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Cameron Third Quarter Earnings per Share $0.56

Wednesday, November 4, 2009  
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Cameron reported net income of $124.9 million, or $0.56 per diluted share, for the quarter ended September 30, 2009, compared with net income of $163.0 million, or $0.71 per diluted share, for the third quarter of 2008. The third quarter 2009 results include a pretax charge of $5.9 million, or $0.02 per share, for severance-related costs.

Orders in Valves & Measurement and Compression Systems reached their highest quarterly totals to date during 2009; as a result, Cameron's total orders exceeded revenues during the quarter for the first time since the third quarter of 2008, driving an increase in the company's total backlog. More…

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