Cameron Third Quarter Earnings Released
Thursday, October 27, 2011
Cameron reported net income of $164.5 million, or $0.67 per
diluted share, for the quarter ended September 30, 2011, compared with net
income of $148.7 million, or $0.61 per diluted share, for the third quarter of 2010.
Cameron chairman and CEO Jack B. Moore said that the
year-over-year revenue increase was due to gains in the Drilling &
Production Systems (DPS) and Valves & Measurement (V&M) segments. He
noted that EBITDA margins were up for the Company sequentially. Both the DPS
and V&M segments drove these margin improvements. More...
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