Flow Technology revenues for the first quarter of 2008 were $504.0 million compared to $250.7 million in the first quarter of 2007, an increase of $253.3 million, or 101.0%. The increase was due primarily to the fourth quarter 2007 acquisition of APV, which contributed $227.0 million of revenues during the quarter. Additionally, organic revenue growth was 4.7% in the quarter, driven primarily by strong demand in the power, oil and gas, and sanitary markets.  

Source: SPX

View Full Article