Oil Strength - BHI, HAL, JEC

HAL's numbers last year included a $933M one-time payout. So if we exclude that figure, we get
* Revenue up $750M or 20%
* Income up 5% after one-time events

"the company said operating income at its drilling and evaluation arm rose 38 percent to $480 million in the most-recent quarter, the beneficiary of increased drilling worldwide."
Well, we own companies in the drilling side of the business, so lets hope they benefit.

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Baker Hughes (BHI) did even better
http://www.bloomberg.com/apps/news?pid=20601103&sid=a3U_Wr2fD.XU&refer=us
* Revenue up 18%
* EPS up 30+% excluding one-time events
Note the significant margins that take an 18% jump in sales and turn it into a 30%+ jump in eanrings.

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Jacobs Engineering did best of all
http://money.cnn.com/news/newsfeeds/articles/apwire/6d008b4652d6920c279c0615052e90d8.htm
* Revenue up 40%
* Profit up 45%