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Cameron second quarter earnings per share $0.66, excluding charges of $0.07 per share.
· Earnings total $0.59 per share, including charges, versus $0.52, including charges, in second quarter of 2010
· Orders $2.4 billion, up $1.0 billion from a year ago, backlog grows to $5.5 billion
· Full year 2011 earnings guidance raised, new range between $2.55 and $2.65 per share
CAMERON NOTIFIES HOLDERS OF 2.50% CONVERTIBLE SENIOR NOTES DUE 2026 OF PUT OPTION
Cameron (NYSE: CAM) is notifying holders of its 2.50% Convertible Senior Notes due 2026
HOUSTON (May 17, 2011) – Cameron (NYSE: CAM) is notifying holders of its 2.50% Convertible Senior Notes due 2026 (CUSIP Nos. 13342BAA3 and 13342BAB1) (the “Notes”) that they have an option, pursuant to the terms of the Notes, to require Cameron to purchase, on June 15, 2011, all or a portion of such holders’ Notes (the...
CAMERON FIRST QUARTER EARNINGS PER SHARE $0.46, EXCLUDING CHARGE OF $0.03 PER SHARE
· Previously announced charges for subsea project and accounts receivable incorporated into operating results
· Quarter’s earnings total $0.43 per share, including charge, versus $0.48, including charges, in first quarter of 2010
· Orders exceed $1.5 billion,...
HOUSTON (March 28, 2011) – Cameron (NYSE: CAM) will record a first quarter charge of approximately $0.15 per share associated with delays on a subsea systems project in Nigeria. Cameron President and Chief Executive Officer Jack B. Moore said, \"Large subsea projects in emerging countries carry varying levels of risk, especially with respect to in-country activities. Due to cost overruns associated with a singularly large and complex subsea project in the country, we will include a charge for these expenses in our first quarter results.\"
HOUSTON (March 15, 2011) – Cameron (NYSE: CAM) has signed a Memorandum of Understanding (MOU) with Petrobras, confirming Cameron’s intent to enhance its research and development efforts in Brazil through a $30 million investment in R&D facilities at two locations.
Cameron’s Jacarei plant in Sao Paulo State will add leading-edge testing capabilities, including a hyperbaric chamber, along with a high-pressure flow loop for use in testing and qualifying compact separators and measurement...
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