Management estimates year-end 2011 sales to be approximately $202 million, an increase of approximately 34% over 2010 sales. Earnings per share for 2011 are estimated to be $1.49 to $1.51, compared to $0.84 in 2010.
Industry News
Eaton announces Q3 profits are up 37% over 2010
Eaton Corp. announced record net income per share of $1.07 for the third quarter of 2011, an increase of 37% over the $0.78 earned in the third quarter of 2010. Sales in the third quarter were $4.12 billion, 15% above the third quarter of 2010. Net income in Q3 was $365 million compared to $268 million in 2010.
New approaches to noise control from the CCEFP
Besides negatively affecting hearing and impairing effective communication, excessive noise can increase mechanical fatigue and reduce component life. In short, excessive noise detracts from the attractiveness of existing fluid power products and can be an entry barrier for this technology into new markets and applications.
Trelleborg’s iPhone App surpasses 100,000 downloads
Trelleborg’s (TREL-B) iPhone App, “Unit and Hardness Converter,” has surpassed 100,000 downloads, just more than five months after its release.
Best Practices for Mobile Hydraulic Design webinar: October 13th
With ever-rising fuel prices, designing efficient hydraulic systems can pay big dividends for users of mobile hydraulic vehicles. Join Design World as we take an in-depth look at three critical areas of mobile hydraulic system design: filtration, sensors and sealing. Our expert panel will be presenting critical design tips and answering your questions.
Hydraulex Global names Ken Best as VP Sales and Marketing
After a year of ownership by Stonebridge Partners, Hydraulex Global will add Ken Best to its senior leadership team to enhance its ability to serve the hydraulics remanufacturing, repair and distribution markets.
Daman’s unconventional quality assurance program
The footprint of Daman Products Co.’s quality system stretches from the production floor and distributor services to purchasing, maintenance and information technology. Even HR and administrative service areas bear responsibility for ensuring quality—of the company’s products, as well as the way the company provides value-added service to its customers.
NFPA releases June shipments/orders for fluid power products
The latest pneumatic, mobile and industrial hydraulic orders information has been released through June 2011 by the National Fluid Power Association.
NFPA’s Industry and Economic Outlook Conference hits record
A record-breaking 304 attendees heard economist Alan Beaulieu’s urgings to spend money and hire employees at the National Fluid Power Association’s 2011 Industry & Economic Outlook Conference in the Chicago suburbs from August 15 – 17.
NFPA Education and Technology Foundation awards research grant
The NFPA Education and Technology Foundation has awarded a major research grant to Dr. Brian Steward and the Agricultural and Biosystems Engineering Department at Iowa State University.
