Cameron Fourth Quarter Earnings Released
Thursday, February 2, 2012
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
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...