Download to read offline
Uploaded byfinance49
326 views
ccc_1997AR
This annual report summarizes the financial highlights and performance of Cooper Cameron Corporation for the years 1997, 1996 and 1995. Some key points: - Revenues increased over 30% from 1996 to 1997, reaching $1.81 billion, driven by acquisitions, pricing improvements and strong sales. - Earnings before interest, taxes, depreciation and amortization exceeded the target of 15% of revenues, reaching 16.3%. - Net income improved to $140.58 million in 1997 compared to a net loss in 1996. - The CEO outlines plans to continue improving productivity and manufacturing efficiency to meet increased financial targets for 1998.
