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Cameron Fourth Quarter Earnings Released

Thursday, February 02, 2012  
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Cameron reported net income of $99.9 million, or $0.40 per diluted share, for the quarter ended December 31, 2011, compared with net income in the prior year’s fourth quarter of $164.6 million, or $0.66 per diluted share.

Orders booked in the fourth quarter of 2011 totaled $1.91 billion, up from $1.71 billion a year ago. Year-over-year orders were higher in all three of the company’s operating segments. Full-year orders totaled $7.83 billion, up 35 percent from 2010, and represented the highest order year in the company’s history.

Each of Valves & Measurement’s businesses saw record annual orders. More...

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