But there is cause for caution in the industry based on a number of factors, including regulation, the tariff situation and continued price volatility.
The good news in the valves industry is business is strong.
“Powell’s business has been very strong in 2018,” Powell Valves Senior Vice President of Sales and Marketing North America and International Tim Fries says. “We introduced new products that now give our channel partners a complete package. We also have expanded our product line. Furthermore, capital projects purchasing has been strong.”