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Hydraulic Institute membership goes global
DIVIDENDS/NEWS
Dividends UÊ / iÊ Gorman-Rupp Co’s board of directors has declared a quarterly cash dividend of US$0.10 per share on the company’s common stock, which is payable on 8 June 2012, to shareholders of record on 15 May 2012. This marks the 249th consecutive quarterly dividend paid by Gorman-Rupp and represents an 11.1% increase over the US$0.09 dividend paid during the previous quarter. “The increased cash dividend returns added value to our shareholders from our continuing strong operating performance and reflects the strength of our cash flow and balance sheet,” said Jeffrey Gorman, president and CEO of Gorman-Rupp. www.gormanrupp.com UÊ Xylem Inc will pay a second quarter dividend of US$0.1012 per share on 20 June 2012 to shareholders of record on 21 May 2012. www.xyleminc.com UÊ / iÊ L>À`Ê vÊ ITT Corp has approved a cash dividend of US$0.091 per share for the second quarter of 2012. The dividend will be paid to shareholders on 1 July 2012. www.itt.com UÊ / iÊ1-fä°£{xÊ«iÀÊà >ÀiÊV>à Ê`Û`i`Ê that Franklin Electric Co Inc will pay on 31 May 2012 is a US$0.01 per share increase on the prior quarterly dividend. www.franklin-electric.com UÊ Gardner Denver Inc’s regular US$0.05 per share quarterly dividend for the first quarter of 2012 will be paid on 1 June 2012. www.gardnerdenver.com UÊ / iÊ SPX Corp board of directors has declared a quarterly dividend of US$0.25 per common share payable on 3 July 2012 to shareholders of record on 14 June 2012. SPX’s pump interests include APV, Bran+Luebbe, ClydeUnion, Johnson Pump, Plenty and Waukesha Cherry-Burrell. www.spx.com UÊ Flowserve Corp’s board has authorised the payment of a quarterly cash dividend of US$0.36 per share on the company’s outstanding shares of common stock. The dividend is payable on 13 July 2012, to shareholders of record on 30 June 2012. www.flowserve.com 12
Pump Industry Analyst
Xylem extends dewatering rental services in Brazil
Best PumpWorks buys American Pump Technology
X
P
ylem has announced plans to expand its dewatering rental offering in Brazil over the next three years. This year Xylem will strengthen its dedicated dewatering rental departments in São Paulo, Minas Gerais and Rio de Janeiro. The company will also launch new dewatering and rental services at additional locations in Brazil in 2013 and 2014. Marcus Moraes, Xylem’s manager for dewatering & rental services in Brazil, said: “Xylem’s new dedicated dewatering rental services in Brazil are designed to cater specifically to the needs of local customers. Each rental fleet will be organised so that it aligns with whatever specific services our local customers require.” Tomas Fernandez, marketing manager for Xylem’s Latin America rental & dewatering services, said they were noticing an increased demand within the construction industry for dewatering services to be supplied as a complete package including the pump and water treatment systems, engineering expertise and project management. “The beauty of the service means that customers don’t have to invest in auxiliary equipment purchases which are needed for just as long as the project requires. The capital expenditure required to purchase, maintain, service and store the equipment isn’t an issue when customers choose the onsite dewatering package,” said Fernandez. The pump rental market is also expanding. “The pump rental option is becoming increasingly popular within the construction industry. Obviously rental is a well-established option for other types of equipment that require significant capital to purchase, however pump rental is relatively new in some markets. The rental option provides flexibility and extensive availability – customers can get access to the right product at short notice, delivered direct to the site. It also means there is no maintenance burden and the product is only costing the company while it is being used which releases capital that can be invested in other areas of the business,” explained Fernandez. Xylem’s rental fleet includes Godwin surfacemounted and Flygt submersible pumps.
ump manufacturer, remanufacturer, distributor and service provider Best PumpWorks has acquired American Pump Technology Inc. Based in Shreveport, Louisiana, American Pump Technology provides repairs, complete rebuilds, hydraulic rerates and metallurgical upgrades on any make, model, or type of centrifugal pump, and for turnkey pump projects throughout the US.
ydraulic Institute (HI) membership eligibility has been broadened to include pump and supplier companies that manufacture wholly outside of North America but sell into the North American market. Up until now, membership of the association was only open to pump and supplier companies that had manufacturing or assembly operations in the US, Canada or Mexico. “The expansion of HI’s membership footprint is a natural response to current conditions in the global marketplace. It is in direct alignment with the Institute’s stated vision to be a global authority on pumps and pumping systems,” explained HI executive director Bob Asdal. “The active involvement of global companies will strengthen and add vitality to HI and the volunteer committees that drive the standards, guidelines, education programs and other initiatives of the Institute. We expect both our current and new international members, as well as the North American pump industry as a whole, to benefit from the change.” International members will be encouraged to participate extensively in HI activities to take advantage of the full range of services, programs and opportunities that membership offers.
