Cameron Valves Orders Up Compared to Last Year
Wednesday, February 4, 2009
Cameron reported
net income of $149.1 million, or $0.67 per diluted share, for the quarter ended
December 31, 2008, compared with net income in the prior year’s fourth quarter
of $125.9 million, or $0.54 per diluted share. The fourth quarter 2008 results
include a non-cash, after-tax charge of $16.5 million, or $0.08 per diluted share,
associated with the previously announced termination of the Company’s U.S.
pension plans.
Orders
booked in 2008’s fourth quarter totaled $1.17 billion, down from the $1.49
billion of a year ago, due to declines in Drilling & Production Systems and
Compression Systems, although Valves & Measurement’s fourth quarter orders
were up from the prior year. More…
|
|
Email to a Friend