date:Aug 03, 2012
%, driven primarily by ClydeUnion where revenue increased 15.1% sequentially.
Segment income was $69.8m, or 10.3% of revenues, in Q2 2012, compared to $56.6m, or 11.5% in Q2 2011.
Europe struggle
Speaking in an analysts call, Jeremy Smeltser, chief financial officer and vice president of Flow Technology, said SPX continues to see strong order activity in most end markets and geographies, with the industrial markets in Europe being the most notable exception.
We've probably seen a little bit