Cameron Fourth Quarter Earnings $0.69 per Share
Sunday, February 13, 2011
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.
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