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Company watch
Pump Industry Analyst
January I996
Third Quarter Results for Pentair Inc, USA
Third Quarter Results for The Duriron Co Inc, USA Duriron, the Dayton, Ohio-based
‘entair’s third quarter net income up 11 per cent.
KEY FIGURES (US$ million)
pump and valve company,
Three months ended 30.9
reports record net sales for third quarter.
1 1995 j KEY FIGURES (US$ million) Three months ended 30.9 1995 Net Sales
100.0
91.8
6.9
4.6
2.2
2.3
Net Earnings _ Research, Engineering
1994
and Development
Interim Report of A Ahlstrom Corporation, Finland A Ahlstrom Corporation’s
interim results show increased
Vet Sales
j 353.3 1 324.9
Income from Continuing Operations
)
15.3
/
13.6
Vet Income
I
15.3
I
13.8
Third Quarter results for Sundstrand Corporation, USA Sundstrand reports 40 per cent increase in net earnings.
sales and reduced net income.
KEY FIGURES (US$ million) KEY FIGURES (FM million)
Three months ended 30.9
Eight months ended 31.8 -1995 1995
1 7254.5 / 6891.1
Net Sales income before Taxes and Extraordinary
~Isncome
1994
~P~~~
1994
Pump Industry Analyst
January 1996
Third Quarter Results for Goulds Pumps Inc, USA
Third Quarter Results for Imo Industries Inc, USA
Goulds Pumps, the Rochester, NewYork-based pump manufacturer, announces record quarterly sales and orders.
Imo experiences decreased sales in third quarter, but nine months figures show sales and net income increase.
KEY FIGURES (US$ million)
KEY FIGURES (US$ million)
Three months ended 30.9
Three months ended 30.9
Net Sales
1995
1994
191.5
154.8
2.2
2.9
Research and Development Net Earnings
KEY FIGURES (US$ million) Nine months ended 30.9 ~1
Industrial Products
98.1
79.3
Water Technologies
93.4
75.5
191.5
154.8
Total Net Sales
OPERATING
EARNINGS
(US$ million)
Three months ended 30.9 1995
1994
Industrial Products
7.2
4.6
Water Technologies
10.3
10.0
Total Operating
17.5
14.6
Earnings
__._:I Although the net income figure for the third quarter indicated a higher loss than for the same quarter last year, this did not reflect the trend for the nine months to September which showed an increase in net income. The Pumps, Power Transmission & Instrumentation segment showed a 10 per cent increase in operating income for the third quarter. Pump group sales
remained unchanged in the third quarter compared with last year, with favourable gains in the Imo Pump divisions offsetting a decline at Warren Pumps. Warren Pumps’ sales were hit by a reduced level of Navy business. However, bookings for the group were up 28% helped by substantial orders for Navy, oilfield and processing markets. n
I
January 1996
Pump Industry Analyst
Third Quarter Report of United Dominion, USA United Dominion sells its petroleum engineering become a 100 per cent manufacturing
Fourth Quarter Results for Dresser Industries Inc, USA Dresser Industries reports fourth quarter earnings rise of 24
business to
per cent.
company.
KEY FIGURES (US$ million) KEY FIGURES (US$ million)
Three months ended 31 .lO
Quarter ended 30.9
1 1995
1995
1994
1629.6
1416.7
Energy Equipment
777.9
703.5
Operating Profit
170.4
137.6
85.8
84.5
1 1994’ Total Revenues
) 491.5 ) 428.4
Sales
Income from Continuing
Of Which:
Operations
Of Which: Energy Equipment
l
;Net Earnings
Restated I
84.4
,F=
ENERGY EQUIPMENT
SALES BY SEGMENT
REVENUES
(US$ million)
(US$ million)
Three months ended 31 .lO
Quarter ended 30.9
492
Total
/
419
PROFIT BY SEGMENT (US$ million) Quarter ended 30.9
PROFIT (US$ million) /
industrial Products Building Products Total
40.4
1 33.3
13.9
11.7
54.3
45.0
Three months ended 31.10
Compression
___-
and Pumping
Measurement Flow Control Power Systems
>‘: : ,.
3,’
1
74.0
Pump Industry Analyst
January 1996
Interim Report for Hitachi, Japan
Third Quarter Results for General Signal, USA
Hitachi reports half-year sales increase of 9 per cent
KEY FIGURES (U billion)
Third quarter orders 22 per cent ahead of last year.
