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Valve Manufacturing

Flowserve Reports Fourth Quarter and Full Year 2013 Results

In the fourth quarter of 2013, Flowserve had fully diluted EPS of $1.01, up 7.4% compared to $0.94 per share. The quarter results include $13.8 million in discrete realignment, acquisition, legal and severance charges and $4.1 million of below-the-line FX currency effects. Excluding the discrete charges and currency effects, adjusted EPS of $1.10 was up approximately 17%. Sales were $1.39 billion, up 4.6%, or 5.2% on a constant currency basis. For the full year, sales were $4.95 billion, up 4.3%, or 5.0% on a constant currency basis.

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