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Cameron Fourth Quarter Earnings $0.69 per Share

Sunday, February 13, 2011  
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Cameron reported net income of $164.6 million, or $0.66 per diluted share, for the quarter ended December 31, 2010, compared with net income in the prior year’s fourth quarter of $97.3 million, or $0.41 per diluted share.

Orders in the Drilling & Production Systems (DPS) group were helped by sizable subsea project awards in the fourth quarter, the strength in the Valves & Measurement (V&M) and Process & Compression Systems (PCS) businesses were significant contributors to the increase over prior-year levels. V&M posted a record level of orders in 2010, and the PCS group recorded its first billion-dollar orders year. More…

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