The Company provide fluid handling solutions to organizations involved in manufacturing, processing, construction and maintenance throughout the world. Its three reportable segments are: sales, engineering and marketing.
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This is one of those small, under-followed, boring companies that Peter Lynch would like. Management is very shareholder-friendly, having done a number of special one-time dividends by using the large amount of FCF they generate. A few years ago they paid off all of their debt, but still generate very high ROE.