Cameron International profit boosted by higher orders

July 26 Thu Jul 26, 2012 8:30am EDT

July 26 (Reuters) - U.S. oilfield equipment manufacturer Cameron International Corp's second-quarter profit rose 18 percent, led by a rise in drilling and production systems sales, with the company order backlog also bulking up.

Net income rose to $174.6 million, or 70 cents per diluted share, in the second quarter, from $148 million, or 59 cents per share, a year earlier.

Revenue rose 18 percent to $2.05 billion.

Orders rose 8 percent to $2.57 billion, while the backlog at the end of the second-quarter rose 35 percent $7.45 billion.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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