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The municipal orders come from customers in the United States, Ireland and Algeria. The largest, worth $13 million, is for a complete waste-water treatment system for a South Carolina city for delivery in July. GLV teams in Salt Lake City, Utah, and Austin, Tex., will handle the design work.
This is a sign the U.S. market for municipal infrastructure is starting to recover, said GLV's chief operating officer, Richard Verreault.
The industrial sector contracts, worth about $9 million, cover water intake screening equipment for several clients.
GLV supplies its screening technology to the energy, desalination, food and beverage and chemical industries.
The depressed pulp and paper industry, with heavy investment cutbacks, hit GLV's results for the second quarter ended Sept. 30, while the water treatment business grew and improved its return. Verreault sees signs the downturn in orders from pulp and paper companies has stabilized.
GLV's quarterly earnings were $1.8 million, or six cents a share, down from $2.9 million, or 11 cents a share a year earlier, on revenue of $104 million, down 30.7 per cent.
First-half earnings were $2.9 million, or 10 cents a share, down from $5 million, or 19 cents a share, a year earlier, on revenue of $217 million, down almost 29 per cent.
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