Six months ended 30.9 1995
1994
3887.1
3739.5
KEY FIGURES (US$ million) Three months ended 30.9
Net Sales
1995
1994
Operating Income
455.5
390.0
Net Income
Earnings before Income Taxes
41.2
41.8
Net Earnings
11.2
27.8
Net Sales
NET SALES BY SECTOR
1 156.2 1 130.7 57.7
SALES BY INDUSTRY
SEGMENT
Information Systems & Electronics
Three months ended 30.9 1994
Process Controls
176.7
150.6
’ Electrical Controls
217.4
163.9
61.4
75.5
Industrial Technology
Continued from page 6.
Ebara Corporation MAIN
PRODUCTS
Engineered
Pumps, Fans and Compres-
sors - Pumping Station Facilities . Advanced Water Management Systems *Waste Water Transfer Systems
’ Pumps . Fans and Blowers . Turbo Compressors * Steam Turbines -Gas Turbines * Water Jet Systems - Artificial Snowmakmg Systems
1994
1422.8
1299.3
~
Consumer Products
1
470.1
1
461.3
j
Materials
1
661.9
1
626.3
1
Services & Other
I
1178.7
I
1073.4
/
Eliminations
1 (1046.4) 1 (947.3)
1
Total
( 3887.1 1 3739.5
/
Nuclear Plants
. Srandard
- Condensate
Pumps and Fans
Refrigeration Equipment - Refrigerating Machines Systems
Liquid Radwaste Filtering Equipment * Condensate Liquid Radwaste Demineralizers - Radioactive Waste Treatment Equipment
Chemicals
- High-Molecular ENVIRONMENTAL
1995
1 1200.0 1 1244.5 (
- Cooling Towers
FLUID MACHINERY & SYSTEMS GROUP
(u billion)
Power & Industrial Systems
Standard Pumps and Fans
* Air-conditioning
49.5
Six months ended 30.9
(US$ million)
1995
I/
ENGINEERING
GROUP Water Treatment Plants * Municipal Water Purification Plants * Sewage Treatment Facilities - Industrial Water Purification Plants . Industrial Waste Water Plants - Night Soil Treatment Facilities - Seawater Desalination Plants
Environmental Plants * Incineration Plants for Municipal Refuse - Incineration Plants for Industrial Waste . Other Plants
Organic Coagulant
. Water Treatment Chemicals - Activated Carbon * Commodity Chemicals - Chemical Feeding Equipment
Others - Other Environment-related PRECISION
Plants and Facilities
MACHINERY
GROUP
- Vacuum Pumps - System Equipment for the Semiconductor Industry
January I996
Third Quarter Results for Pentair Inc, USA
Third Quarter Results for The Duriron Co Inc, USA Duriron, the Dayton, Ohio-based
‘entair’s third quarter net income up 11 per cent.
KEY FIGURES (US$ million)
pump and valve company,
Three months ended 30.9
reports record net sales for third quarter.
1 1995 j KEY FIGURES (US$ million) Three months ended 30.9 1995 Net Sales
100.0
91.8
6.9
4.6
2.2
2.3
Net Earnings _ Research, Engineering
1994
and Development
Interim Report of A Ahlstrom Corporation, Finland A Ahlstrom Corporation’s
interim results show increased
Vet Sales
j 353.3 1 324.9
Income from Continuing Operations
)
15.3
/
13.6
Vet Income
I
15.3
I
13.8
Third Quarter results for Sundstrand Corporation, USA Sundstrand reports 40 per cent increase in net earnings.
sales and reduced net income.
KEY FIGURES (US$ million) KEY FIGURES (FM million)
Three months ended 30.9
Eight months ended 31.8 -1995 1995
1 7254.5 / 6891.1
Net Sales income before Taxes and Extraordinary
~Isncome
1994
~P~~~
1994
Pump Industry Analyst
January 1996
Third Quarter Results for Goulds Pumps Inc, USA
Third Quarter Results for Imo Industries Inc, USA
Goulds Pumps, the Rochester, NewYork-based pump manufacturer, announces record quarterly sales and orders.
Imo experiences decreased sales in third quarter, but nine months figures show sales and net income increase.
