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Cameron Valves Orders Up Compared to Last Year

Wednesday, February 4, 2009  
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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…

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