Cameron Reports Q4 EPS of $.66 vs. $.67

Cameron CAM reported net income of $164.6 million, or $0.66 per diluted share, for the quarter ended December 31, 2010, compared with net income in the prior year's fourth quarter of $97.3 million, or $0.41 per diluted share. The fourth quarter 2010 results include after-tax charges of $6.2 million, or $0.03 per share, primarily related to litigation costs associated with the Deepwater Horizon matter and the continued integration of NATCO Group Inc. The fourth quarter 2009 results included after-tax charges of $31.1 million, or $0.13 per share, comprised of severance-related costs and charges associated with the NATCO acquisition. Excluding the above items, the Company's earnings per diluted share were $0.69 for the fourth quarter of 2010, compared with $0.54 for the fourth quarter of 2009.