in orders, sales and profitability. Orders were up by 8.4% organically and by 12.5% including acquisitions. Sales showed an organic increase of 7.8% and of 11.9% including acquisitions.
 

20.02.2019
Gorman-Rupp Reports Fourth Quarter Financial Results and Record Full-Year 2018 Earnings
The Gorman-Rupp Company reports financial results for the fourth quarter and year ended December 31, 2018.
 

13.02.2019
Xylem Reports Strong Revenue, Orders and Earnings Growth in Fourth Quarter 2018
Xylem Inc. reported fourth quarter 2018 net income of $225 million, or $1.24 per share. Excluding the impact of restructuring, realignment and special charges, the Company delivered adjusted net income of $159 million or $0.88 per share in the quarter, a 16-percent increase over the prior year period.
 

13.02.2019
Parker Reports Fiscal 2019 Second Quarter Results
Parker Hannifin Corporation reported results for the fiscal 2019 second quarter ended December 31, 2018. Fiscal 2019 second quarter sales increased 3% to $3.47 billion compared with $3.37 billion in the prior year quarter.
 

11.02.2019
Pentair Reports Fourth Quarter and Full Year 2018 Results
Pentair plc announced fourth quarter 2018 sales of$741 million. 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 fourth quarter.
 

31.01.2019
Amelioration of Product Reliability Remains the Key Focal Point for Mining Pump Manufacturers
Fact.MR’s new report on mining pumps market offers an exhaustive coverage of the market growth and key factors pushing the sustained growth of the global market landscape. Significant upsurge in mining activities across the globe, driven by proactive investments, is likely to be responsible for the unabated rise in demand for mining pumps. Sales surpassed 3.5 million units by 2018-end.
 

23.01.2019
Oil Refining Pump Sales Increasing in Multiphase or Tri-Phase Pumping Application
The global demand for oil refining pumps is expected to surpass 3 million tons by 2019 end, according to a latest Fact.MR report on oil refining pumps market. Rising oil and gas production, and increase in petroleum-based power generation are driving oil refining pumps demand.
 

16.01.2019
Rotary Pumps Market Will Surpass US$ 4.4 Billion in 2018
Fact.MR’s latest study on rotary pumps market projects bullish growth for the market. The study finds a significant rise in adoption of rotary pumps in a wide range of industrial sectors including oil & gas, water & wastewater, mining, and power generation. On account of widening applications, the rotary pumps market is likely to witness 3.3% in 2018 to exceed US$ 4.4 billion.
 

10.01.2019
Power Generation Pumps Market has 80% Concentration of Centrifugal Pumps
The power generation pumps market is likely to witness steady growth, with global demand expected to exceed 4,000,000 units by the end of 2018. The growth of the market is influenced by rising energy demand, especially in the developing regions. Integration of new technologies including sensors to monitor different parameters in the power generation pumps is also on a rise.
 

20.12.2018
Oil & Gas Pump Sales at 9 Million in 2018
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.
 

13.12.2018
Surging Sales in APEJ to Push Reciprocating Pumps Market Revenues to US$ 4 Billion in 2018
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.
 

23.11.2018
Flowserve Corporation Reports Third Quarter 2018 Results
Flowserve Corporation announced its financial results for the third quarter ended September 30, 2018.
 

14.11.2018
HVACR Manufacturers Report Sales Growth
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.