Tyco Flow Control Reports Second Quarter Earnings
Thursday, April 28, 2011
Tyco Flow Control's revenue of $804 million declined 2% in the quarter with an
organic revenue decline of 5%. Organic revenue growth of 1% in Valves and 5% in
Thermal Controls was more than offset by an organic revenue decline of 31% in
the Water business. Excluding the impact of foreign currency, orders increased
8% year-over-year and backlog increased 5% to $1.65 billion on a quarter
sequential basis. More…
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