NEWS RELEASE                                   SEPTEMBER 2011

Fluid Treatment Company Profits Soar 53 Percent

Companies involved in fluid treatment and control are increasing sales and earnings at an impressive rate this year.  The average growth in earnings has been 53 percent.  This is the recent finding reported in Fluid Treatment and Control: World Markets.  The following companies are large players with more than half of their revenues generated in the fluid treatment and control business.

2011 Income ($1000s) for Selected Fluid Treatment Companies

Company

2011

Net Income

2010

Net Income

    % 

Increase

Period-

Months

Ending

CECO

        3211

          679

   373

     6

June 30

Clarcor

     54,700

     38,800

     41

     6

May 29

Donaldson

   225,000

   166,000

     36

   12

July 31

Flowserve

   195,720

   172,010

     14

     6

June 30

Lydall

     10,670

       1,612

   562

     6

June 30

Met-Pro

       2,900

       3,000

      -3

     6

July 31

Pall

   218,142

   186,293

     17

     9

April 30

Parker –

Hannifin

1,100,000

   556,400

     98

   12

June 30

Pentair

   195,599

   163,727

     19

     6

July 3

SPX

     59,800

     99,300

    -40

     6

July3

ThermoFisher

   775,000

   469,000

     65

     6

July 3

Tyco

1,333,000

   866,000

     54

     9

June 24

Total

4,173,742

2,722,821

     53

 

 

Only two of the companies did not report healthy increases for 2011 to date compared to 2010. In the case of Met-Pro earnings were flat but the company had a record second quarter for new order bookings. The SPX decline was due to order slowdown for high margin dry cooling systems and not in fluid treatment and control.

Nearly half of the Lydall income was from discontinued operations, but even with that deducted, the gains were impressive. Parker Hannifin profits nearly doubled compared to last year. Thermo Fisher enjoyed a 65 percent increase.  Clarcor net income rose 41 percent. Donaldson was not far behind with a 36 percent gain.

The demand in Asia for pumps, valves, filters and instrumentation is growing rapidly. There is a big market for air pollution control in both new and existing power, steel and chemical plants.  Infrastructure investment is accelerating.  New municipal water and wastewater plants are being constructed in many Asian countries to meet the demands of an increasingly urban population.

Thousands of companies participate in the $381 billion fluid treatment market.  The top company accounts for only one percent of the revenue.

Top Five Treatment & Control Companies

Global Sales (Billion $/Year)

Flowserve

$3,800

GE

$3,700

ITT

$3,250

Ecolab/Nalco

$3,200

Pentair

$2,800

 

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