For further information, visit www.flygt.com
For further information, visit www.Pumps.org
For further information, visit www.bestpumpworks.com
Hydraulic Institute membership goes global
H
May 2012
Dividends UÊ / iÊ Gorman-Rupp Co’s board of directors has declared a quarterly cash dividend of US$0.10 per share on the company’s common stock, which is payable on 8 June 2012, to shareholders of record on 15 May 2012. This marks the 249th consecutive quarterly dividend paid by Gorman-Rupp and represents an 11.1% increase over the US$0.09 dividend paid during the previous quarter. “The increased cash dividend returns added value to our shareholders from our continuing strong operating performance and reflects the strength of our cash flow and balance sheet,” said Jeffrey Gorman, president and CEO of Gorman-Rupp. www.gormanrupp.com UÊ Xylem Inc will pay a second quarter dividend of US$0.1012 per share on 20 June 2012 to shareholders of record on 21 May 2012. www.xyleminc.com UÊ / iÊ L>À`Ê vÊ ITT Corp has approved a cash dividend of US$0.091 per share for the second quarter of 2012. The dividend will be paid to shareholders on 1 July 2012. www.itt.com UÊ / iÊ1-fä°£{xÊ«iÀÊà >ÀiÊV>à Ê`Û`i`Ê that Franklin Electric Co Inc will pay on 31 May 2012 is a US$0.01 per share increase on the prior quarterly dividend. www.franklin-electric.com UÊ Gardner Denver Inc’s regular US$0.05 per share quarterly dividend for the first quarter of 2012 will be paid on 1 June 2012. www.gardnerdenver.com UÊ / iÊ SPX Corp board of directors has declared a quarterly dividend of US$0.25 per common share payable on 3 July 2012 to shareholders of record on 14 June 2012. SPX’s pump interests include APV, Bran+Luebbe, ClydeUnion, Johnson Pump, Plenty and Waukesha Cherry-Burrell. www.spx.com UÊ Flowserve Corp’s board has authorised the payment of a quarterly cash dividend of US$0.36 per share on the company’s outstanding shares of common stock. The dividend is payable on 13 July 2012, to shareholders of record on 30 June 2012. www.flowserve.com 12
Pump Industry Analyst
Xylem extends dewatering rental services in Brazil
Best PumpWorks buys American Pump Technology
X
P
ylem has announced plans to expand its dewatering rental offering in Brazil over the next three years. This year Xylem will strengthen its dedicated dewatering rental departments in São Paulo, Minas Gerais and Rio de Janeiro. The company will also launch new dewatering and rental services at additional locations in Brazil in 2013 and 2014. Marcus Moraes, Xylem’s manager for dewatering & rental services in Brazil, said: “Xylem’s new dedicated dewatering rental services in Brazil are designed to cater specifically to the needs of local customers. Each rental fleet will be organised so that it aligns with whatever specific services our local customers require.” Tomas Fernandez, marketing manager for Xylem’s Latin America rental & dewatering services, said they were noticing an increased demand within the construction industry for dewatering services to be supplied as a complete package including the pump and water treatment systems, engineering expertise and project management. “The beauty of the service means that customers don’t have to invest in auxiliary equipment purchases which are needed for just as long as the project requires. The capital expenditure required to purchase, maintain, service and store the equipment isn’t an issue when customers choose the onsite dewatering package,” said Fernandez. The pump rental market is also expanding. “The pump rental option is becoming increasingly popular within the construction industry. Obviously rental is a well-established option for other types of equipment that require significant capital to purchase, however pump rental is relatively new in some markets. The rental option provides flexibility and extensive availability – customers can get access to the right product at short notice, delivered direct to the site. It also means there is no maintenance burden and the product is only costing the company while it is being used which releases capital that can be invested in other areas of the business,” explained Fernandez. Xylem’s rental fleet includes Godwin surfacemounted and Flygt submersible pumps.
ump manufacturer, remanufacturer, distributor and service provider Best PumpWorks has acquired American Pump Technology Inc. Based in Shreveport, Louisiana, American Pump Technology provides repairs, complete rebuilds, hydraulic rerates and metallurgical upgrades on any make, model, or type of centrifugal pump, and for turnkey pump projects throughout the US.
ydraulic Institute (HI) membership eligibility has been broadened to include pump and supplier companies that manufacture wholly outside of North America but sell into the North American market. Up until now, membership of the association was only open to pump and supplier companies that had manufacturing or assembly operations in the US, Canada or Mexico. “The expansion of HI’s membership footprint is a natural response to current conditions in the global marketplace. It is in direct alignment with the Institute’s stated vision to be a global authority on pumps and pumping systems,” explained HI executive director Bob Asdal. “The active involvement of global companies will strengthen and add vitality to HI and the volunteer committees that drive the standards, guidelines, education programs and other initiatives of the Institute. We expect both our current and new international members, as well as the North American pump industry as a whole, to benefit from the change.” International members will be encouraged to participate extensively in HI activities to take advantage of the full range of services, programs and opportunities that membership offers.
For further information, visit www.flygt.com
For further information, visit www.Pumps.org
For further information, visit www.bestpumpworks.com
Hydraulic Institute membership goes global
H
May 2012