KEY FIGURES (US$ million)
KEY FIGURES (US$ million)
Three months ended 30.9
Three months ended 30.9
Net Sales
1995
1994
191.5
154.8
2.2
2.9
Research and Development Net Earnings
KEY FIGURES (US$ million) Nine months ended 30.9 ~1
Industrial Products
98.1
79.3
Water Technologies
93.4
75.5
191.5
154.8
Total Net Sales
OPERATING
EARNINGS
(US$ million)
Three months ended 30.9 1995
1994
Industrial Products
7.2
4.6
Water Technologies
10.3
10.0
Total Operating
17.5
14.6
Earnings
__._:I Although the net income figure for the third quarter indicated a higher loss than for the same quarter last year, this did not reflect the trend for the nine months to September which showed an increase in net income. The Pumps, Power Transmission & Instrumentation segment showed a 10 per cent increase in operating income for the third quarter. Pump group sales
remained unchanged in the third quarter compared with last year, with favourable gains in the Imo Pump divisions offsetting a decline at Warren Pumps. Warren Pumps’ sales were hit by a reduced level of Navy business. However, bookings for the group were up 28% helped by substantial orders for Navy, oilfield and processing markets. n
I
January 1996
Pump Industry Analyst
Third Quarter Report of United Dominion, USA United Dominion sells its petroleum engineering become a 100 per cent manufacturing
Fourth Quarter Results for Dresser Industries Inc, USA Dresser Industries reports fourth quarter earnings rise of 24
business to
per cent.
company.
KEY FIGURES (US$ million) KEY FIGURES (US$ million)
Three months ended 31 .lO
Quarter ended 30.9
1 1995
1995
1994
1629.6
1416.7
Energy Equipment
777.9
703.5
Operating Profit
170.4
137.6
85.8
84.5
1 1994’ Total Revenues
) 491.5 ) 428.4
Sales
Income from Continuing
Of Which:
Operations
Of Which: Energy Equipment
l
;Net Earnings
Restated I
84.4
,F=
ENERGY EQUIPMENT
SALES BY SEGMENT
REVENUES
(US$ million)
(US$ million)
Three months ended 31 .lO
Quarter ended 30.9
492
Total
/
419
PROFIT BY SEGMENT (US$ million) Quarter ended 30.9
PROFIT (US$ million) /
industrial Products Building Products Total
40.4
1 33.3
13.9
11.7
54.3
45.0
Three months ended 31.10
Compression
___-
and Pumping
Measurement Flow Control Power Systems
>‘: : ,.
3,’
1
74.0
Pump Industry Analyst
January 1996
Interim Report for Hitachi, Japan
Third Quarter Results for General Signal, USA
Hitachi reports half-year sales increase of 9 per cent
KEY FIGURES (U billion)
Third quarter orders 22 per cent ahead of last year.
Six months ended 30.9 1995
1994
3887.1
3739.5
KEY FIGURES (US$ million) Three months ended 30.9
Net Sales
1995
1994
Operating Income
455.5
390.0
Net Income
Earnings before Income Taxes
41.2
41.8
Net Earnings
11.2
27.8
Net Sales
NET SALES BY SECTOR
1 156.2 1 130.7 57.7
SALES BY INDUSTRY
SEGMENT
Information Systems & Electronics
Three months ended 30.9 1994
Process Controls
176.7
150.6
’ Electrical Controls
217.4
163.9
61.4
75.5
Industrial Technology
Continued from page 6.
Ebara Corporation MAIN
PRODUCTS
Engineered
Pumps, Fans and Compres-
sors - Pumping Station Facilities . Advanced Water Management Systems *Waste Water Transfer Systems
’ Pumps . Fans and Blowers . Turbo Compressors * Steam Turbines -Gas Turbines * Water Jet Systems - Artificial Snowmakmg Systems
1994
1422.8
1299.3
~
Consumer Products
1
470.1
1
461.3
j
Materials
1
661.9
1
626.3
1
Services & Other
I
1178.7
I
1073.4
/
Eliminations
1 (1046.4) 1 (947.3)
1
Total
( 3887.1 1 3739.5
/
Nuclear Plants
. Srandard
- Condensate
Pumps and Fans
Refrigeration Equipment - Refrigerating Machines Systems
Liquid Radwaste Filtering Equipment * Condensate Liquid Radwaste Demineralizers - Radioactive Waste Treatment Equipment
Chemicals
- High-Molecular ENVIRONMENTAL
1995
1 1200.0 1 1244.5 (
- Cooling Towers
FLUID MACHINERY & SYSTEMS GROUP
(u billion)
Power & Industrial Systems
Standard Pumps and Fans
* Air-conditioning
49.5
Six months ended 30.9
(US$ million)
1995
I/
ENGINEERING
GROUP Water Treatment Plants * Municipal Water Purification Plants * Sewage Treatment Facilities - Industrial Water Purification Plants . Industrial Waste Water Plants - Night Soil Treatment Facilities - Seawater Desalination Plants
Environmental Plants * Incineration Plants for Municipal Refuse - Incineration Plants for Industrial Waste . Other Plants
Organic Coagulant
. Water Treatment Chemicals - Activated Carbon * Commodity Chemicals - Chemical Feeding Equipment
Others - Other Environment-related PRECISION
Plants and Facilities
MACHINERY
GROUP
- Vacuum Pumps - System Equipment for the Semiconductor Industry