Tyco Flow Control Reports Third Quarter Earnings
Thursday, July 28, 2011
Revenue of $928 million increased 9% in the quarter.
Organic revenue was flat for the quarter with growth of 8% in Valves and 23% in
Thermal Controls offset by a decline of 31% in the Water business. Excluding
the impact of foreign currency, orders increased 12% year-over-year and backlog
increased 4% to $1.75 billion on a quarter sequential basis. More...