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ccc_2001AR
This annual report summarizes Cooper Cameron's financial performance in 2001 and provides an outlook for 2002. Key points include: - Revenues increased 13% to $1.56 billion in 2001, while EBITDA grew 17% to $251 million. However, the stock price declined 40% due to industry uncertainty. - Productivity improvement and cost reduction remain priorities through the Six Sigma program and other initiatives. - Global energy demand is expected to grow long-term at 2-3% annually, though customers' spending may be flat or down slightly in 2002 from 2001 levels. - Acquisitions in 2001 added to Cooper Cameron's portfolio, as mergers and acquisitions activity was stepped up.
